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Abits Group (Abits Group) PB Ratio : 2.54 (As of May. 12, 2024)


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What is Abits Group PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-12), Abits Group's share price is $0.807. Abits Group's Book Value per Share for the quarter that ended in Dec. 2023 was $0.32. Hence, Abits Group's PB Ratio of today is 2.54.

The historical rank and industry rank for Abits Group's PB Ratio or its related term are showing as below:

ABTS' s PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 2.83   Max: 373.81
Current: 2.54

During the past 5 years, Abits Group's highest PB Ratio was 373.81. The lowest was 0.88. And the median was 2.83.

ABTS's PB Ratio is ranked worse than
69.31% of 756 companies
in the Capital Markets industry
Industry Median: 1.285 vs ABTS: 2.54

During the past 12 months, Abits Group's average Book Value Per Share Growth Rate was -52.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 147.40% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Abits Group was 338.20% per year. The lowest was 147.40% per year. And the median was 242.80% per year.

Back to Basics: PB Ratio


Abits Group PB Ratio Historical Data

The historical data trend for Abits Group's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Abits Group PB Ratio Chart

Abits Group Annual Data
Trend Sep19 Sep20 Dec21 Dec22 Dec23
PB Ratio
- - 8.51 0.67 3.59

Abits Group Semi-Annual Data
Sep19 Sep20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
PB Ratio Get a 7-Day Free Trial 8.51 0.79 0.67 1.57 3.59

Competitive Comparison of Abits Group's PB Ratio

For the Capital Markets subindustry, Abits Group's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Abits Group's PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abits Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Abits Group's PB Ratio falls into.



Abits Group PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Abits Group's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=0.807/0.318
=2.54

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Abits Group  (NAS:ABTS) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Abits Group PB Ratio Related Terms

Thank you for viewing the detailed overview of Abits Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Abits Group (Abits Group) Business Description

Traded in Other Exchanges
N/A
Address
30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN
Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.
Executives
Deng Conglin director ROOM BC, 9TH FLOOR, FU HUA BUILDING, NO. 8 BEI DA STREET, CHAO YANG DISTRICT, BEIJING F4 100000

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