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Stewart Enterprises, Inc. (NAS:STEI)
P/B Ratio
2.38 (As of Today)

As of today, Stewart Enterprises, Inc.'s share price is \$13.25. Stewart Enterprises, Inc.'s Book Value per Share for the quarter that ended in Jul. 2013 was \$5.57. Hence, Stewart Enterprises, Inc.'s P/B Ratio of today is 2.38.

Definition

Stewart Enterprises, Inc.'s P/B ratio for today is calculated as follows:

 P/B Ratio = Share Price / Book Value per Share (Q: Jul. 2013) = 13.25 / 5.57 = 2.38

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

It can also be calculated from the numbers for the whole company:

 P/B Ratio = Market Cap / (Total Equity - Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book Ratio. The difference between Price-to-Tangible-Book Ratio and Price-to-Book Ratio is that book value other than intangibles are used in the calculation.

Explanation

Unlike valuation ratios relative to the earning power such as P/E ratio, P/S ratio or Price-to-Free-Cash-Flow ratio, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book 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 Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Stewart Enterprises, Inc. Annual Data

 Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 pb 1.18 1.26 1.45 2.11 1.30 1.09 1.20 1.32 1.55 2.51

Stewart Enterprises, Inc. Quarterly Data

 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 pb 1.44 1.32 1.26 1.23 1.37 1.55 1.60 1.62 2.36 2.51
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