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Hovnanian Enterprises Inc (NYSE:HOV)
P/B Ratio
(As of Today)

As of today, Hovnanian Enterprises Inc's share price is \$2.18. Hovnanian Enterprises Inc's Book Value per Share for the quarter that ended in Jul. 2016 was \$-1.95. Hence, Hovnanian Enterprises Inc's P/B Ratio of today is .

During the past 13 years, Hovnanian Enterprises Inc's highest P/B Ratio was 5.53. The lowest was 0.00. And the median was 0.94.

During the past 3 years, the average Book Value Per Share Growth Rate was -27.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -25.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hovnanian Enterprises Inc was 43.40% per year. The lowest was -54.40% per year. And the median was 10.65% per year.

Definition

Hovnanian Enterprises Inc's P/B ratio for today is calculated as follows:

 P/B Ratio = Share Price / Book Value per Share (Q: Jul. 2016) = 2.18 / -1.95 =

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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

 P/B Ratio = Market Cap / (Total Equity - Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book Ratio. The difference between Price-to-Tangible-Book Ratio and Price-to-Book Ratio is that book value other than intangibles are used in the calculation.

Explanation

Unlike valuation ratios relative to the earning power such as P/E ratio, P/S ratio or Price-to-Free-Cash-Flow ratio, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book 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 Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Hovnanian Enterprises Inc Annual Data

 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 pb 1.06 0.60 1.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Hovnanian Enterprises Inc Quarterly Data

 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 pb 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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