GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Innovent Biologics Inc (OTCPK:IVBIY) » Definitions » PB Ratio

IVBIY (Innovent Biologics) PB Ratio : 4.55 (As of Dec. 13, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Innovent Biologics 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 (2024-12-13), Innovent Biologics's share price is $19.15. Innovent Biologics's Book Value per Share for the quarter that ended in Jun. 2024 was $4.21. Hence, Innovent Biologics's PB Ratio of today is 4.55.

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

IVBIY' s PB Ratio Range Over the Past 10 Years
Min: 2.15   Med: 5.69   Max: 17.4
Current: 4.76

During the past 8 years, Innovent Biologics's highest PB Ratio was 17.40. The lowest was 2.15. And the median was 5.69.

IVBIY's PB Ratio is ranked worse than
72.87% of 1279 companies
in the Biotechnology industry
Industry Median: 2.48 vs IVBIY: 4.76

During the past 12 months, Innovent Biologics's average Book Value Per Share Growth Rate was 7.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 17.40% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Innovent Biologics was 27.90% per year. The lowest was 4.40% per year. And the median was 23.00% per year.

Back to Basics: PB Ratio


Innovent Biologics PB Ratio Historical Data

The historical data trend for Innovent Biologics'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.

Innovent Biologics PB Ratio Chart

Innovent Biologics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial 6.05 3.40 2.93 3.24 4.83

Innovent Biologics Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.33 3.24 3.33 4.83 4.68

Competitive Comparison of Innovent Biologics's PB Ratio

For the Biotechnology subindustry, Innovent Biologics'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.


Innovent Biologics's PB Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Innovent Biologics's PB Ratio distribution charts can be found below:

* The bar in red indicates where Innovent Biologics's PB Ratio falls into.



Innovent Biologics 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.

Innovent Biologics's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2024)
=19.15/4.207
=4.55

* 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.


Innovent Biologics  (OTCPK:IVBIY) 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.


Innovent Biologics PB Ratio Related Terms

Thank you for viewing the detailed overview of Innovent Biologics's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Innovent Biologics Business Description

Traded in Other Exchanges
Address
168 Dongping Street, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123
Innovent Biologics, or Innovent, is one of the leading biotechnology companies in China. Listed on the Hong Kong Exchange in 2018, Innovent has eight commercialized oncology products and two commercialized non-oncology products as of August 2023. Its core asset is Tyvyt, a PD-1 inhibitor included in the National Reimbursement Drug Lists for the first-line treatment of five major cancers. Innovent has over 30 strategic collaborations with global pharmaceutical or biotech companies, such as Eli Lilly, Roche Group, Incyte, and others. It also has a wide spectrum of therapeutic targets in early clinical developments. Among its upcoming pipelines, the potential blockbuster is Mazdutide, a therapy for obesity and type 2 diabetes.

Innovent Biologics Headlines

From GuruFocus