Costco Wholesale (LTS:0I47) PB Ratio

: 9.98 (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), Costco Wholesale's share price is $467.38. Costco Wholesale's Book Value per Share for the quarter that ended in Feb. 2024 was $46.81. Hence, Costco Wholesale's PB Ratio of today is 9.98.

Warning Sign:

Costco Wholesale Corp stock PB Ratio (=15.19) is close to 10-year high of 15.7

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

LTS:0I47' s PB Ratio Range Over the Past 10 Years
Min: 4.23 Med: 7.62 Max: 15.7
Current: 15.19

During the past 13 years, Costco Wholesale's highest PB Ratio was 15.70. The lowest was 4.23. And the median was 7.62.

LTS:0I47's PB Ratio is ranked worse than
97.99% of 298 companies
in the Retail - Defensive industry
Industry Median: 1.665 vs LTS:0I47: 15.19

During the past 12 months, Costco Wholesale's average Book Value Per Share Growth Rate was -8.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 12.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Costco Wholesale was 50.90% per year. The lowest was -5.40% per year. And the median was 10.90% per year.

Back to Basics: PB Ratio

Costco Wholesale PB Ratio Historical Data

The historical data trend for Costco Wholesale'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.

Costco Wholesale Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

PB Ratio

8.39

11.39

10.02

8.26

Costco Wholesale Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
PB Ratio																9.09	8.79	8.26	7.93	9.98

Competitive Comparison

For the Discount Stores subindustry, Costco Wholesale'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.

Costco Wholesale PB Ratio Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Costco Wholesale's PB Ratio distribution charts can be found below:

* The bar in red indicates where Costco Wholesale's PB Ratio falls into.

Costco Wholesale 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.

Costco Wholesale's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Feb. 2024)
	=	467.38	/	46.809
	=	9.98

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.

Costco Wholesale (LTS:0I47) 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.

Costco Wholesale PB Ratio Related Terms

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

Costco Wholesale (LTS:0I47) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Costco Wholesale Corp (LTS:0I47) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

COST:USA COST:Mexico CTO0:Germany COST:Chile COST:Canada COWC34:Brazil COST:Argentina

Address

999 Lake Drive, Issaquah, WA, USA, 98027

Website

https://www.costco.com

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.

Costco Wholesale (LTS:0I47) Headlines

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