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), Encore Wire's share price is $282.41. Encore Wire's Book Value per Share for the quarter that ended in Dec. 2023 was $111.91. Hence, Encore Wire's PB Ratio of today is 2.52.
Warning Sign:
Encore Wire Corp stock PB Ratio (=2.52) is close to 10-year high of 2.54
The historical rank and industry rank for Encore Wire's PB Ratio or its related term are showing as below:
WIRE'
s PB Ratio Range Over the Past 10 Years
Min: 1.02 Med: 1.57 Max: 2.55
Current: 2.52
During the past 13 years, Encore Wire's highest PB Ratio was 2.55. The lowest was 1.02. And the median was 1.57.
WIRE's PB Ratio is ranked worse than 64.56% of 2926
companies
in the Industrial Products industry
Industry Median: 1.9
vs WIRE: 2.52
During the past 12 months, Encore Wire's average Book Value Per Share Growth Rate was 11.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 40.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 30.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Encore Wire was 189.30% per year. The lowest was 4.70% per year. And the median was 11.55% per year.
Back to Basics: PB Ratio
Encore Wire PB Ratio Historical Data
The historical data trend for Encore Wire'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.
For the Electrical Equipment & Parts subindustry, Encore Wire'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.
Encore Wire's PB Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Encore Wire's PB Ratio distribution charts can be found below:
* The bar in red indicates where Encore Wire's PB Ratio falls into.
Encore Wire 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.
Encore Wire'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.
Encore Wire PB Ratio Related Terms
Thank you for viewing the detailed overview of Encore Wire's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Encore Wire Corp is engaged in manufacturing electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The company's principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. Encore offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2, and other types of wire products, including tray cable, metal-clad, and armored cable.
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