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 (2024-04-23), Bio-Rad Laboratories's share price is $290.88. Bio-Rad Laboratories's Book Value per Share for the quarter that ended in Dec. 2023 was $306.51. Hence, Bio-Rad Laboratories's PB Ratio of today is 0.95.
Good Sign:
Bio-Rad Laboratories Inc stock PB Ratio (=0.91) is close to 10-year low of 0.91
The historical rank and industry rank for Bio-Rad Laboratories's PB Ratio or its related term are showing as below:
BIO'
s PB Ratio Range Over the Past 10 Years
Min: 0.91 Med: 1.7 Max: 2.81
Current: 0.95
During the past 13 years, Bio-Rad Laboratories's highest PB Ratio was 2.81. The lowest was 0.91. And the median was 1.70.
BIO's PB Ratio is ranked better than 81.53% of 796
companies
in the Medical Devices & Instruments industry
Industry Median: 2.185
vs BIO: 0.95
During the past 12 months, Bio-Rad Laboratories's average Book Value Per Share Growth Rate was -5.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 18.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 21.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bio-Rad Laboratories was 50.20% per year. The lowest was -2.50% per year. And the median was 15.10% per year.
Back to Basics: PB Ratio
Bio-Rad Laboratories PB Ratio Historical Data
The historical data trend for Bio-Rad Laboratories'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.
For the Medical Devices subindustry, Bio-Rad Laboratories'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-Rad Laboratories PB Ratio Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Bio-Rad Laboratories's PB Ratio distribution charts can be found below:
* The bar in red indicates where Bio-Rad Laboratories's PB Ratio falls into.
Bio-Rad Laboratories 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-Rad Laboratories'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.
Bio-Rad Laboratories (NYSE:BIO) 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.
Bio-Rad Laboratories PB Ratio Related Terms
Thank you for viewing the detailed overview of Bio-Rad Laboratories's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bio-Rad Laboratories (Bio-Rad Laboratories) Business Description
Bio-Rad Laboratories, headquartered in Hercules, California, develops, manufactures, and markets products and solutions for the clinical diagnostics and life sciences markets. In diagnostics (53% of sales), Bio-Rad manufactures, sells, and supports test systems and specialized quality controls for clinical laboratories. In life sciences (47% of sales), the firm develops and manufactures a range of instruments and reagents used in research, biopharmaceutical production, and food testing. The company is geographically diverse, with major markets in the Americas, Europe and Africa , and Asia-Pacific. Bio-Rad owns 37% of Sartorius AG, a laboratory and biopharmaceutical supplier.
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