Meridian Energy (Meridian Energy) PB Ratio : 2.33 (As of Apr. 28, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Meridian Energy 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 (2024-04-28), Meridian Energy's share price is $3.30. Meridian Energy's Book Value per Share for the quarter that ended in Dec. 2023 was $1.42. Hence, Meridian Energy's PB Ratio of today is 2.33.

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

MDDNF' s PB Ratio Range Over the Past 10 Years
Min: 0.48 Med: 1.91 Max: 4.61
Current: 2.6

During the past 13 years, Meridian Energy's highest PB Ratio was 4.61. The lowest was 0.48. And the median was 1.91.

MDDNF's PB Ratio is ranked worse than
77.48% of 413 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.21 vs MDDNF: 2.60

During the past 12 months, Meridian Energy's average Book Value Per Share Growth Rate was -1.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -0.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Meridian Energy was 5.30% per year. The lowest was -16.30% per year. And the median was 0.35% per year.

Back to Basics: PB Ratio

Meridian Energy PB Ratio Historical Data

The historical data trend for Meridian Energy'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.

Meridian Energy PB Ratio Chart

Meridian Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

Get a 7-Day Free Trial

2.11

2.27

2.66

2.10

2.27

Meridian Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															2.44	2.10	2.19	2.27	2.33

Competitive Comparison of Meridian Energy's PB Ratio

For the Utilities - Renewable subindustry, Meridian Energy'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.

Meridian Energy's PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's PB Ratio distribution charts can be found below:

* The bar in red indicates where Meridian Energy's PB Ratio falls into.

Meridian Energy 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.

Meridian Energy's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	3.30	/	1.418
	=	2.33

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.

Meridian Energy (OTCPK:MDDNF) 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.

Meridian Energy PB Ratio Related Terms

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

Meridian Energy (Meridian Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Meridian Energy Ltd (OTCPK:MDDNF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

MEL:New Zealand 15M1:Germany MEZ:Australia

Address

287-293 Durham Street North, Christchurch Central, Christchurch, STL, NZL, 8013

Website

https://www.meridianenergy.co.nz

Meridian is New Zealand's largest electricity generator, operating hydro stations and wind farms in New Zealand. Nearly 90% of its electricity is generated from low-cost hydro power plants, with wind making up the rest. The company's main competitors are vertically integrated firms, such as Mercury NZ, Genesis Energy, Contact Energy, and Trustpower.