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), Hawaiian Electric Industries's share price is $10.95. Hawaiian Electric Industries's Book Value per Share for the quarter that ended in Dec. 2023 was $21.29. Hence, Hawaiian Electric Industries's PB Ratio of today is 0.51.
Good Sign:
Hawaiian Electric Industries Inc stock PB Ratio (=0.51) is close to 10-year low of 0.47
The historical rank and industry rank for Hawaiian Electric Industries's PB Ratio or its related term are showing as below:
HE'
s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 1.77 Max: 2.41
Current: 0.51
During the past 13 years, Hawaiian Electric Industries's highest PB Ratio was 2.41. The lowest was 0.47. And the median was 1.77.
HE's PB Ratio is ranked better than 86.89% of 511
companies
in the Utilities - Regulated industry
Industry Median: 1.39
vs HE: 0.51
During the past 12 months, Hawaiian Electric Industries's average Book Value Per Share Growth Rate was 5.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hawaiian Electric Industries was 5.00% per year. The lowest was -2.20% per year. And the median was 2.40% per year.
Back to Basics: PB Ratio
Hawaiian Electric Industries PB Ratio Historical Data
The historical data trend for Hawaiian Electric Industries'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 Utilities - Regulated Electric subindustry, Hawaiian Electric Industries'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.
Hawaiian Electric Industries PB Ratio Distribution
For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hawaiian Electric Industries's PB Ratio falls into.
Hawaiian Electric Industries 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.
Hawaiian Electric Industries'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.
Hawaiian Electric Industries (NYSE:HE) 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.
Hawaiian Electric Industries PB Ratio Related Terms
Thank you for viewing the detailed overview of Hawaiian Electric Industries's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.
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