Parade Technologies (LUX:188895) PB Ratio : 2.78 (As of May. 31, 2024)

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What is Parade 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 (2024-05-31), Parade Technologies's share price is $23.60. Parade Technologies's Book Value per Share for the quarter that ended in Mar. 2024 was $8.49. Hence, Parade Technologies's PB Ratio of today is 2.78.

Good Sign:

Parade Technologies Ltd stock PB Ratio (=2.68) is close to 1-year low of 2.68

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

LUX:188895' s PB Ratio Range Over the Past 10 Years
Min: 2.27 Med: 4.31 Max: 11.6
Current: 2.68

During the past 13 years, Parade Technologies's highest PB Ratio was 11.60. The lowest was 2.27. And the median was 4.31.

LUX:188895's PB Ratio is ranked worse than
58.19% of 971 companies
in the Semiconductors industry
Industry Median: 2.46 vs LUX:188895: 2.68

During the past 12 months, Parade Technologies's average Book Value Per Share Growth Rate was 16.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 16.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 15.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 15.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Parade Technologies was 91.60% per year. The lowest was 13.30% per year. And the median was 16.30% per year.

Back to Basics: PB Ratio

Parade Technologies PB Ratio Historical Data

The historical data trend for Parade 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.

Parade Technologies PB Ratio Chart

Parade Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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4.40

7.10

11.75

3.45

4.97

Parade Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															4.55	4.50	3.85	4.97	3.39

Competitive Comparison of Parade Technologies's PB Ratio

For the Semiconductors subindustry, Parade 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.

Parade Technologies's PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Parade Technologies's PB Ratio distribution charts can be found below:

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

Parade 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	23.60	/	8.489
	=	2.78

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.

Parade Technologies (LUX:188895) 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.

Parade Technologies PB Ratio Related Terms

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

Parade Technologies (LUX:188895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Parade Technologies Ltd (LUX:188895) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

4966:Taiwan

Address

No. 335, Ruiguang Road, 14th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.paradetech.com

Parade Technologies Ltd supplies mixed-signal integrated circuits for a variety of display and high-speed interface standards used in computers, consumer electronics, and display panels. The company's host of products serve customers with needs for display, storage, and interface applications. As a fabless semiconductor company, Parade manufactures and designs its integrated circuits, but outsources the fabrication of silicon wafers for semiconductors. The company has branch offices and subsidiaries dedicated to designing, engineering, support, and logistical services in Asian countries, but services a global customer base.

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