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), ESS Tech's share price is $0.7036. ESS Tech's Book Value per Share for the quarter that ended in Dec. 2023 was $0.59. Hence, ESS Tech's PB Ratio of today is 1.19.
The historical rank and industry rank for ESS Tech's PB Ratio or its related term are showing as below:
GWH'
s PB Ratio Range Over the Past 10 Years
Min: 1.04 Med: 2.19 Max: 4.05
Current: 1.19
During the past 4 years, ESS Tech's highest PB Ratio was 4.05. The lowest was 1.04. And the median was 2.19.
GWH's PB Ratio is ranked better than 72.56% of 2926
companies
in the Industrial Products industry
Industry Median: 1.89
vs GWH: 1.19
During the past 12 months, ESS Tech's average Book Value Per Share Growth Rate was -33.40% per year.
Back to Basics: PB Ratio
ESS Tech PB Ratio Historical Data
The historical data trend for ESS Tech'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, ESS Tech'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.
ESS Tech's PB Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, ESS Tech's PB Ratio distribution charts can be found below:
* The bar in red indicates where ESS Tech's PB Ratio falls into.
ESS Tech 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.
ESS Tech'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.
ESS Tech PB Ratio Related Terms
Thank you for viewing the detailed overview of ESS Tech's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
ESS Tech Inc is a long-duration energy storage company specializing in iron flow battery technology. The company design and produce long-duration batteries predominantly using earth-abundant materials.
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