Ecofin US Renewables Infrastructure Trust (LSE:RNEW) PB Ratio : 0.65 (As of May. 16, 2024)

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What is Ecofin US Renewables Infrastructure Trust 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 (2024-05-16), Ecofin US Renewables Infrastructure Trust's share price is $0.55. Ecofin US Renewables Infrastructure Trust's Book Value per Share for the quarter that ended in Dec. 2023 was $0.85. Hence, Ecofin US Renewables Infrastructure Trust's PB Ratio of today is 0.65.

The historical rank and industry rank for Ecofin US Renewables Infrastructure Trust's PB Ratio or its related term are showing as below:

LSE:RNEW' s PB Ratio Range Over the Past 10 Years
Min: 0.57 Med: 0.67 Max: 0.89
Current: 0.62

During the past 3 years, Ecofin US Renewables Infrastructure Trust's highest PB Ratio was 0.89. The lowest was 0.57. And the median was 0.67.

LSE:RNEW's PB Ratio is ranked better than
85.82% of 1686 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:RNEW: 0.62

During the past 12 months, Ecofin US Renewables Infrastructure Trust's average Book Value Per Share Growth Rate was -9.70% per year.

Back to Basics: PB Ratio

Ecofin US Renewables Infrastructure Trust PB Ratio Historical Data

The historical data trend for Ecofin US Renewables Infrastructure Trust'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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Ecofin US Renewables Infrastructure Trust PB Ratio Chart

Ecofin US Renewables Infrastructure Trust Annual Data

Trend

Dec21

Dec22

Dec23

PB Ratio

1.00

0.88

0.66

Ecofin US Renewables Infrastructure Trust Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
PB Ratio	1.06	0.88	0.66	0.66

Competitive Comparison of Ecofin US Renewables Infrastructure Trust's PB Ratio

For the Asset Management subindustry, Ecofin US Renewables Infrastructure Trust'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.

Ecofin US Renewables Infrastructure Trust's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ecofin US Renewables Infrastructure Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where Ecofin US Renewables Infrastructure Trust's PB Ratio falls into.

Ecofin US Renewables Infrastructure Trust 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.

Ecofin US Renewables Infrastructure Trust's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.55	/	0.852
	=	0.65

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Ecofin US Renewables Infrastructure Trust (LSE:RNEW) 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.

Ecofin US Renewables Infrastructure Trust PB Ratio Related Terms

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Ecofin US Renewables Infrastructure Trust (LSE:RNEW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ecofin US Renewables Infrastructure Trust PLC (LSE:RNEW) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 London Wall, 6th Floor, London, GBR, EC2Y 5AS

Website

https://www.ecofininvest.com

Ecofin US Renewables Infrastructure Trust PLC is a closed-ended investment company. Its investment objective is to provide its shareholders with an attractive level of current distributions by investing in a diversified portfolio of mixed renewable energy and sustainable infrastructure assets.