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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 (2024-04-23), Spruce Power Holding's share price is $4.31. Spruce Power Holding's Book Value per Share for the quarter that ended in Dec. 2023 was $11.61. Hence, Spruce Power Holding's PB Ratio of today is 0.37.
The historical rank and industry rank for Spruce Power Holding's PB Ratio or its related term are showing as below:
During the past 5 years, Spruce Power Holding's highest PB Ratio was 16.50. The lowest was 0.26. And the median was 0.53.
During the past 12 months, Spruce Power Holding's average Book Value Per Share Growth Rate was -25.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.30% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Spruce Power Holding was 0.30% per year. The lowest was 0.30% per year. And the median was 0.30% per year.
The historical data trend for Spruce Power Holding'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.
Spruce Power Holding Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
PB Ratio | - | 16.50 | 1.29 | 0.47 | 0.38 |
Spruce Power Holding Quarterly Data | |||||||||||||||||
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 | 0.47 | 0.47 | 0.46 | 0.41 | 0.38 |
For the Solar subindustry, Spruce Power Holding'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 Semiconductors industry and Technology sector, Spruce Power Holding's PB Ratio distribution charts can be found below:
* The bar in red indicates where Spruce Power Holding'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.
Spruce Power Holding's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Dec. 2023) |
= | 4.31 | / | 11.608 | |
= | 0.37 |
* 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.
Spruce Power Holding (NYSE:SPRU) 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 Spruce Power Holding's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Christian S. Fong | director, officer: President and CEO | 7550 WISCONSIN AVENUE, 9TH FLOOR, BETHESDA MD 20814 |
Jonathan J Ledecky | director | C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005 |
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Eric M. Tech | director, officer: CEO | 2701 NAVISTAR DRIVE, LISLE IL 60532 |
Jonathan M Norling | officer: Chief Legal Officer | 820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024 |
Sarah Weber Wells | officer: SVP of Fin & Acc & Sustain' | 820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024 |
John P. Miller | director | 26W073 MOHICAN DRIVE, WHEATON IL 60189 |
Stacey Constas | officer: General Counsel | 47000 LIBERTY DRIVE, WIXOM MI 48393 |
Michael Kenhard | officer: CTO and VP of Engineering | 47000 LIBERTY DRIVE, WIXOM MI 48393 |
Calhoun Colleen | officer: VP / GM of XL Grid | 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067 |
Donald P Klein | officer: Chief Financial Officer | 201 MITTEL DRIVE, WOOD DALE IL 60191 |
Cielo Hernandez | officer: Chief Financial Officer | C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135 |
Berklas James P Jr | officer: General Counsel | 123 MAIN STREET, BRISTOL CT 06010 |
Sarah Sclarsic | director | C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174 |
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