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 (2024-04-25), Taitron Components's share price is $3.1801. Taitron Components's Book Value per Share for the quarter that ended in Dec. 2023 was $2.80. Hence, Taitron Components's PB Ratio of today is 1.14.
Good Sign:
Taitron Components Inc stock PB Ratio (=1.14) is close to 3-year low of 1.12
The historical rank and industry rank for Taitron Components's PB Ratio or its related term are showing as below:
TAIT'
s PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.88 Max: 2.78
Current: 1.14
During the past 13 years, Taitron Components's highest PB Ratio was 2.78. The lowest was 0.30. And the median was 0.88.
TAIT's PB Ratio is ranked better than 71.2% of 2392
companies
in the Hardware industry
Industry Median: 1.83
vs TAIT: 1.14
During the past 12 months, Taitron Components's average Book Value Per Share Growth Rate was 3.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Taitron Components was 89.50% per year. The lowest was -11.50% per year. And the median was -0.75% per year.
Back to Basics: PB Ratio
Taitron Components PB Ratio Historical Data
The historical data trend for Taitron Components'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.
Competitive Comparison of Taitron Components's PB Ratio
For the Electronics & Computer Distribution subindustry, Taitron Components'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.
Taitron Components's PB Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Taitron Components's PB Ratio distribution charts can be found below:
* The bar in red indicates where Taitron Components's PB Ratio falls into.
Taitron Components 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.
Taitron Components'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.
Taitron Components (NAS:TAIT) 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.
Taitron Components PB Ratio Related Terms
Thank you for viewing the detailed overview of Taitron Components's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Taitron Components (Taitron Components) Business Description
Taitron Components Inc is a supplier of originally designed and manufactured (ODM) products that include value-added engineering and turn-key solutions. It focuses on providing original equipment manufacturers (OEMs) and contracts electronic manufacturers (CEMs) with ODM products for their multi-year turn-key projects and ODM electronic components. Its product offerings range from discrete semiconductors to small electronic devices. The company also distributes brand-name electronic components with a vast inventory available on hand. Its Taiwan and China locations provide support for inventory sourcing, purchases, and coordinating the manufacture of ODM Projects and ODM Components.
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