Carmit Candy Industries (XTAE:CRMT) PB Ratio : 0.79 (As of May. 15, 2024)

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What is Carmit Candy Industries 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 (2024-05-15), Carmit Candy Industries's share price is ₪10.30. Carmit Candy Industries's Book Value per Share for the quarter that ended in Dec. 2023 was ₪13.05. Hence, Carmit Candy Industries's PB Ratio of today is 0.79.

The historical rank and industry rank for Carmit Candy Industries's PB Ratio or its related term are showing as below:

XTAE:CRMT' s PB Ratio Range Over the Past 10 Years
Min: 0.52 Med: 0.96 Max: 1.72
Current: 0.79

During the past 8 years, Carmit Candy Industries's highest PB Ratio was 1.72. The lowest was 0.52. And the median was 0.96.

XTAE:CRMT's PB Ratio is ranked better than
76.29% of 1801 companies
in the Consumer Packaged Goods industry
Industry Median: 1.54 vs XTAE:CRMT: 0.79

During the past 12 months, Carmit Candy Industries's average Book Value Per Share Growth Rate was 1.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.10% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Carmit Candy Industries was 8.80% per year. The lowest was -3.50% per year. And the median was -0.45% per year.

Back to Basics: PB Ratio

Carmit Candy Industries PB Ratio Historical Data

The historical data trend for Carmit Candy Industries'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.

Carmit Candy Industries PB Ratio Chart

Carmit Candy Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.94

1.11

1.35

0.95

0.73

Carmit Candy Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial									1.35	1.14	0.95	0.51	0.73

Competitive Comparison of Carmit Candy Industries's PB Ratio

For the Confectioners subindustry, Carmit Candy Industries'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.

Carmit Candy Industries's PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Carmit Candy Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Carmit Candy Industries's PB Ratio falls into.

Carmit Candy Industries 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.

Carmit Candy Industries's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	10.30	/	13.051
	=	0.79

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.

Carmit Candy Industries (XTAE:CRMT) 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.

Carmit Candy Industries PB Ratio Related Terms

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Carmit Candy Industries (XTAE:CRMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Hahagana Street, Rishon Lezion, ISR, 75706

Website

http://www.carmit.co.il

Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.