Akoustis Technologies (FRA:AVH) PB Ratio : 0.71 (As of May. 11, 2024)

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What is Akoustis Technologies PB Ratio?

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 (2024-05-11), Akoustis Technologies's share price is €0.466. Akoustis Technologies's Book Value per Share for the quarter that ended in Dec. 2023 was €0.65. Hence, Akoustis Technologies's PB Ratio of today is 0.71.

The historical rank and industry rank for Akoustis Technologies's PB Ratio or its related term are showing as below:

FRA:AVH' s PB Ratio Range Over the Past 10 Years
Min: 0.53 Med: 6.41 Max: 23.73
Current: 0.8

During the past 11 years, Akoustis Technologies's highest PB Ratio was 23.73. The lowest was 0.53. And the median was 6.41.

FRA:AVH's PB Ratio is ranked better than
83.24% of 2387 companies
in the Hardware industry
Industry Median: 1.88 vs FRA:AVH: 0.80

During the past 12 months, Akoustis Technologies's average Book Value Per Share Growth Rate was -47.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 19.50% per year.

During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Akoustis Technologies was 823.30% per year. The lowest was 3.10% per year. And the median was 28.10% per year.

Back to Basics: PB Ratio

Akoustis Technologies PB Ratio Historical Data

The historical data trend for Akoustis 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.

Akoustis Technologies PB Ratio Chart

Akoustis Technologies Annual Data

Trend

Jul14

Jun15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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6.67

7.42

4.76

2.06

2.57

Akoustis 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															1.96	2.12	2.57	0.76	1.20

Competitive Comparison of Akoustis Technologies's PB Ratio

For the Communication Equipment subindustry, Akoustis 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.

Akoustis Technologies's PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Akoustis Technologies's PB Ratio distribution charts can be found below:

* The bar in red indicates where Akoustis Technologies's PB Ratio falls into.

Akoustis 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.

Akoustis Technologies's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.466	/	0.654
	=	0.71

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.

Akoustis Technologies (FRA:AVH) 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.

Akoustis Technologies PB Ratio Related Terms

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Akoustis Technologies (FRA:AVH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Akoustis Technologies Inc (FRA:AVH) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

AKTS:USA AVH:Germany

Address

9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078

Website

https://www.akoustis.com

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

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