SKF AB (SKF AB) PB Ratio

: 1.80 (As of Today)

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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 (2024-04-16), SKF AB's share price is $20.27. SKF AB's Book Value per Share for the quarter that ended in Dec. 2023 was $11.29. Hence, SKF AB's PB Ratio of today is 1.80.

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

SKFRY' s PB Ratio Range Over the Past 10 Years
Min: 1.29 Med: 2.63 Max: 4.39
Current: 1.91

During the past 13 years, SKF AB's highest PB Ratio was 4.39. The lowest was 1.29. And the median was 2.63.

SKFRY's PB Ratio is ranked worse than
52.8% of 2926 companies
in the Industrial Products industry
Industry Median: 1.8 vs SKFRY: 1.91

During the past 12 months, SKF AB's average Book Value Per Share Growth Rate was 1.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 15.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 10.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of SKF AB was 15.40% per year. The lowest was -1.70% per year. And the median was 6.50% per year.

Back to Basics: PB Ratio

SKF AB PB Ratio Historical Data

The historical data trend for SKF AB'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.

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

2.44

2.85

2.26

1.39

1.78

SKF AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio																1.39	1.84	1.54	1.50	1.78

Competitive Comparison

For the Tools & Accessories subindustry, SKF AB'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.

SKF AB PB Ratio Distribution

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

* The bar in red indicates where SKF AB's PB Ratio falls into.

SKF AB 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.

SKF AB's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	20.27	/	11.292
	=	1.80

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.

SKF AB (OTCPK:SKFRY) 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.

SKF AB PB Ratio Related Terms

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SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.