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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 (2024-05-13), PNM Resources's share price is $37.93. PNM Resources's Book Value per Share for the quarter that ended in Mar. 2024 was $26.12. Hence, PNM Resources's PB Ratio of today is 1.45.
Good Sign:
PNM Resources Inc stock PB Ratio (=1.45) is close to 5-year low of 1.37
The historical rank and industry rank for PNM Resources's PB Ratio or its related term are showing as below:
During the past 13 years, PNM Resources's highest PB Ratio was 2.65. The lowest was 1.04. And the median was 1.78.
During the past 12 months, PNM Resources's average Book Value Per Share Growth Rate was 1.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.90% 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 PNM Resources was 8.60% per year. The lowest was -6.80% per year. And the median was 3.95% per year.
The historical data trend for PNM Resources'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.
PNM Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
PB Ratio | Get a 7-Day Free Trial | 2.41 | 2.03 | 1.81 | 1.91 | 1.60 |
PNM Resources 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 | 1.89 | 1.71 | 1.71 | 1.60 | 1.44 |
For the Utilities - Regulated Electric subindustry, PNM Resources'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.
For the Utilities - Regulated industry and Utilities sector, PNM Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where PNM Resources's PB Ratio falls into.
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.
PNM Resources's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Mar. 2024) |
= | 37.93 | / | 26.117 | |
= | 1.45 |
* 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:
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.
PNM Resources (NYSE:PNM) 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.
Thank you for viewing the detailed overview of PNM Resources's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Elisabeth A Eden | officer: SVP, CFO & Treasurer | 414 SILVER AVE SW, MS1295, ALBUQUERQUE NM 87102 |
Henry E Monroy | officer: VP & Corporate Controller | 414 SILVER AVENUE SW, MS1015, ALBUQUERQUE NM 87102-3289 |
Charles N Eldred | officer: Chief Financial Officer | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Joseph Don Tarry | officer: VP and Corporate Controller | 414 SILVER AVE SW MS 1205, ALBUQUERQUE NM 87102-3289 |
Patrick V Apodaca | officer: SR VP, GEN COUNSEL & SECY | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Ronald N. Darnell | officer: VICE PRESIDENT, REGULATORY AFF | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Vicky A Bailey | director | 2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006 |
James Alton Hughes | director | 350 W WASHINGTON STREET, SUITE 600, TEMPE AZ 85281 |
Norman P. Becker | director | 3900 SINGER BOULEVARD N.E., ALBUQUERQUE NM 87109 |
Chris M Olson | officer: VP, Utility Operations | 414 SILVER AVENUE SW, MS 1255, ALBUQUERQUE NM 87102-3289 |
Adelmo E Archuleta | director | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Ronald E Talbot | officer: SR VP, CHIEF OPERATING OFFICER | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Bruce W Wilkinson | director | 1333 WEST LOOP SOUTH, STE 1700, HOUSTON TX 77027 |
Sidney M. Gutierrez | director | 414 SILVER AVE SW, MS 1275, ALBUQUERQUE NM 87102-3289 |
Joan B Woodard | director | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
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