Thomson Reuters (TSX:TRI.PR.B.PFD) PB Ratio : (As of Apr. 25, 2024)

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What is Thomson Reuters 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), Thomson Reuters's share price is C$13.30. Thomson Reuters's Book Value per Share for the quarter that ended in Dec. 2023 was C$0.00. Hence, Thomson Reuters's PB Ratio of today is .

Warning Sign:

Thomson Reuters Corp stock PB Ratio (=6.44) is close to 10-year high of 6.67

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

TSX:TRI.PR.B.PFD' s PB Ratio Range Over the Past 10 Years
Min: 1.63 Med: 2.74 Max: 6.67
Current: 6.44

During the past 13 years, Thomson Reuters's highest PB Ratio was 6.67. The lowest was 1.63. And the median was 2.74.

TSX:TRI.PR.B.PFD's PB Ratio is ranked worse than
89.27% of 1025 companies
in the Business Services industry
Industry Median: 1.76 vs TSX:TRI.PR.B.PFD: 6.44

During the past 12 months, Thomson Reuters's average Book Value Per Share Growth Rate was -6.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 7.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thomson Reuters was 25.40% per year. The lowest was -16.90% per year. And the median was 3.60% per year.

Back to Basics: PB Ratio

Thomson Reuters PB Ratio Historical Data

The historical data trend for Thomson Reuters'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.

Thomson Reuters PB Ratio Chart

Thomson Reuters Annual Data

Trend

Dec14

Dec15

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Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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Thomson Reuters Quarterly Data
	Mar19	Jun19	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															-	-	-	-	-

Competitive Comparison of Thomson Reuters's PB Ratio

For the Specialty Business Services subindustry, Thomson Reuters'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.

Thomson Reuters's PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's PB Ratio distribution charts can be found below:

* The bar in red indicates where Thomson Reuters's PB Ratio falls into.

Thomson Reuters 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.

Thomson Reuters's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	13.30	/
	=

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.

Thomson Reuters (TSX:TRI.PR.B.PFD) 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.

Thomson Reuters PB Ratio Related Terms

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Thomson Reuters (TSX:TRI.PR.B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Thomson Reuters Corp (TSX:TRI.PR.B.PFD) » Definitions » PB Ratio

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Address

333 Bay Street, Suite 300, Toronto, ON, CAN, M5H 2R2

Website

https://www.thomsonreuters.com

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.

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