Mieco Chipboard Bhd (XKLS:5001) PB Ratio : 1.90 (As of May. 06, 2024)

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What is Mieco Chipboard Bhd 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 (2024-05-06), Mieco Chipboard Bhd's share price is RM0.65. Mieco Chipboard Bhd's Book Value per Share for the quarter that ended in Sep. 2023 was RM0.34. Hence, Mieco Chipboard Bhd's PB Ratio of today is 1.90.

Warning Sign:

Mieco Chipboard Bhd stock PB Ratio (=1.9) is close to 10-year high of 1.9

The historical rank and industry rank for Mieco Chipboard Bhd's PB Ratio or its related term are showing as below:

XKLS:5001' s PB Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.67 Max: 1.9
Current: 1.9

During the past 13 years, Mieco Chipboard Bhd's highest PB Ratio was 1.90. The lowest was 0.22. And the median was 0.67.

XKLS:5001's PB Ratio is ranked worse than
79.51% of 283 companies
in the Forest Products industry
Industry Median: 0.97 vs XKLS:5001: 1.90

During the past 12 months, Mieco Chipboard Bhd's average Book Value Per Share Growth Rate was -17.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mieco Chipboard Bhd was 13.80% per year. The lowest was -7.10% per year. And the median was -1.95% per year.

Back to Basics: PB Ratio

Mieco Chipboard Bhd PB Ratio Historical Data

The historical data trend for Mieco Chipboard Bhd'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.

Mieco Chipboard Bhd PB Ratio Chart

Mieco Chipboard Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

PB Ratio

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0.39

0.44

1.42

1.30

1.66

Mieco Chipboard Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
PB Ratio	Get a 7-Day Free Trial															1.44	1.66	1.55	1.62	1.92

Competitive Comparison of Mieco Chipboard Bhd's PB Ratio

For the Lumber & Wood Production subindustry, Mieco Chipboard Bhd'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.

Mieco Chipboard Bhd's PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mieco Chipboard Bhd's PB Ratio distribution charts can be found below:

* The bar in red indicates where Mieco Chipboard Bhd's PB Ratio falls into.

Mieco Chipboard Bhd 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.

Mieco Chipboard Bhd's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	0.65	/	0.343
	=	1.90

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.

Mieco Chipboard Bhd (XKLS:5001) 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.

Mieco Chipboard Bhd PB Ratio Related Terms

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

Mieco Chipboard Bhd (XKLS:5001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mieco Chipboard Bhd (XKLS:5001) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Indah 2/6, No. 1, Block C, Taman Indah, Batu 11, Cheras, SGR, MYS, 43200

Website

https://www.mieco.com.my

Mieco Chipboard Bhd is an investment holding company. It is also engaged in the provision of management services. The core business includes the manufacturing and distribution of particle boards also known as chipboards, with the primary focus on plain boards and melamine-faced boards. In addition, its other operation comprises investment holding. Its product includes mieco plain board and mieco decorative melamine-faced chipboard. These products are commonly used as core materials for home and office furniture. Geographically company operates across Malaysia, Hong Kong, and China.

Mieco Chipboard Bhd (XKLS:5001) Headlines

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