The Initiates (NSA:TIP) PB Ratio: (As of Jun. 26, 2026)


What is The Initiates 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 (2026-06-26), The Initiates's share price is ₦28.10. The Initiates's Book Value per Share for the fiscal year that ended in . 20 was ₦0.00. Hence, The Initiates's PB Ratio of today is .

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

NSA:TIP's PB Ratio is not ranked *
in the Waste Management industry.
Industry Median: 1.59
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio


The Initiates  (NSA:TIP) 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.


The Initiates PB Ratio Related Terms


The Initiates PB Ratio Historical Data

* Premium members only.

The historical data trend for The Initiates'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.

The Initiates PB Ratio Chart

The Initiates Annual Data
Trend
PB Ratio

The Initiates Semi-Annual Data
PB Ratio

NSA:TIP vs CWSS, ECMT, GETH: PB Ratio Comparison

For the Waste Management subindustry, The Initiates'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 Initiates PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, The Initiates's PB Ratio distribution charts can be found below:

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



The Initiates 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 Initiates's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (A: . 20)
=28.10/
=

* 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 Initiates Business Description

Address Plot 400, Location Road, Off Aba/PH Expressway, P.O. BOX 7242, Umuebule 5, Port Harcourt, Rivers State, NGA
The Initiates PLC is a professional waste management company. The company is engaged in delivering Waste Management, Industrial Cleaning and Decontamination services to both Private and Public sectors. It has a multi-disciplinary and flexible workforce and all relevant permits necessary for delivering waste management and industrial cleaning services.