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PNM Resources (FRA:98P) PB Ratio

: 1.41 (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 (2024-04-19), PNM Resources's share price is €33.60. PNM Resources's Book Value per Share for the quarter that ended in Dec. 2023 was €23.88. Hence, PNM Resources's PB Ratio of today is 1.41.

Good Sign:

PNM Resources Inc stock PB Ratio (=1.38) is close to 5-year low of 1.37

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

FRA:98P' s PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.78   Max: 2.65
Current: 1.38

During the past 13 years, PNM Resources's highest PB Ratio was 2.65. The lowest was 1.04. And the median was 1.78.

FRA:98P's PB Ratio is ranked worse than
50.29% of 511 companies
in the Utilities - Regulated industry
Industry Median: 1.38 vs FRA:98P: 1.38

During the past 12 months, PNM Resources's average Book Value Per Share Growth Rate was 2.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of PNM Resources was 8.60% per year. The lowest was -6.80% per year. And the median was 3.95% per year.

Back to Basics: PB Ratio


PNM Resources PB Ratio Historical Data

The historical data trend for PNM Resources'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.

PNM Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.37 2.01 1.80 1.90 1.57

PNM Resources 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 1.90 1.85 1.70 1.71 1.57

Competitive Comparison

For the Utilities - Regulated Electric subindustry, PNM Resources'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.


PNM Resources PB Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, PNM Resources's PB Ratio distribution charts can be found below:

* The bar in red indicates where PNM Resources's PB Ratio falls into.



PNM Resources 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.

PNM Resources's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=33.60/23.881
=1.41

* 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.


PNM Resources  (FRA:98P) 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.


PNM Resources PB Ratio Related Terms

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


PNM Resources (FRA:98P) Business Description

Traded in Other Exchanges
Address
414 Silver Avenue SW, Albuquerque, NM, USA, 87102-3289
PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.

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