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# Time Warner PB Ratio

: 2.59 (As of Today)
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As of today (2020-05-30), Time Warner's share price is \$98.77. Time Warner's Book Value per Share for the quarter that ended in Mar. 2018 was \$38.11. Hence, Time Warner's P/B Ratio of today is 2.59.

## Time Warner PB Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 Time Warner Annual Data Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 PB Ratio 2.00 2.90 2.18 3.06 2.51

 Time Warner Quarterly Data Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 PB Ratio 2.98 3.00 2.93 2.51 2.48

Competitive Comparison
* 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.

Time Warner PB Ratio Distribution

* The bar in red indicates where Time Warner's PB Ratio falls into.

## Time Warner PB Ratio Calculation

Time Warner's P/B ratio for today is calculated as follows:

 P/B Ratio = Share Price / Book Value per Share (Q: Mar. 2018) = 98.77 / 38.114 = 2.59

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:

 P/B 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 Price-to-Book Ratio is that book value other than intangibles are used in the calculation.

Time Warner  (NYSE:TWX) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PS Ratio or Price-to-Free-Cash-Flow, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book 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 Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.