Promimic AB (OSTO:PRO) PB Ratio : 8.77 (As of May. 28, 2024)

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What is Promimic AB 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 (2024-05-28), Promimic AB's share price is kr34.30. Promimic AB's Book Value per Share for the quarter that ended in Mar. 2024 was kr3.91. Hence, Promimic AB's PB Ratio of today is 8.77.

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

OSTO:PRO' s PB Ratio Range Over the Past 10 Years
Min: 2.4 Med: 6.59 Max: 8.77
Current: 8.77

During the past 5 years, Promimic AB's highest PB Ratio was 8.77. The lowest was 2.40. And the median was 6.59.

OSTO:PRO's PB Ratio is ranked worse than
90.13% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 2.25 vs OSTO:PRO: 8.77

During the past 12 months, Promimic AB's average Book Value Per Share Growth Rate was -7.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 24.20% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Promimic AB was 43.60% per year. The lowest was 24.20% per year. And the median was 33.90% per year.

Back to Basics: PB Ratio

Promimic AB PB Ratio Historical Data

The historical data trend for Promimic AB'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.

Promimic AB PB Ratio Chart

Promimic AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

2.63

7.95

Promimic AB Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial								3.66	5.69	6.52	7.95	7.87

Competitive Comparison of Promimic AB's PB Ratio

For the Medical Devices subindustry, Promimic AB'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.

Promimic AB's PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Promimic AB's PB Ratio distribution charts can be found below:

* The bar in red indicates where Promimic AB's PB Ratio falls into.

Promimic AB 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.

Promimic AB's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	34.30	/	3.913
	=	8.77

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.

Promimic AB (OSTO:PRO) 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.

Promimic AB PB Ratio Related Terms

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