Groove Botanicals (Groove Botanicals) PB Ratio : (As of Jun. 09, 2024)

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What is Groove Botanicals 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 (2024-06-09), Groove Botanicals's share price is $0.013. Groove Botanicals's Book Value per Share for the quarter that ended in Sep. 2023 was $-0.01. Hence, Groove Botanicals's PB Ratio of today is .

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

During the past 13 years, Groove Botanicals's highest PB Ratio was 3.80. The lowest was 0.20. And the median was 0.63.

GRVE's PB Ratio is not ranked ^*
in the Oil & Gas industry.
Industry Median: 1.23
* Ranked among companies with meaningful PB Ratio only.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Groove Botanicals was 73.80% per year. The lowest was -89.50% per year. And the median was -32.80% per year.

Back to Basics: PB Ratio

Groove Botanicals PB Ratio Historical Data

The historical data trend for Groove Botanicals'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.

Groove Botanicals PB Ratio Chart

Groove Botanicals Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

PB Ratio

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2.25

0.77

0.49

Groove Botanicals Semi-Annual Data
	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Sep22	Sep23
PB Ratio	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Groove Botanicals's PB Ratio

For the Oil & Gas E&P subindustry, Groove Botanicals'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.

Groove Botanicals's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Groove Botanicals's PB Ratio distribution charts can be found below:

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

Groove Botanicals 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.

Groove Botanicals's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	0.013	/	-0.011
	=

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.

Groove Botanicals (OTCPK:GRVE) 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.

Groove Botanicals PB Ratio Related Terms

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