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Abaxx Technologies (Abaxx Technologies) PB Ratio : 6.35 (As of Apr. 25, 2024)


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What is Abaxx Technologies 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 (2024-04-25), Abaxx Technologies's share price is $9.40. Abaxx Technologies's Book Value per Share for the quarter that ended in Dec. 2023 was $1.48. Hence, Abaxx Technologies's PB Ratio of today is 6.35.

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

ABXXF' s PB Ratio Range Over the Past 10 Years
Min: 5.65   Med: 6.74   Max: 12.3
Current: 6.57

During the past 5 years, Abaxx Technologies's highest PB Ratio was 12.30. The lowest was 5.65. And the median was 6.74.

ABXXF's PB Ratio is ranked worse than
80.41% of 2578 companies
in the Software industry
Industry Median: 2.615 vs ABXXF: 6.57

During the past 12 months, Abaxx Technologies's average Book Value Per Share Growth Rate was 228.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 39.90% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Abaxx Technologies was 39.90% per year. The lowest was 39.90% per year. And the median was 39.90% per year.

Back to Basics: PB Ratio


Abaxx Technologies PB Ratio Historical Data

The historical data trend for Abaxx Technologies'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.

Abaxx Technologies PB Ratio Chart

Abaxx Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
- 16.95 8.48 12.40 6.61

Abaxx Technologies Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.40 18.49 6.67 6.54 6.61

Competitive Comparison of Abaxx Technologies's PB Ratio

For the Software - Application subindustry, Abaxx Technologies'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.


Abaxx Technologies's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Abaxx Technologies's PB Ratio distribution charts can be found below:

* The bar in red indicates where Abaxx Technologies's PB Ratio falls into.



Abaxx Technologies 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.

Abaxx Technologies's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=9.40/1.481
=6.35

* 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.

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

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.


Abaxx Technologies  (OTCPK:ABXXF) 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.


Abaxx Technologies PB Ratio Related Terms

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Abaxx Technologies (Abaxx Technologies) Business Description

Traded in Other Exchanges
Address
18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4
Abaxx Technologies Inc is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions easier and more secure. The company's initial focus is on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically-settled benchmark futures contracts in the commodity markets at the center of the energy transition to an electrified, low-carbon emissions economy. Abaxx's vision is to build Smarter Markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges that everyone faces as a society, including climate change and the energy transition.

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