Kitron ASA (OSL:KIT) PB Ratio : 2.72 (As of Apr. 30, 2024)

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What is Kitron 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 (2024-04-30), Kitron ASA's share price is kr28.92. Kitron ASA's Book Value per Share for the quarter that ended in Dec. 2023 was kr10.65. Hence, Kitron ASA's PB Ratio of today is 2.72.

Good Sign:

Kitron ASA stock PB Ratio (=2.72) is close to 3-year low of 2.55

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

OSL:KIT' s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 2.33 Max: 5.32
Current: 2.72

During the past 13 years, Kitron ASA's highest PB Ratio was 5.32. The lowest was 0.60. And the median was 2.33.

OSL:KIT's PB Ratio is ranked worse than
70.06% of 2395 companies
in the Hardware industry
Industry Median: 1.87 vs OSL:KIT: 2.72

During the past 12 months, Kitron ASA's average Book Value Per Share Growth Rate was 40.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 28.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 22.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 13.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Kitron ASA was 45.90% per year. The lowest was -51.20% per year. And the median was 7.35% per year.

Back to Basics: PB Ratio

Kitron ASA PB Ratio Historical Data

The historical data trend for Kitron 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.

Kitron ASA PB Ratio Chart

Kitron ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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2.63

3.63

3.73

3.70

3.15

Kitron ASA 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															3.70	4.18	4.70	3.67	3.15

Competitive Comparison of Kitron ASA's PB Ratio

For the Electronic Components subindustry, Kitron 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.

Kitron ASA's PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kitron ASA's PB Ratio distribution charts can be found below:

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

Kitron 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	28.92	/	10.65
	=	2.72

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.

Kitron ASA (OSL:KIT) 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.

Kitron ASA PB Ratio Related Terms

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Kitron ASA (OSL:KIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kitron ASA (OSL:KIT) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

KITO:Sweden KP5:Germany

Address

Olav Brunborgs vei 4, Billingstad, NOR, 1396

Website

https://www.kitron.com

Kitron ASA is an electronics manufacturing service company. It manufactures products that are embedded in the customers' own products and box-built electronic products. The company provides a high-level assembly of complex electromechanical products and also provides various other services within development, industrialization, supply chain management, logistics, and aftermarket services. The company has manufacturing facilities in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, and the United States. It serves Defense/Aerospace, Energy/Telecoms, Industry, Medical Devices, and Offshore/Marine markets. The company operates in a single segment Electronics Manufacturing Services from which it earns the majority of its revenues.

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