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iShares 1-3 Year Treasury Bond ETF  (NAS:SHY) PB Ratio: (As of Today)

As of today, iShares 1-3 Year Treasury Bond ETF's share price is $84.53. iShares 1-3 Year Treasury Bond ETF's Book Value per Share for the fiscal year that ended in . 20 was $0.00. Hence, iShares 1-3 Year Treasury Bond ETF's P/B Ratio of today is .


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

iShares 1-3 Year Treasury Bond ETF Annual Data

PB Ratio

iShares 1-3 Year Treasury Bond ETF Semi-Annual Data

PB Ratio

Competitive Comparison
* 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.


Calculation

iShares 1-3 Year Treasury Bond ETF's P/B ratio for today is calculated as follows:

P/B Ratio=Share Price/Book Value per Share (A: . 20)
=84.53/
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Price-to-Book Ratio is that book value other than intangibles are used in the calculation.


Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PS Ratio or Price-to-Free-Cash-Flow, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book 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 Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


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