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 (2024-05-14), Inrad Optics's share price is $1.075. Inrad Optics's Book Value per Share for the quarter that ended in Dec. 2023 was $0.46. Hence, Inrad Optics's PB Ratio of today is 2.33.
The historical rank and industry rank for Inrad Optics's PB Ratio or its related term are showing as below:
INRD'
s PB Ratio Range Over the Past 10 Years
Min: 0.24 Med: 4.06 Max: 11.87
Current: 2.33
During the past 13 years, Inrad Optics's highest PB Ratio was 11.87. The lowest was 0.24. And the median was 4.06.
INRD's PB Ratio is ranked worse than 62.06% of 2388
companies
in the Hardware industry
Industry Median: 1.87
vs INRD: 2.33
During the past 12 months, Inrad Optics's average Book Value Per Share Growth Rate was 77.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 67.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 22.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Inrad Optics was 71.40% per year. The lowest was -45.20% per year. And the median was -6.70% per year.
Back to Basics: PB Ratio
Inrad Optics PB Ratio Historical Data
The historical data trend for Inrad Optics'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.
For the Electronic Components subindustry, Inrad Optics'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.
Inrad Optics's PB Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Inrad Optics's PB Ratio distribution charts can be found below:
* The bar in red indicates where Inrad Optics's PB Ratio falls into.
Inrad Optics 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.
Inrad Optics's PB Ratio for today is calculated as follows:
* 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 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.
Inrad Optics PB Ratio Related Terms
Thank you for viewing the detailed overview of Inrad Optics's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Inrad Optics Inc develops, manufactures and markets products and services for use in photonics industry sectors. It is a vertically integrated manufacturer focusing on crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and optomechanical assemblies. Its product categories include Optical Components and Laser System Devices/Instrumentation. The company's customers include corporations in the defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, National Laboratories and universities around the world.
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