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 (2024-04-28), The Shyft Group's share price is $11.26. The Shyft Group's Book Value per Share for the quarter that ended in Dec. 2023 was $7.35. Hence, The Shyft Group's PB Ratio of today is 1.53.
Good Sign:
The Shyft Group Inc stock PB Ratio (=1.53) is close to 5-year low of 1.42
The historical rank and industry rank for The Shyft Group's PB Ratio or its related term are showing as below:
SHYF'
s PB Ratio Range Over the Past 10 Years
Min: 0.63 Med: 2.09 Max: 7.49
Current: 1.53
During the past 13 years, The Shyft Group's highest PB Ratio was 7.49. The lowest was 0.63. And the median was 2.09.
During the past 12 months, The Shyft Group's average Book Value Per Share Growth Rate was -4.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of The Shyft Group was 73.90% per year. The lowest was -10.90% per year. And the median was 10.10% per year.
Back to Basics: PB Ratio
The Shyft Group PB Ratio Historical Data
The historical data trend for The Shyft 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 The Shyft Group's PB Ratio
For the Farm & Heavy Construction Machinery subindustry, The Shyft 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.
The Shyft Group's PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where The Shyft Group's PB Ratio falls into.
The Shyft 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.
The Shyft 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.
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.
The Shyft Group PB Ratio Related Terms
Thank you for viewing the detailed overview of The Shyft Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Shyft Group (The Shyft Group) Business Description
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.
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