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Labcorp Holdings (FRA:N6B) PB Ratio : 2.22 (As of May. 21, 2024)


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What is Labcorp Holdings 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 (2024-05-21), Labcorp Holdings's share price is €192.50. Labcorp Holdings's Book Value per Share for the quarter that ended in Mar. 2024 was €86.87. Hence, Labcorp Holdings's PB Ratio of today is 2.22.

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

FRA:N6B' s PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 2.17   Max: 3.27
Current: 2.23

During the past 13 years, Labcorp Holdings's highest PB Ratio was 3.27. The lowest was 1.18. And the median was 2.17.

FRA:N6B's PB Ratio is ranked worse than
51.71% of 205 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.2 vs FRA:N6B: 2.23

During the past 12 months, Labcorp Holdings's average Book Value Per Share Growth Rate was -19.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 8.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 14.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Labcorp Holdings was 47.40% per year. The lowest was -28.30% per year. And the median was 12.45% per year.

Back to Basics: PB Ratio


Labcorp Holdings PB Ratio Historical Data

The historical data trend for Labcorp Holdings'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.

* Premium members only.

Labcorp Holdings PB Ratio Chart

Labcorp Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.84 1.76 2.39 1.75 2.37

Labcorp Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.62 2.04 2.21 2.37 2.29

Competitive Comparison of Labcorp Holdings's PB Ratio

For the Diagnostics & Research subindustry, Labcorp Holdings'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.


Labcorp Holdings's PB Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Labcorp Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Labcorp Holdings's PB Ratio falls into.



Labcorp Holdings 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.

Labcorp Holdings's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=192.50/86.866
=2.22

* 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.


Labcorp Holdings  (FRA:N6B) 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.


Labcorp Holdings PB Ratio Related Terms

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Labcorp Holdings (FRA:N6B) Business Description

Traded in Other Exchanges
Address
358 South Main Street, Burlington, NC, USA, 27215
Laboratory Corp. of America is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing.

Labcorp Holdings (FRA:N6B) Headlines

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