Mullen Group (TSX:MTL) PB Ratio : 1.30 (As of Apr. 26, 2024)

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What is Mullen Group 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 (2024-04-26), Mullen Group's share price is C$13.10. Mullen Group's Book Value per Share for the quarter that ended in Mar. 2024 was C$10.09. Hence, Mullen Group's PB Ratio of today is 1.30.

Good Sign:

Mullen Group Ltd stock PB Ratio (=1.19) is close to 3-year low of 1.15

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

TSX:MTL' s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 1.51 Max: 3.09
Current: 1.19

During the past 13 years, Mullen Group's highest PB Ratio was 3.09. The lowest was 0.47. And the median was 1.51.

TSX:MTL's PB Ratio is ranked better than
50.59% of 933 companies
in the Transportation industry
Industry Median: 1.31 vs TSX:MTL: 1.19

During the past 12 months, Mullen Group's average Book Value Per Share Growth Rate was 5.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mullen Group was 51.30% per year. The lowest was -16.80% per year. And the median was 6.10% per year.

Back to Basics: PB Ratio

Mullen Group PB Ratio Historical Data

The historical data trend for Mullen 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.

* Premium members only.

Mullen Group PB Ratio Chart

Mullen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.06

1.18

1.24

1.39

1.27

Mullen Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															1.42	1.42	1.23	1.27	1.44

Competitive Comparison of Mullen Group's PB Ratio

For the Trucking subindustry, Mullen 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.

Mullen Group's PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Mullen Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Mullen Group's PB Ratio falls into.

Mullen 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.

Mullen Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	13.10	/	10.094
	=	1.30

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.

Mullen Group (TSX:MTL) 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.

Mullen Group PB Ratio Related Terms

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Mullen Group (TSX:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mullen Group Ltd (TSX:MTL) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

MLLGF:USA 9MU:Germany

Address

121A - 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website

https://www.mullen-group.com

Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U..S. and International Logistics, and Corporate. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.