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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 (2024-04-24), Retractable Technologies's share price is $1.07. Retractable Technologies's Book Value per Share for the quarter that ended in Dec. 2023 was $3.31. Hence, Retractable Technologies's PB Ratio of today is 0.32.
Good Sign:
Retractable Technologies Inc stock PB Ratio (=0.32) is close to 10-year low of 0.3
The historical rank and industry rank for Retractable Technologies's PB Ratio or its related term are showing as below:
During the past 13 years, Retractable Technologies's highest PB Ratio was 13.00. The lowest was 0.30. And the median was 1.59.
During the past 12 months, Retractable Technologies's average Book Value Per Share Growth Rate was -6.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 31.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 42.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 14.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Retractable Technologies was 590.40% per year. The lowest was -16.50% per year. And the median was -3.50% per year.
The historical data trend for Retractable Technologies'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.
Retractable Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
PB Ratio | Get a 7-Day Free Trial | 1.76 | 7.35 | 2.35 | 0.46 | 0.34 |
Retractable Technologies 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 | 0.46 | 0.49 | 0.33 | 0.36 | 0.34 |
For the Medical Instruments & Supplies subindustry, Retractable Technologies'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 Medical Devices & Instruments industry and Healthcare sector, Retractable Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where Retractable Technologies'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.
Retractable Technologies's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Dec. 2023) |
= | 1.07 | / | 3.309 | |
= | 0.32 |
* 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.
Retractable Technologies (AMEX:RVP) 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 Retractable Technologies's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas J Shaw | director, 10 percent owner, officer: President and CEO | 511 LOBO LANE, LITTLE ELM TX 75068 |
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From GuruFocus
By GuruFocus Research • 08-22-2023
By gurufocus • 03-16-2009
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