Paranovus Entertainment Technology (Paranovus Entertainment Technology) PB Ratio : 0.76 (As of Apr. 25, 2024)

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What is Paranovus Entertainment Technology 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 (2024-04-25), Paranovus Entertainment Technology's share price is $1.10. Paranovus Entertainment Technology's Book Value per Share for the quarter that ended in Sep. 2023 was $1.46. Hence, Paranovus Entertainment Technology's PB Ratio of today is 0.76.

The historical rank and industry rank for Paranovus Entertainment Technology's PB Ratio or its related term are showing as below:

PAVS' s PB Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.6 Max: 2.94
Current: 0.75

During the past 7 years, Paranovus Entertainment Technology's highest PB Ratio was 2.94. The lowest was 0.10. And the median was 0.60.

PAVS's PB Ratio is ranked better than
77.59% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 1.49 vs PAVS: 0.75

During the past 12 months, Paranovus Entertainment Technology's average Book Value Per Share Growth Rate was -89.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -69.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -39.80% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Paranovus Entertainment Technology was 50.60% per year. The lowest was -69.70% per year. And the median was -2.80% per year.

Back to Basics: PB Ratio

Paranovus Entertainment Technology PB Ratio Historical Data

The historical data trend for Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology PB Ratio Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

Get a 7-Day Free Trial

0.99

0.65

0.30

2.89

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
PB Ratio	Get a 7-Day Free Trial									0.34	0.30	0.23	2.89	2.21

Competitive Comparison of Paranovus Entertainment Technology's PB Ratio

For the Packaged Foods subindustry, Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology's PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's PB Ratio distribution charts can be found below:

* The bar in red indicates where Paranovus Entertainment Technology's PB Ratio falls into.

Paranovus Entertainment Technology 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.

Paranovus Entertainment Technology's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	1.10	/	1.455
	=	0.76

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.

Paranovus Entertainment Technology (NAS:PAVS) 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.

Paranovus Entertainment Technology PB Ratio Related Terms

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.