Ramsay Health Care (ASX:RHC) PB Ratio : 2.56 (As of May. 04, 2024)

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What is Ramsay Health Care 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 (2024-05-04), Ramsay Health Care's share price is A$51.22. Ramsay Health Care's Book Value per Share for the quarter that ended in Dec. 2023 was A$19.97. Hence, Ramsay Health Care's PB Ratio of today is 2.56.

Good Sign:

Ramsay Health Care Ltd stock PB Ratio (=2.58) is close to 10-year low of 2.58

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

ASX:RHC' s PB Ratio Range Over the Past 10 Years
Min: 2.55 Med: 5.22 Max: 8.12
Current: 2.56

During the past 13 years, Ramsay Health Care's highest PB Ratio was 8.12. The lowest was 2.55. And the median was 5.22.

ASX:RHC's PB Ratio is ranked worse than
55.43% of 599 companies
in the Healthcare Providers & Services industry
Industry Median: 2.24 vs ASX:RHC: 2.56

During the past 12 months, Ramsay Health Care's average Book Value Per Share Growth Rate was 19.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 9.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ramsay Health Care was 35.00% per year. The lowest was -2.20% per year. And the median was 9.30% per year.

Back to Basics: PB Ratio

Ramsay Health Care PB Ratio Historical Data

The historical data trend for Ramsay Health Care'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.

Ramsay Health Care PB Ratio Chart

Ramsay Health Care Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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5.74

4.06

3.57

4.26

3.11

Ramsay Health Care Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															4.42	4.26	3.88	3.11	2.63

Competitive Comparison of Ramsay Health Care's PB Ratio

For the Medical Care Facilities subindustry, Ramsay Health Care'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.

Ramsay Health Care's PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ramsay Health Care's PB Ratio distribution charts can be found below:

* The bar in red indicates where Ramsay Health Care's PB Ratio falls into.

Ramsay Health Care 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.

Ramsay Health Care's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	51.22	/	19.97
	=	2.56

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.

Ramsay Health Care (ASX:RHC) 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.

Ramsay Health Care PB Ratio Related Terms

Thank you for viewing the detailed overview of Ramsay Health Care's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Ramsay Health Care (ASX:RHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ramsay Health Care Ltd (ASX:RHC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

RMYHY:USA RMSYF:USA RMY:Germany RHCPA.PFD:Australia

Address

126 Phillip Street, Suite 18.03, Level 18, Deutsche Bank Place, Sydney, NSW, AUS, 2000

Website

https://www.ramsayhealth.com

Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.

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