Fortum Oyj (OHEL:FORTUM) PB Ratio : 1.28 (As of Apr. 28, 2024)

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What is Fortum Oyj PB Ratio?

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 (2024-04-28), Fortum Oyj's share price is €12.055. Fortum Oyj's Book Value per Share for the quarter that ended in Dec. 2023 was €9.40. Hence, Fortum Oyj's PB Ratio of today is 1.28.

The historical rank and industry rank for Fortum Oyj's PB Ratio or its related term are showing as below:

OHEL:FORTUM' s PB Ratio Range Over the Past 10 Years
Min: 0.72 Med: 1.41 Max: 6.77
Current: 1.28

During the past 13 years, Fortum Oyj's highest PB Ratio was 6.77. The lowest was 0.72. And the median was 1.41.

OHEL:FORTUM's PB Ratio is ranked worse than
52.06% of 413 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.21 vs OHEL:FORTUM: 1.28

During the past 12 months, Fortum Oyj's average Book Value Per Share Growth Rate was 10.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -13.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -9.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -2.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Fortum Oyj was 11.20% per year. The lowest was -16.40% per year. And the median was 5.20% per year.

Back to Basics: PB Ratio

Fortum Oyj PB Ratio Historical Data

The historical data trend for Fortum Oyj'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.

* Premium members only.

Fortum Oyj PB Ratio Chart

Fortum Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.51

1.35

1.98

1.82

1.39

Fortum Oyj Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.82	1.30	1.43	1.17	1.39

Competitive Comparison of Fortum Oyj's PB Ratio

For the Utilities - Renewable subindustry, Fortum Oyj'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.

Fortum Oyj's PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's PB Ratio distribution charts can be found below:

* The bar in red indicates where Fortum Oyj's PB Ratio falls into.

Fortum Oyj 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.

Fortum Oyj's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	12.055	/	9.404
	=	1.28

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.

Fortum Oyj (OHEL:FORTUM) 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.

Fortum Oyj PB Ratio Related Terms

Thank you for viewing the detailed overview of Fortum Oyj's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortum Oyj (OHEL:FORTUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fortum Oyj (OHEL:FORTUM) » Definitions » PB Ratio

Traded in Other Exchanges

FOJCY:USA FOJCF:USA FORTUM:Mexico 1FORT:Italy FORTMh:UK 0HAH:UK FOT0:Germany

Address

Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, FI-00048

Website

https://www.fortum.com

Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, City Solutions, Consumer Solutions, Russia, and Other.

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