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 (2024-04-19), Bio-Techne's share price is $62.24. Bio-Techne's Book Value per Share for the quarter that ended in Dec. 2023 was $12.50. Hence, Bio-Techne's PB Ratio of today is 4.98.
Good Sign:
Bio-Techne Corp stock PB Ratio (=4.98) is close to 5-year low of 4.56
The historical rank and industry rank for Bio-Techne's PB Ratio or its related term are showing as below:
TECH'
s PB Ratio Range Over the Past 10 Years
Min: 3.27 Med: 5.43 Max: 13.43
Current: 4.98
During the past 13 years, Bio-Techne's highest PB Ratio was 13.43. The lowest was 3.27. And the median was 5.43.
TECH's PB Ratio is ranked worse than 76.75% of 1312
companies
in the Biotechnology industry
Industry Median: 2.385
vs TECH: 4.98
During the past 12 months, Bio-Techne's average Book Value Per Share Growth Rate was 7.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bio-Techne was 49.40% per year. The lowest was 5.60% per year. And the median was 14.30% per year.
Back to Basics: PB Ratio
Bio-Techne PB Ratio Historical Data
The historical data trend for Bio-Techne'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.
Bio-Techne Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Jun23
PB Ratio
6.79
7.35
11.22
7.98
6.54
Bio-Techne Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
PB Ratio
7.13
6.18
6.54
5.40
6.18
Competitive Comparison
For the Biotechnology subindustry, Bio-Techne'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.
Bio-Techne PB Ratio Distribution
For the Biotechnology industry and Healthcare sector, Bio-Techne's PB Ratio distribution charts can be found below:
* The bar in red indicates where Bio-Techne's PB Ratio falls into.
Bio-Techne 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.
Bio-Techne'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.
Bio-Techne PB Ratio Related Terms
Thank you for viewing the detailed overview of Bio-Techne's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Based in Minnesota, Bio-Techne is a life sciences manufacturer supplying consumables and instruments for the pharma, biotech, academic, and diagnostic markets. The company reports in two segments, protein sciences (75% of revenue), and diagnostics and genomics (25%). The protein-focused segment makes equipment and associated consumables for protein characterization and analysis and sells antibodies for research and clinical purposes. In diagnostics, Bio-Techne provides controls and calibrators for diagnostic manufacturers and has a portfolio of diagnostic oncology assays. The United States accounts for about 55% of revenue, and the firm also has operations in EMEA (20% of sales), the U.K. (5%), and APAC (15%), with the rest of the world accounting for the remaining 5%.
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