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 (2024-04-25), FLIR Systems's share price is $57.17. FLIR Systems's Book Value per Share for the quarter that ended in Mar. 2021 was $14.54. Hence, FLIR Systems's PB Ratio of today is 3.93.
Good Sign:
FLIR Systems Inc stock PB Ratio (=3.73) is close to 1-year low of 3.56
The historical rank and industry rank for FLIR Systems's PB Ratio or its related term are showing as below:
FLIR'
s PB Ratio Range Over the Past 10 Years
Min: 2.33 Med: 3.65 Max: 3.95
Current: 3.73
During the past 13 years, FLIR Systems's highest PB Ratio was 3.95. The lowest was 2.33. And the median was 3.65.
FLIR's PB Ratio is not ranked
in the Hardware industry.
Industry Median: 1.83
vs FLIR: 3.73
During the past 12 months, FLIR Systems's average Book Value Per Share Growth Rate was 28.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of FLIR Systems was 95.60% per year. The lowest was -23.00% per year. And the median was 17.20% per year.
Back to Basics: PB Ratio
FLIR Systems PB Ratio Historical Data
The historical data trend for FLIR Systems'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 Scientific & Technical Instruments subindustry, FLIR Systems'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.
FLIR Systems's PB Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, FLIR Systems's PB Ratio distribution charts can be found below:
* The bar in red indicates where FLIR Systems's PB Ratio falls into.
FLIR Systems 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.
FLIR Systems'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.
FLIR Systems PB Ratio Related Terms
Thank you for viewing the detailed overview of FLIR Systems's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
FLIR Systems Inc designs, develops, markets, and distributes technologies that detect people, objects, and substances. The company's two business units are Industrial Technologies and Defense Technologies segment. The Industrial Technologies segment develops components used to create thermal, industrial, and other imaging systems. The Defense Technologies unit develops imaging and recognition solutions for military, law enforcement, and other government customers. The company operates around the world, with a significant portion of revenue coming from the United States.
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