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# PB Ratio

: (As of Today)
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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 (2021-04-18), 's share price is \$. 's Book Value per Share for the fiscal year that ended in . 20 was \$0.00. Hence, 's PB Ratio of today is .

## PB Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

 Annual Data PB Ratio

 Semi-Annual Data PB Ratio

## 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.

's PB Ratio for today is calculated as follows:

 PB Ratio = Share Price / Book Value per Share (A: . 20) = / =

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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.

(:) 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.