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 (2024-04-24), Air Industries Group's share price is $4.95. Air Industries Group's Book Value per Share for the quarter that ended in Dec. 2023 was $4.60. Hence, Air Industries Group's PB Ratio of today is 1.08.
The historical rank and industry rank for Air Industries Group's PB Ratio or its related term are showing as below:
AIRI'
s PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 2.1 Max: 8.09
Current: 1.08
During the past 13 years, Air Industries Group's highest PB Ratio was 8.09. The lowest was 0.40. And the median was 2.10.
AIRI's PB Ratio is ranked better than 83.33% of 288
companies
in the Aerospace & Defense industry
Industry Median: 2.63
vs AIRI: 1.08
During the past 12 months, Air Industries Group's average Book Value Per Share Growth Rate was -11.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -23.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Air Industries Group was 45.00% per year. The lowest was -69.90% per year. And the median was -14.50% per year.
Back to Basics: PB Ratio
Air Industries Group PB Ratio Historical Data
The historical data trend for Air Industries Group'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.
Competitive Comparison of Air Industries Group's PB Ratio
For the Aerospace & Defense subindustry, Air Industries Group'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.
Air Industries Group's PB Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Air Industries Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Air Industries Group's PB Ratio falls into.
Air Industries Group 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.
Air Industries Group's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
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.
Air Industries Group (AMEX:AIRI) PB Ratio Explanation
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.
Air Industries Group PB Ratio Related Terms
Thank you for viewing the detailed overview of Air Industries Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Air Industries Group (Air Industries Group) Business Description
Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.
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