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), Eastman Chemical Co's share price is $96.36. Eastman Chemical Co's Book Value per Share for the quarter that ended in Dec. 2023 was $46.51. Hence, Eastman Chemical Co's PB Ratio of today is 2.07.
The historical rank and industry rank for Eastman Chemical Co's PB Ratio or its related term are showing as below:
EMN'
s PB Ratio Range Over the Past 10 Years
Min: 0.93 Med: 2.47 Max: 3.86
Current: 2.07
During the past 13 years, Eastman Chemical Co's highest PB Ratio was 3.86. The lowest was 0.93. And the median was 2.47.
EMN's PB Ratio is ranked worse than 61.12% of 1533
companies
in the Chemicals industry
Industry Median: 1.59
vs EMN: 2.07
During the past 12 months, Eastman Chemical Co's average Book Value Per Share Growth Rate was 7.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Eastman Chemical Co was 29.40% per year. The lowest was -17.00% per year. And the median was 6.90% per year.
Back to Basics: PB Ratio
Eastman Chemical Co PB Ratio Historical Data
The historical data trend for Eastman Chemical Co'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 Eastman Chemical Co's PB Ratio
For the Specialty Chemicals subindustry, Eastman Chemical Co'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.
Eastman Chemical Co's PB Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Eastman Chemical Co's PB Ratio falls into.
Eastman Chemical Co 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.
Eastman Chemical Co'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.
Eastman Chemical Co (NYSE:EMN) 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.
Eastman Chemical Co PB Ratio Related Terms
Thank you for viewing the detailed overview of Eastman Chemical Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Eastman Chemical Co (Eastman Chemical Co) Business Description
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
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