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 (2024-04-24), Meritage Hospitality Group's share price is $17.70. Meritage Hospitality Group's Book Value per Share for the quarter that ended in Dec. 2023 was $18.58. Hence, Meritage Hospitality Group's PB Ratio of today is 0.95.
Good Sign:
Meritage Hospitality Group Inc stock PB Ratio (=0.96) is close to 3-year low of 0.95
The historical rank and industry rank for Meritage Hospitality Group's PB Ratio or its related term are showing as below:
MHGU'
s PB Ratio Range Over the Past 10 Years
Min: 0.86 Med: 2.01 Max: 3.69
Current: 0.95
During the past 13 years, Meritage Hospitality Group's highest PB Ratio was 3.69. The lowest was 0.86. And the median was 2.01.
MHGU's PB Ratio is ranked better than 84.79% of 309
companies
in the Restaurants industry
Industry Median: 2.7
vs MHGU: 0.95
During the past 12 months, Meritage Hospitality Group's average Book Value Per Share Growth Rate was 4.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 27.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Meritage Hospitality Group was 456.30% per year. The lowest was -52.50% per year. And the median was 20.60% per year.
Back to Basics: PB Ratio
Meritage Hospitality Group PB Ratio Historical Data
The historical data trend for Meritage Hospitality Group'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.
Competitive Comparison of Meritage Hospitality Group's PB Ratio
For the Restaurants subindustry, Meritage Hospitality Group'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.
Meritage Hospitality Group's PB Ratio Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Meritage Hospitality Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Meritage Hospitality Group's PB Ratio falls into.
Meritage Hospitality Group 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.
Meritage Hospitality Group's PB Ratio for today is calculated as follows:
* 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.
Meritage Hospitality Group (OTCPK:MHGU) PB Ratio Explanation
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.
Meritage Hospitality Group PB Ratio Related Terms
Thank you for viewing the detailed overview of Meritage Hospitality Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Meritage Hospitality Group (Meritage Hospitality Group) Business Description
Meritage Hospitality Group Inc is one of the nation's premier restaurant operators, with more than 300 restaurants in operation located in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia.
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