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 (2024-04-26), Reed's's share price is $1.38. Reed's's Book Value per Share for the quarter that ended in Dec. 2023 was $-4.60. Hence, Reed's's PB Ratio of today is .
The historical rank and industry rank for Reed's's PB Ratio or its related term are showing as below:
During the past 13 years, Reed's's highest PB Ratio was 141.30. The lowest was 3.48. And the median was 21.84.
REED's PB Ratio is not ranked *
in the Beverages - Non-Alcoholic industry.
Industry Median: 2.42 * Ranked among companies with meaningful PB Ratio only.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Reed's was 143.70% per year. The lowest was -59.90% per year. And the median was -1.90% per year.
Back to Basics: PB Ratio
Reed's PB Ratio Historical Data
The historical data trend for Reed's'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.
For the Beverages - Non-Alcoholic subindustry, Reed's'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.
Reed's's PB Ratio Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Reed's's PB Ratio distribution charts can be found below:
* The bar in red indicates where Reed's's PB Ratio falls into.
Reed's 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.
Reed's's PB Ratio for today is calculated as follows:
* 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.
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.
Reed's PB Ratio Related Terms
Thank you for viewing the detailed overview of Reed's's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Reed's Inc sells Ginger Beer brand. The company's portfolio of handcrafted, all-natural beverages is sold in over 45,000 outlets nationwide including the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores, and on-premise locations including bars and restaurants. The company's two core brands are Reed's, which includes Reed's Craft Ginger Beer, Reed's Real Ginger Ale, Reed's Mules, and Reed's Hard Ginger Ale; and Virgil's Handcrafted sodas.
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