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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 (2024-05-11), Laser Photonics's share price is $2.40. Laser Photonics's Book Value per Share for the quarter that ended in Dec. 2023 was $1.46. Hence, Laser Photonics's PB Ratio of today is 1.65.
The historical rank and industry rank for Laser Photonics's PB Ratio or its related term are showing as below:
During the past 5 years, Laser Photonics's highest PB Ratio was 5.98. The lowest was 0.36. And the median was 1.40.
During the past 12 months, Laser Photonics's average Book Value Per Share Growth Rate was -33.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 29.50% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Laser Photonics was 179.10% per year. The lowest was 29.50% per year. And the median was 104.30% per year.
The historical data trend for Laser Photonics'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.
Laser Photonics Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
PB Ratio | - | - | - | 0.94 | 0.81 |
Laser Photonics Quarterly Data | |||||||||||||||||||
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 | 0.94 | 2.29 | 1.49 | 0.72 | 0.81 |
For the Specialty Industrial Machinery subindustry, Laser Photonics'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 Industrial Products industry and Industrials sector, Laser Photonics's PB Ratio distribution charts can be found below:
* The bar in red indicates where Laser Photonics'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.
Laser Photonics's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Dec. 2023) |
= | 2.40 | / | 1.457 | |
= | 1.65 |
* 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.
Laser Photonics (NAS:LASE) 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 Laser Photonics's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dmitriy Nikitin | 10 percent owner | 400 RINEHART ROAD #1000, LAKE MARY FL 32746 |
Tatiana Nikitina | director, officer: Secretary, Marketing Director | 3217 YATTIKA PLACE, LONGWOOD FL 32779 |
Arnold Bykov | director, officer: Chief Design Engineer | 400 RINEHART ROAD #1000, LAKE MARY FL 32746 |
Wayne Tupuola | director, officer: Chief Executive Officer | C/O MABWE MINERALS INC, 400 RINEHART ROAD, #1000, LAKE MARY FL 32746 |
Ict Investments Llc | 10 percent owner | 3217 YUTTKA PLACE, LONGWOOD FL 32779 |
Tim Schick | officer: VP Finance | 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810 |
Ryan Tennyson | director | 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810 |
Glenn Peterson | director | 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810 |
Igor Vodopiyanov | officer: VP R&D and Product Development | 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810 |
Shara Pathak | director | 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810 |
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