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 (2024-04-18), AXT's share price is $2.885. AXT's Book Value per Share for the quarter that ended in Dec. 2023 was $4.53. Hence, AXT's PB Ratio of today is 0.64.
The historical rank and industry rank for AXT's PB Ratio or its related term are showing as below:
AXTI'
s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.94 Max: 3.41
Current: 0.64
During the past 13 years, AXT's highest PB Ratio was 3.41. The lowest was 0.43. And the median was 0.94.
AXTI's PB Ratio is ranked better than 92.78% of 969
companies
in the Semiconductors industry
Industry Median: 2.36
vs AXTI: 0.64
During the past 12 months, AXT's average Book Value Per Share Growth Rate was -9.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of AXT was 32.00% per year. The lowest was -30.10% per year. And the median was 3.30% per year.
Back to Basics: PB Ratio
AXT PB Ratio Historical Data
The historical data trend for AXT'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.
AXT Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
PB Ratio
0.96
2.12
1.82
0.87
0.53
AXT Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
PB Ratio
0.87
0.80
0.73
0.52
0.53
Competitive Comparison
For the Semiconductor Equipment & Materials subindustry, AXT'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.
AXT PB Ratio Distribution
For the Semiconductors industry and Technology sector, AXT's PB Ratio distribution charts can be found below:
* The bar in red indicates where AXT's PB Ratio falls into.
AXT 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.
AXT'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.
AXT PB Ratio Related Terms
Thank you for viewing the detailed overview of AXT's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
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