Adrad Holdings (ASX:AHL) PB Ratio : 0.66 (As of May. 30, 2024)

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What is Adrad Holdings 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 (2024-05-30), Adrad Holdings's share price is A$0.97. Adrad Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was A$1.47. Hence, Adrad Holdings's PB Ratio of today is 0.66.

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

ASX:AHL' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.74
Current: 0.66

During the past 1 years, Adrad Holdings's highest PB Ratio was 0.74. The lowest was 0.00. And the median was 0.00.

ASX:AHL's PB Ratio is ranked better than
89.21% of 2938 companies
in the Industrial Products industry
Industry Median: 1.92 vs ASX:AHL: 0.66

During the past 12 months, Adrad Holdings's average Book Value Per Share Growth Rate was 4.00% per year.

Back to Basics: PB Ratio

Adrad Holdings PB Ratio Historical Data

The historical data trend for Adrad Holdings'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.

Adrad Holdings PB Ratio Chart

Adrad Holdings Annual Data

Trend

Jun23

PB Ratio

0.65

Adrad Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
PB Ratio	-	0.78	0.65	0.55

Competitive Comparison of Adrad Holdings's PB Ratio

For the Specialty Industrial Machinery subindustry, Adrad Holdings'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.

Adrad Holdings's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Adrad Holdings's PB Ratio distribution charts can be found below:

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

Adrad Holdings 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.

Adrad Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.97	/	1.467
	=	0.66

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.

Adrad Holdings (ASX:AHL) 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.

Adrad Holdings PB Ratio Related Terms

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Adrad Holdings (ASX:AHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adrad Holdings Ltd (ASX:AHL) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Howards Road, Beverley, SA, AUS, 5009

Website

https://www.adradholdings.com.au

Adrad Holdings Ltd designs and manufactures a wide variety of original equipment and aftermarket heat exchange products for both mobile and stationary applications. The company operates in two segments which include Heat Transfer Solutions, and Automotive Aftermarket. Heat Transfer Solutions designs and manufactures industrial cooling solutions for use in road transport and heavy vehicles, mining, power generation, data centers, and rail industries. Automotive Aftermarket manufactures, imports, and distributes radiators, mobile and stationary heat exchange products, and a variety of automotive parts for the Australian and New Zealand automotive and industrial markets.