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 (2024-04-24), Quest Diagnostics's share price is $137.55. Quest Diagnostics's Book Value per Share for the quarter that ended in Dec. 2023 was $56.60. Hence, Quest Diagnostics's PB Ratio of today is 2.43.
The historical rank and industry rank for Quest Diagnostics's PB Ratio or its related term are showing as below:
DGX'
s PB Ratio Range Over the Past 10 Years
Min: 1.74 Med: 2.49 Max: 3.29
Current: 2.43
During the past 13 years, Quest Diagnostics's highest PB Ratio was 3.29. The lowest was 1.74. And the median was 2.49.
DGX's PB Ratio is ranked worse than 57.62% of 210
companies
in the Medical Diagnostics & Research industry
Industry Median: 2.08
vs DGX: 2.43
During the past 12 months, Quest Diagnostics's average Book Value Per Share Growth Rate was 6.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Quest Diagnostics was 28.10% per year. The lowest was 2.20% per year. And the median was 8.40% per year.
Back to Basics: PB Ratio
Quest Diagnostics PB Ratio Historical Data
The historical data trend for Quest Diagnostics'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.
Competitive Comparison of Quest Diagnostics's PB Ratio
For the Diagnostics & Research subindustry, Quest Diagnostics'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.
Quest Diagnostics's PB Ratio Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Quest Diagnostics's PB Ratio distribution charts can be found below:
* The bar in red indicates where Quest Diagnostics's PB Ratio falls into.
Quest Diagnostics 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.
Quest Diagnostics'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.
Quest Diagnostics PB Ratio Related Terms
Thank you for viewing the detailed overview of Quest Diagnostics's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Quest Diagnostics (Quest Diagnostics) Business Description
Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the U.S. The company generates over 95% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,300 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk assessment services, and information technology solutions.
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