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 (2024-04-23), 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:
RVP'
s PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 1.59 Max: 13
Current: 0.32
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.
RVP's PB Ratio is ranked better than 96.61% of 796
companies
in the Medical Devices & Instruments industry
Industry Median: 2.185
vs RVP: 0.32
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.
Back to Basics: PB Ratio
Retractable Technologies PB Ratio Historical Data
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.
* Premium members only.
Retractable Technologies Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
PB Ratio
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
0.46
0.49
0.33
0.36
0.34
Competitive Comparison
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.
Retractable Technologies PB Ratio Distribution
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.
Retractable Technologies 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.
Retractable Technologies's PB Ratio for today is calculated as follows:
* 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:
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
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.
Retractable Technologies PB Ratio Related Terms
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.
Retractable Technologies (Retractable Technologies) Business Description
Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession. The company's products are the VanishPoint 0.5mL insulin syringe; 1mL tuberculin, insulin, and allergy antigen syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL, and 10mL syringes; the small diameter tube adapter; the blood collection tube holder; the allergy tray; the IV safety catheter; the Patient Safe syringes; the Patient Safe Luer Cap; the VanishPoint Blood Collection Set; and the EasyPoint needle, as well as a standard 3mL syringe packaged with an EasyPoint needle. The company also sells VanishPoint autodisable syringes in the international market in addition to its other products.
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