Comet Holding AG (XSWX:COTN) PB Ratio : 6.85 (As of Dec. 15, 2024)

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What is Comet Holding AG 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 (2024-12-15), Comet Holding AG's share price is CHF263.50. Comet Holding AG's Book Value per Share for the quarter that ended in Jun. 2024 was CHF38.49. Hence, Comet Holding AG's PB Ratio of today is 6.85.

Good Sign:

Comet Holding AG stock PB Ratio (=6.85) is close to 1-year low of 6.22

The historical rank and industry rank for Comet Holding AG's PB Ratio or its related term are showing as below:

XSWX:COTN' s PB Ratio Range Over the Past 10 Years
Min: 2.71 Med: 5.09 Max: 13.26
Current: 6.85

During the past 13 years, Comet Holding AG's highest PB Ratio was 13.26. The lowest was 2.71. And the median was 5.09.

XSWX:COTN's PB Ratio is ranked worse than
91.18% of 2380 companies
in the Hardware industry
Industry Median: 1.995 vs XSWX:COTN: 6.85

During the past 12 months, Comet Holding AG's average Book Value Per Share Growth Rate was 1.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 11.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Comet Holding AG was 19.10% per year. The lowest was -5.10% per year. And the median was 6.80% per year.

Back to Basics: PB Ratio

Comet Holding AG PB Ratio Historical Data

The historical data trend for Comet Holding AG'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.

Comet Holding AG PB Ratio Chart

Comet Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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4.86

7.16

9.51

4.59

6.96

Comet Holding AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
PB Ratio	Get a 7-Day Free Trial															4.16	4.59	6.00	6.96	9.41

Competitive Comparison of Comet Holding AG's PB Ratio

For the Scientific & Technical Instruments subindustry, Comet Holding AG'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.

Comet Holding AG's PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Comet Holding AG's PB Ratio distribution charts can be found below:

* The bar in red indicates where Comet Holding AG's PB Ratio falls into.

Comet Holding AG 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.

Comet Holding AG's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2024)
	=	263.50	/	38.488
	=	6.85

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.

Comet Holding AG (XSWX:COTN) 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.

Comet Holding AG PB Ratio Related Terms

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Comet Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Comet Holding AG (XSWX:COTN) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

COTNz:UK 0ROQ:UK

Address

Herrengasse 10, P.O. Box 141, Flamatt, CHE, 3175

Website

http://www.comet-group.com

Comet Holding AG is a vendor of x-ray, radio frequency (RF) power and ebeam technology. It markets its systems and services, under the Comet, Yxlon and ebeam brands. Yxlon x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace, electronics and energy sectors. Under the Comet brand, the group builds components and modules such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks, marketed to manufacturers in the automotive, aerospace, semiconductor and solar industries as well as the security sector. The Group has three operating divisions: Plasma Control Technologies (PCT); X-Ray Systems (IXS) and Industrial X-Ray Modules (IXM).

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