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 (2024-04-24), Luna Innovations's share price is $2.05. Luna Innovations's Book Value per Share for the quarter that ended in Sep. 2023 was $2.79. Hence, Luna Innovations's PB Ratio of today is 0.74.
Good Sign:
Luna Innovations Inc stock PB Ratio (=0.8) is close to 5-year low of 0.8
The historical rank and industry rank for Luna Innovations's PB Ratio or its related term are showing as below:
LUNA'
s PB Ratio Range Over the Past 10 Years
Min: 0.64 Med: 1.74 Max: 5.14
Current: 0.73
During the past 13 years, Luna Innovations's highest PB Ratio was 5.14. The lowest was 0.64. And the median was 1.74.
LUNA's PB Ratio is ranked better than 82.57% of 2392
companies
in the Hardware industry
Industry Median: 1.81
vs LUNA: 0.73
During the past 12 months, Luna Innovations's average Book Value Per Share Growth Rate was 4.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Luna Innovations was 39.50% per year. The lowest was -24.40% per year. And the median was 12.05% per year.
Back to Basics: PB Ratio
Luna Innovations PB Ratio Historical Data
The historical data trend for Luna Innovations'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.
Competitive Comparison of Luna Innovations's PB Ratio
For the Scientific & Technical Instruments subindustry, Luna Innovations'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.
Luna Innovations's PB Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Luna Innovations's PB Ratio distribution charts can be found below:
* The bar in red indicates where Luna Innovations's PB Ratio falls into.
Luna Innovations 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.
Luna Innovations's PB Ratio for today is calculated as follows:
* 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.
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.
Luna Innovations PB Ratio Related Terms
Thank you for viewing the detailed overview of Luna Innovations's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Luna Innovations (Luna Innovations) Business Description
Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.
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