Airthings ASA (OSL:AIRX) PB Ratio : 1.23 (As of May. 15, 2024)

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What is Airthings ASA 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 (2024-05-15), Airthings ASA's share price is kr3.30. Airthings ASA's Book Value per Share for the quarter that ended in Dec. 2023 was kr2.68. Hence, Airthings ASA's PB Ratio of today is 1.23.

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

OSL:AIRX' s PB Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.42 Max: 3.52
Current: 1.23

During the past 7 years, Airthings ASA's highest PB Ratio was 3.52. The lowest was 0.78. And the median was 1.42.

OSL:AIRX's PB Ratio is ranked better than
71.79% of 2932 companies
in the Industrial Products industry
Industry Median: 1.92 vs OSL:AIRX: 1.23

During the past 12 months, Airthings ASA's average Book Value Per Share Growth Rate was -7.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -11.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 58.40% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Airthings ASA was 137.00% per year. The lowest was -11.80% per year. And the median was 102.90% per year.

Back to Basics: PB Ratio

Airthings ASA PB Ratio Historical Data

The historical data trend for Airthings ASA'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.

Airthings ASA PB Ratio Chart

Airthings ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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3.52

3.12

1.22

1.10

Airthings ASA Quarterly Data
	Dec17	Dec18	Jun19	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															1.22	1.05	0.85	1.11	1.10

Competitive Comparison of Airthings ASA's PB Ratio

For the Electrical Equipment & Parts subindustry, Airthings ASA'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.

Airthings ASA's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airthings ASA's PB Ratio distribution charts can be found below:

* The bar in red indicates where Airthings ASA's PB Ratio falls into.

Airthings ASA 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.

Airthings ASA's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	3.30	/	2.681
	=	1.23

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.

Airthings ASA (OSL:AIRX) 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.

Airthings ASA PB Ratio Related Terms

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Airthings ASA (OSL:AIRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Airthings ASA (OSL:AIRX) » Definitions » PB Ratio

Traded in Other Exchanges

64J:Germany

Address

Wergelandsveien 7, Oslo, NOR, 0167

Website

https://www.airthings.com

Airthings ASA is a hardware-enabled software company that develops products and systems for monitoring indoor air quality, radon, and energy efficiency. The company's solutions resolve issues related to air quality and air containment and enable a reduced CO2 footprint by optimizing energy consumption for buildings. It is engaged in three business segments which include Airthings for Consumer (Consumer), Airthings for Business (AfB), and Airthings for Professionals (Pro). The majority of the revenue comes from the Airthings for Consumer segment, which uses software solutions to monitor air quality and create and maintain a healthy living environment.

Airthings ASA (OSL:AIRX) Headlines

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