KONE Oyj (KONE Oyj) PB Ratio : 10.26 (As of Apr. 26, 2024)

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What is KONE Oyj 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 (2024-04-26), KONE Oyj's share price is $44.35. KONE Oyj's Book Value per Share for the quarter that ended in Mar. 2024 was $4.32. Hence, KONE Oyj's PB Ratio of today is 10.26.

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

KNYJF' s PB Ratio Range Over the Past 10 Years
Min: 6.84 Med: 9.82 Max: 16.19
Current: 11.07

During the past 13 years, KONE Oyj's highest PB Ratio was 16.19. The lowest was 6.84. And the median was 9.82.

KNYJF's PB Ratio is ranked worse than
95.35% of 2926 companies
in the Industrial Products industry
Industry Median: 1.9 vs KNYJF: 11.07

During the past 12 months, KONE Oyj's average Book Value Per Share Growth Rate was 0.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of KONE Oyj was 28.50% per year. The lowest was -15.20% per year. And the median was 2.20% per year.

Back to Basics: PB Ratio

KONE Oyj PB Ratio Historical Data

The historical data trend for KONE Oyj'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.

KONE Oyj PB Ratio Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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9.69

11.04

10.38

8.88

8.18

KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															12.24	10.91	8.03	8.18	10.84

Competitive Comparison of KONE Oyj's PB Ratio

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.

KONE Oyj's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KONE Oyj's PB Ratio distribution charts can be found below:

* The bar in red indicates where KONE Oyj's PB Ratio falls into.

KONE Oyj 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.

KONE Oyj's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	44.35	/	4.321
	=	10.26

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.

KONE Oyj (OTCPK:KNYJF) 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.

KONE Oyj PB Ratio Related Terms

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KONE Oyj (KONE Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OTCPK:KNYJF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

KNYJY:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.