Canadian Solar (Canadian Solar) PB Ratio : 0.38 (As of Apr. 25, 2024)

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What is Canadian Solar 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 (2024-04-25), Canadian Solar's share price is $14.50. Canadian Solar's Book Value per Share for the quarter that ended in Sep. 2023 was $38.58. Hence, Canadian Solar's PB Ratio of today is 0.38.

Good Sign:

Canadian Solar Inc stock PB Ratio (=0.39) is close to 10-year low of 0.37

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

CSIQ' s PB Ratio Range Over the Past 10 Years
Min: 0.37 Med: 1.12 Max: 5.47
Current: 0.38

During the past 13 years, Canadian Solar's highest PB Ratio was 5.47. The lowest was 0.37. And the median was 1.12.

CSIQ's PB Ratio is ranked better than
97.02% of 972 companies
in the Semiconductors industry
Industry Median: 2.36 vs CSIQ: 0.38

During the past 12 months, Canadian Solar's average Book Value Per Share Growth Rate was 39.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 15.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Canadian Solar was 322.20% per year. The lowest was -15.00% per year. And the median was 14.75% per year.

Back to Basics: PB Ratio

Canadian Solar PB Ratio Historical Data

The historical data trend for Canadian Solar'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.

Canadian Solar PB Ratio Chart

Canadian Solar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

PB Ratio

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0.69

0.94

1.95

1.11

1.03

Canadian Solar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
PB Ratio	Get a 7-Day Free Trial															1.35	1.03	1.26	1.02	0.64

Competitive Comparison of Canadian Solar's PB Ratio

For the Solar subindustry, Canadian Solar'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.

Canadian Solar's PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Canadian Solar's PB Ratio distribution charts can be found below:

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

Canadian Solar 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.

Canadian Solar's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	14.50	/	38.575
	=	0.38

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.

Canadian Solar (NAS:CSIQ) 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.

Canadian Solar PB Ratio Related Terms

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Canadian Solar (Canadian Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Canadian Solar Inc (NAS:CSIQ) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

CSIQ:Mexico L5A:Germany L5A:Germany

Address

545 Speedvale Avenue West, Guelph, ON, CAN, N1K 1E6

Website

https://www.canadiansolar.com

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments CSI Solar and Global Energy segment. The CSI Solar segment design, develop and manufacture solar ingots, wafers, cells, modules and other solar power and battery storage products. Its Energy segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.