Ardmore Shipping (Ardmore Shipping) PB Ratio : 1.27 (As of Apr. 25, 2024)

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What is Ardmore Shipping 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), Ardmore Shipping's share price is $16.57. Ardmore Shipping's Book Value per Share for the quarter that ended in Dec. 2023 was $13.01. Hence, Ardmore Shipping's PB Ratio of today is 1.27.

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

ASC' s PB Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.69 Max: 2.35
Current: 1.27

During the past 13 years, Ardmore Shipping's highest PB Ratio was 2.35. The lowest was 0.27. And the median was 0.69.

ASC's PB Ratio is ranked better than
52.25% of 932 companies
in the Transportation industry
Industry Median: 1.31 vs ASC: 1.27

During the past 12 months, Ardmore Shipping's average Book Value Per Share Growth Rate was 12.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -2.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ardmore Shipping was 18.10% per year. The lowest was -7.60% per year. And the median was -2.10% per year.

Back to Basics: PB Ratio

Ardmore Shipping PB Ratio Historical Data

The historical data trend for Ardmore Shipping'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.

Ardmore Shipping PB Ratio Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.92

0.34

0.40

1.25

1.08

Ardmore Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.25	1.23	1.01	1.04	1.08

Competitive Comparison of Ardmore Shipping's PB Ratio

For the Marine Shipping subindustry, Ardmore Shipping'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.

Ardmore Shipping's PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ardmore Shipping's PB Ratio distribution charts can be found below:

* The bar in red indicates where Ardmore Shipping's PB Ratio falls into.

Ardmore Shipping 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.

Ardmore Shipping's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	16.57	/	13.011
	=	1.27

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.

Ardmore Shipping (NYSE:ASC) 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.

Ardmore Shipping PB Ratio Related Terms

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Ardmore Shipping (Ardmore Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ardmore Shipping Corp (NYSE:ASC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

A61:Germany A61:Germany

Address

69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.