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), Genco Shipping & Trading's share price is $21.22. Genco Shipping & Trading's Book Value per Share for the quarter that ended in Dec. 2023 was $21.47. Hence, Genco Shipping & Trading's PB Ratio of today is 0.99.
The historical rank and industry rank for Genco Shipping & Trading's PB Ratio or its related term are showing as below:
GNK'
s PB Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.45 Max: 1.19
Current: 0.99
During the past 13 years, Genco Shipping & Trading's highest PB Ratio was 1.19. The lowest was 0.03. And the median was 0.45.
GNK's PB Ratio is ranked better than 63.73% of 932
companies
in the Transportation industry
Industry Median: 1.305
vs GNK: 0.99
During the past 12 months, Genco Shipping & Trading's average Book Value Per Share Growth Rate was -6.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -23.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Genco Shipping & Trading was 57.90% per year. The lowest was -45.00% per year. And the median was -4.70% per year.
Back to Basics: PB Ratio
Genco Shipping & Trading PB Ratio Historical Data
The historical data trend for Genco Shipping & Trading'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 Genco Shipping & Trading's PB Ratio
For the Marine Shipping subindustry, Genco Shipping & Trading'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.
Genco Shipping & Trading's PB Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Genco Shipping & Trading's PB Ratio distribution charts can be found below:
* The bar in red indicates where Genco Shipping & Trading's PB Ratio falls into.
Genco Shipping & Trading 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.
Genco Shipping & Trading'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.
Genco Shipping & Trading (NYSE:GNK) PB Ratio Explanation
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.
Genco Shipping & Trading PB Ratio Related Terms
Thank you for viewing the detailed overview of Genco Shipping & Trading's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Genco Shipping & Trading (Genco Shipping & Trading) Business Description
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
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