Highway Holdings (Highway Holdings) PB Ratio

: 1.22 (As of Today)

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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 (2024-04-17), Highway Holdings's share price is $2.146. Highway Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was $1.76. Hence, Highway Holdings's PB Ratio of today is 1.22.

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

HIHO' s PB Ratio Range Over the Past 10 Years
Min: 0.53 Med: 1.13 Max: 1.97
Current: 1.22

During the past 13 years, Highway Holdings's highest PB Ratio was 1.97. The lowest was 0.53. And the median was 1.13.

HIHO's PB Ratio is ranked better than
70.82% of 2927 companies
in the Industrial Products industry
Industry Median: 1.87 vs HIHO: 1.22

During the past 12 months, Highway Holdings's average Book Value Per Share Growth Rate was -25.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -9.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -7.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -4.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Highway Holdings was 6.90% per year. The lowest was -11.60% per year. And the median was -2.25% per year.

Back to Basics: PB Ratio

Highway Holdings PB Ratio Historical Data

The historical data trend for Highway Holdings'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.

Highway Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

1.25

0.74

1.54

1.23

1.02

Highway Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
PB Ratio																0.90	0.91	1.02	1.37	1.14

Competitive Comparison

For the Metal Fabrication subindustry, Highway Holdings'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.

Highway Holdings PB Ratio Distribution

For the Industrial Products industry and Industrials sector, Highway Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Highway Holdings's PB Ratio falls into.

Highway Holdings 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.

Highway Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	2.146	/	1.763
	=	1.22

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.

Highway Holdings (NAS:HIHO) 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.

Highway Holdings PB Ratio Related Terms

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Highway Holdings (Highway Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Highway Holdings Ltd (NAS:HIHO) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 18, Landmark North 39 Lung Sum Avenue, Suite No.1801, Sheung Shui, New Territories, Hong Kong, HKG

Website

https://www.highwayholdings.com

Highway Holdings Ltd is a holding company. The company is a manufacturer of metal, plastic, electric and electronic components for original equipment manufacturers (OEM) and contract manufacturers. Its operating segment includes Metal stamping and mechanical OEM and Electric OEM. The metal stamping segment focuses on the manufacturing and sale of metal parts and components. The company generates maximum revenue from the Metal stamping and mechanical OEM segment. Geographically, it derives a majority of its revenue from Europe and also has a presence in Hong Kong and China, North America, and Other Asian countries.

Executives

Zeff Capital, Lp

10 percent owner

400 S. MCCADDEN PL., LOS ANGELES CA 90020