HIVE Digital Technologies (TSXV:HIVE) PB Ratio : 1.50 (As of Jun. 06, 2024)

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What is HIVE Digital Technologies 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 (2024-06-06), HIVE Digital Technologies's share price is C$3.91. HIVE Digital Technologies's Book Value per Share for the quarter that ended in Dec. 2023 was C$2.61. Hence, HIVE Digital Technologies's PB Ratio of today is 1.50.

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

TSXV:HIVE' s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 2.2 Max: 76.21
Current: 1.5

During the past 13 years, HIVE Digital Technologies's highest PB Ratio was 76.21. The lowest was 0.47. And the median was 2.20.

TSXV:HIVE's PB Ratio is ranked worse than
55.5% of 755 companies
in the Capital Markets industry
Industry Median: 1.3 vs TSXV:HIVE: 1.50

During the past 12 months, HIVE Digital Technologies's average Book Value Per Share Growth Rate was 13.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 76.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 26.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HIVE Digital Technologies was 136.80% per year. The lowest was -16.80% per year. And the median was 34.70% per year.

Back to Basics: PB Ratio

HIVE Digital Technologies PB Ratio Historical Data

The historical data trend for HIVE Digital Technologies'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.

HIVE Digital Technologies PB Ratio Chart

HIVE Digital Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

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5.99

2.11

11.21

2.22

1.80

HIVE Digital Technologies 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															0.85	1.80	2.76	2.17	2.28

Competitive Comparison of HIVE Digital Technologies's PB Ratio

For the Capital Markets subindustry, HIVE Digital Technologies'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.

HIVE Digital Technologies's PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, HIVE Digital Technologies's PB Ratio distribution charts can be found below:

* The bar in red indicates where HIVE Digital Technologies's PB Ratio falls into.

HIVE Digital Technologies 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.

HIVE Digital Technologies's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	3.91	/	2.61
	=	1.50

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.

HIVE Digital Technologies (TSXV:HIVE) 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.

HIVE Digital Technologies PB Ratio Related Terms

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HIVE Digital Technologies (TSXV:HIVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » HIVE Digital Technologies Ltd (TSXV:HIVE) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

HIVE:USA YO0:Germany YO0:Germany

Address

789 West Pender Street, Suite 855, Vancouver, BC, CAN, V6C 1H2

Website

https://www.hiveblockchain.com

HIVE Digital Technologies Ltd formerly HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda.

Executives

Luke Rossy

Senior Officer