Market Cap : 43.9 B | Enterprise Value : 42.37 B | PE Ratio : 135.44 | PB Ratio : 22.24 |
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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 (2021-03-02), Veeva Systems's share price is $289.200000. Veeva Systems's Book Value per Share for the quarter that ended in Oct. 2020 was $13.03. Hence, Veeva Systems's PB Ratio of today is 22.20.
Warning Sign:
Veeva Systems Inc stock PB Ratio (=22.55) is close to 10-year high of 24.42
During the past 10 years, Veeva Systems's highest PB Ratio was 24.42. The lowest was 5.50. And the median was 10.84.
During the past 12 months, Veeva Systems's average Book Value Per Share Growth Rate was 24.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 33.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 29.80% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Veeva Systems was 274.70% per year. The lowest was 27.10% per year. And the median was 31.95% per year.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* The bar in red indicates where Veeva Systems's PB Ratio falls into.
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.
Veeva Systems's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Oct. 2020) |
= | 289.200000 | / | 13.026 | |
= | 22.20 |
* 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:
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.
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.
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.
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