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), Summit Materials's share price is $39.46. Summit Materials's Book Value per Share for the quarter that ended in Mar. 2024 was $24.04. Hence, Summit Materials's PB Ratio of today is 1.64.
Good Sign:
Summit Materials Inc stock PB Ratio (=1.63) is close to 1-year low of 1.59
The historical rank and industry rank for Summit Materials's PB Ratio or its related term are showing as below:
SUM'
s PB Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.83 Max: 3.13
Current: 1.64
During the past 13 years, Summit Materials's highest PB Ratio was 3.13. The lowest was 0.70. And the median was 1.83.
SUM's PB Ratio is ranked worse than 61.27% of 377
companies
in the Building Materials industry
Industry Median: 1.21
vs SUM: 1.64
During the past 12 months, Summit Materials's average Book Value Per Share Growth Rate was 45.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Summit Materials was 13.40% per year. The lowest was -9.70% per year. And the median was 7.00% per year.
Back to Basics: PB Ratio
Summit Materials PB Ratio Historical Data
The historical data trend for Summit Materials'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.
Competitive Comparison of Summit Materials's PB Ratio
For the Building Materials subindustry, Summit Materials'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.
Summit Materials's PB Ratio Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Summit Materials's PB Ratio distribution charts can be found below:
* The bar in red indicates where Summit Materials's PB Ratio falls into.
Summit Materials 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.
* 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.
Summit Materials PB Ratio Related Terms
Thank you for viewing the detailed overview of Summit Materials's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Summit Materials (Summit Materials) Business Description
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.
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