Algoma Central (Algoma Central) PB Ratio : 0.71 (As of Apr. 24, 2024)

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What is Algoma Central 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 (2024-04-24), Algoma Central's share price is $10.70. Algoma Central's Book Value per Share for the quarter that ended in Dec. 2023 was $15.01. Hence, Algoma Central's PB Ratio of today is 0.71.

Good Sign:

Algoma Central Corp stock PB Ratio (=0.74) is close to 3-year low of 0.73

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

AGMJF' s PB Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.85 Max: 1.25
Current: 0.74

During the past 13 years, Algoma Central's highest PB Ratio was 1.25. The lowest was 0.46. And the median was 0.85.

AGMJF's PB Ratio is ranked better than
75.86% of 932 companies
in the Transportation industry
Industry Median: 1.305 vs AGMJF: 0.74

During the past 12 months, Algoma Central's average Book Value Per Share Growth Rate was 5.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Algoma Central was 22.00% per year. The lowest was -4.80% per year. And the median was 5.90% per year.

Back to Basics: PB Ratio

Algoma Central PB Ratio Historical Data

The historical data trend for Algoma Central'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.

Algoma Central PB Ratio Chart

Algoma Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.76

0.94

1.02

0.84

0.72

Algoma Central 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															0.84	0.86	0.80	0.75	0.72

Competitive Comparison of Algoma Central's PB Ratio

For the Marine Shipping subindustry, Algoma Central'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.

Algoma Central's PB Ratio Distribution in the Transportation Industry

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

* The bar in red indicates where Algoma Central's PB Ratio falls into.

Algoma Central 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.

Algoma Central's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	10.70	/	15.01
	=	0.71

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.

Algoma Central (OTCPK:AGMJF) 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.

Algoma Central PB Ratio Related Terms

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Algoma Central (Algoma Central) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Algoma Central Corp (OTCPK:AGMJF) » Definitions » PB Ratio

Traded in Other Exchanges

ACH:Germany ALC:Canada

Address

63 Church Street, Suite 600, St. Catharines, ON, CAN, L2R 3C4

Website

https://www.algonet.com

Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.