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), Diamond Hill Investment Group's share price is $151.70. Diamond Hill Investment Group's Book Value per Share for the quarter that ended in Dec. 2023 was $56.79. Hence, Diamond Hill Investment Group's PB Ratio of today is 2.67.
Good Sign:
Diamond Hill Investment Group Inc stock PB Ratio (=2.67) is close to 3-year low of 2.51
The historical rank and industry rank for Diamond Hill Investment Group's PB Ratio or its related term are showing as below:
DHIL'
s PB Ratio Range Over the Past 10 Years
Min: 1.42 Med: 3.33 Max: 9.46
Current: 2.67
During the past 13 years, Diamond Hill Investment Group's highest PB Ratio was 9.46. The lowest was 1.42. And the median was 3.33.
DHIL's PB Ratio is ranked worse than 90.13% of 1692
companies
in the Asset Management industry
Industry Median: 0.93
vs DHIL: 2.67
During the past 12 months, Diamond Hill Investment Group's average Book Value Per Share Growth Rate was 4.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Diamond Hill Investment Group was 99.40% per year. The lowest was -46.50% per year. And the median was 7.70% per year.
Back to Basics: PB Ratio
Diamond Hill Investment Group PB Ratio Historical Data
The historical data trend for Diamond Hill Investment Group'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 Diamond Hill Investment Group's PB Ratio
For the Asset Management subindustry, Diamond Hill Investment Group'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.
Diamond Hill Investment Group's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Diamond Hill Investment Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Diamond Hill Investment Group's PB Ratio falls into.
Diamond Hill Investment Group 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.
Diamond Hill Investment Group'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.
Diamond Hill Investment Group (NAS:DHIL) PB Ratio Explanation
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.
Diamond Hill Investment Group PB Ratio Related Terms
Thank you for viewing the detailed overview of Diamond Hill Investment Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Diamond Hill Investment Group (Diamond Hill Investment Group) Business Description
Diamond Hill Investment Group Inc sponsors, markets, and provides investment advisory and related services to various U.S. and foreign clients including mutual funds, separate accounts, and private investment funds. The company's objective is to fulfill a fiduciary duty to clients and secondary objectives to achieve an adequate long-term return for shareholders. The company generates its revenue from Investment advisory and Mutual fund administration fees.
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