FLYHT Aerospace Solutions (TSXV:FLY) PB Ratio : 16.43 (As of May. 09, 2024)

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What is FLYHT Aerospace Solutions 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 (2024-05-09), FLYHT Aerospace Solutions's share price is C$0.46. FLYHT Aerospace Solutions's Book Value per Share for the quarter that ended in Dec. 2023 was C$0.03. Hence, FLYHT Aerospace Solutions's PB Ratio of today is 16.43.

The historical rank and industry rank for FLYHT Aerospace Solutions's PB Ratio or its related term are showing as below:

TSXV:FLY' s PB Ratio Range Over the Past 10 Years
Min: 1.83 Med: 20.18 Max: 165
Current: 16.43

During the past 13 years, FLYHT Aerospace Solutions's highest PB Ratio was 165.00. The lowest was 1.83. And the median was 20.18.

TSXV:FLY's PB Ratio is ranked worse than
96.86% of 287 companies
in the Aerospace & Defense industry
Industry Median: 2.64 vs TSXV:FLY: 16.43

During the past 12 months, FLYHT Aerospace Solutions's average Book Value Per Share Growth Rate was -77.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -35.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of FLYHT Aerospace Solutions was 84.80% per year. The lowest was -35.60% per year. And the median was 4.80% per year.

Back to Basics: PB Ratio

FLYHT Aerospace Solutions PB Ratio Historical Data

The historical data trend for FLYHT Aerospace Solutions'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.

FLYHT Aerospace Solutions PB Ratio Chart

FLYHT Aerospace Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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6.22

6.48

6.79

9.13

25.71

FLYHT Aerospace Solutions 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															9.13	9.30	-	12.15	25.71

Competitive Comparison of FLYHT Aerospace Solutions's PB Ratio

For the Aerospace & Defense subindustry, FLYHT Aerospace Solutions'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.

FLYHT Aerospace Solutions's PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, FLYHT Aerospace Solutions's PB Ratio distribution charts can be found below:

* The bar in red indicates where FLYHT Aerospace Solutions's PB Ratio falls into.

FLYHT Aerospace Solutions 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.

FLYHT Aerospace Solutions's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.46	/	0.028
	=	16.43

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.

FLYHT Aerospace Solutions (TSXV:FLY) 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.

FLYHT Aerospace Solutions PB Ratio Related Terms

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FLYHT Aerospace Solutions (TSXV:FLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » FLYHT Aerospace Solutions Ltd (TSXV:FLY) » Definitions » PB Ratio

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FLYLF:USA

Address

1212 – 31 Avenue Northeast, Suite 500, Calgary, AB, CAN, T2E 7S8

Website

https://www.flyht.com

FLYHT Aerospace Solutions Ltd provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft-certified hardware products, including AFIRS, the AFIRS Edge, TAMDAR and FLYHT-WVSS-II. The company's product and services include SaaS, Hardware, Licensing and Technical Services. Geographically, the company operates in United States & Mexico, Asia, China, Middle East, Canada, Australia, Africa, Europe and South/Central America.