InvoCare (ASX:IVC) PB Ratio : 2.87 (As of Apr. 30, 2024)

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What is InvoCare 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 (2024-04-30), InvoCare's share price is A$12.67. InvoCare's Book Value per Share for the quarter that ended in Jun. 2023 was A$4.42. Hence, InvoCare's PB Ratio of today is 2.87.

Good Sign:

InvoCare Ltd stock PB Ratio (=2.87) is close to 1-year low of 2.87

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

ASX:IVC' s PB Ratio Range Over the Past 10 Years
Min: 2.34 Med: 6.51 Max: 10.46
Current: 2.87

During the past 13 years, InvoCare's highest PB Ratio was 10.46. The lowest was 2.34. And the median was 6.51.

ASX:IVC's PB Ratio is not ranked
in the Personal Services industry.
Industry Median: 1.91 vs ASX:IVC: 2.87

During the past 12 months, InvoCare's average Book Value Per Share Growth Rate was 17.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 14.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 15.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 11.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of InvoCare was 40.10% per year. The lowest was -7.80% per year. And the median was 13.75% per year.

Back to Basics: PB Ratio

InvoCare PB Ratio Historical Data

The historical data trend for InvoCare'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.

InvoCare PB Ratio Chart

InvoCare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

PB Ratio

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6.47

5.17

3.08

2.90

InvoCare Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
PB Ratio	Get a 7-Day Free Trial															2.92	2.90	2.77	2.90	2.85

Competitive Comparison of InvoCare's PB Ratio

For the Personal Services subindustry, InvoCare'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.

InvoCare's PB Ratio Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, InvoCare's PB Ratio distribution charts can be found below:

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

InvoCare 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.

InvoCare's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2023)
	=	12.67	/	4.42
	=	2.87

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.

InvoCare (ASX:IVC) 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.

InvoCare PB Ratio Related Terms

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InvoCare (ASX:IVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » InvoCare Ltd (ASX:IVC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Mount Street, Level 5, North Sydney, NSW, AUS, 2060

Website

https://www.invocare.com.au

InvoCare is the largest funeral, cemetery, and crematorium operator in Australia and New Zealand. We estimate InvoCare enjoys over a third of revenue share in Australia, and around a fifth in New Zealand, and is the number one player in both countries. Australia contributes the vast majority of consolidated earnings. InvoCare owns a portfolio of over 60 brands, including three flagship national Australian brands: White Lady, Simplicity Funerals, and Value Cremations, and owns and operates 290 funeral homes, along with 16 cemeteries and crematoria.

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