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Carrier Global (NYSE:CARR) PB Ratio

: 5.47 (As of Today)
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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 (2024-03-02), Carrier Global's share price is $56.46. Carrier Global's Book Value per Share for the quarter that ended in Dec. 2023 was $10.33. Hence, Carrier Global's PB Ratio of today is 5.47.

The historical rank and industry rank for Carrier Global's PB Ratio or its related term are showing as below:

CARR' s PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 5.5   Max: 7.57
Current: 5.47

During the past 7 years, Carrier Global's highest PB Ratio was 7.57. The lowest was 0.78. And the median was 5.50.

CARR's PB Ratio is ranked worse than
90.9% of 1604 companies
in the Construction industry
Industry Median: 1.21 vs CARR: 5.47

During the past 12 months, Carrier Global's average Book Value Per Share Growth Rate was 11.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -10.20% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Carrier Global was 12.80% per year. The lowest was -21.10% per year. And the median was -17.00% per year.

Back to Basics: PB Ratio


Carrier Global PB Ratio Historical Data

The historical data trend for Carrier Global'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.

Carrier Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Premium Member Only Premium Member Only - 5.24 6.92 4.44 5.56

Carrier Global Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.44 4.70 5.22 5.66 5.56

Competitive Comparison

For the Building Products & Equipment subindustry, Carrier Global'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.


Carrier Global PB Ratio Distribution

For the Construction industry and Industrials sector, Carrier Global's PB Ratio distribution charts can be found below:

* The bar in red indicates where Carrier Global's PB Ratio falls into.



Carrier Global 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.

Carrier Global's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=56.46/10.331
=5.47

* 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.


Carrier Global  (NYSE:CARR) 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.


Carrier Global PB Ratio Related Terms

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


Carrier Global (NYSE:CARR) Business Description

Address
13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418
Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also announced the pending acquisition of Germany-based Viessmann for approximately $13 billion.
Executives
Ajay Agrawal officer: VP, Strategy & Services 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Kyle Crockett officer: Vice President, Controller 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Jurgen Timperman officer: President, Fire & Security 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Kevin J. O'connor officer: VP, Chief Legal Officer 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Susan N Story director ONE ENERGY PLACE, PENSCOLA FL 32520
Timothy N White officer: President, Refrigeration 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Christopher John Nelson officer: President, HVAC 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
David Appel officer: President, Refrigeration 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS GA 33418
Beth Wozniak director 555 WAYZATA BLVD. SUITE 600, MINNEAPOLIS MN 55419
Patrick P. Goris officer: Senior Vice President & CFO 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
John J Greisch director C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873
David L. Gitlin officer: President and CEO UNITED TECHNOLOGIES CORPORATION, 10 FARM SPRINGS ROAD, FARMINGTON CT 06032
Jean Pierre Garnier director UNITED TECHNOLOGIES CORP, 10 FARM SPRINGS ROAD, FARMINGTON CT 06032
Virginia M Wilson director WYNDHAM WORLDWIDE CORPORATION, 7 SYLVAN WAY, PARSIPPANY NJ 07054
Nadia Villeneuve officer: See Remarks 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418