Oceana Group (JSE:OCE) PB Ratio : 1.13 (As of May. 16, 2024)

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What is Oceana Group 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 (2024-05-16), Oceana Group's share price is R73.15. Oceana Group's Book Value per Share for the quarter that ended in Sep. 2023 was R64.67. Hence, Oceana Group's PB Ratio of today is 1.13.

Good Sign:

Oceana Group Ltd stock PB Ratio (=1.12) is close to 1-year low of 1.01

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

JSE:OCE' s PB Ratio Range Over the Past 10 Years
Min: 0.95 Med: 2.09 Max: 6.89
Current: 1.13

During the past 13 years, Oceana Group's highest PB Ratio was 6.89. The lowest was 0.95. And the median was 2.09.

JSE:OCE's PB Ratio is ranked better than
62.82% of 1802 companies
in the Consumer Packaged Goods industry
Industry Median: 1.54 vs JSE:OCE: 1.13

During the past 12 months, Oceana Group's average Book Value Per Share Growth Rate was 15.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 9.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 13.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Oceana Group was 26.00% per year. The lowest was 3.40% per year. And the median was 10.00% per year.

Back to Basics: PB Ratio

Oceana Group PB Ratio Historical Data

The historical data trend for Oceana Group'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.

Oceana Group PB Ratio Chart

Oceana Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

PB Ratio

Get a 7-Day Free Trial

1.61

1.26

1.52

0.95

1.17

Oceana Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
PB Ratio	Get a 7-Day Free Trial															1.52	1.36	0.95	1.27	1.17

Competitive Comparison of Oceana Group's PB Ratio

For the Packaged Foods subindustry, Oceana Group'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.

Oceana Group's PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oceana Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Oceana Group's PB Ratio falls into.

Oceana Group 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.

Oceana Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	73.15	/	64.674
	=	1.13

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.

Oceana Group (JSE:OCE) 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.

Oceana Group PB Ratio Related Terms

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

Oceana Group (JSE:OCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oceana Group Ltd (JSE:OCE) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

OCGPF:USA OCG:Namibia O1F:Germany

Address

25 Jan Smuts Street, 9th Floor, Oceana House, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.oceana.co.za

Oceana Group Ltd is an African fishing company focused on catching, procuring, processing, marketing, and distributing canned fish, fishmeal, fish oil, lobster, horse mackerel, squid, and hake. Oceana Group also provides refrigerated warehouse facilities and logistical support services. The company's principal market is the lower-end consumer who prefers canned fish and horse mackerel. The majority of Oceana Group's revenue is derived from South Africa and Nambia. The company operates through four segments: Canned Fish and Fishmeal (Africa), which contributes the majority portion of revenue; Fishmeal and Fish Oil (USA); Horse Mackerel, Hake, Lobster, and Squid; and Commercial Cold Storage Logistics.

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