Cleanaway Co (TPE:8422) PB Ratio : 3.16 (As of May. 27, 2024)

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What is Cleanaway Co 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 (2024-05-27), Cleanaway Co's share price is NT$188.00. Cleanaway Co's Book Value per Share for the quarter that ended in Mar. 2024 was NT$59.56. Hence, Cleanaway Co's PB Ratio of today is 3.16.

Good Sign:

Cleanaway Co Ltd stock PB Ratio (=3.16) is close to 3-year low of 2.96

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

TPE:8422' s PB Ratio Range Over the Past 10 Years
Min: 2.56 Med: 3.56 Max: 6.75
Current: 3.16

During the past 13 years, Cleanaway Co's highest PB Ratio was 6.75. The lowest was 2.56. And the median was 3.56.

TPE:8422's PB Ratio is ranked worse than
78.88% of 232 companies
in the Waste Management industry
Industry Median: 1.615 vs TPE:8422: 3.16

During the past 12 months, Cleanaway Co's average Book Value Per Share Growth Rate was 17.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Cleanaway Co was 33.00% per year. The lowest was 1.50% per year. And the median was 3.55% per year.

Back to Basics: PB Ratio

Cleanaway Co PB Ratio Historical Data

The historical data trend for Cleanaway Co'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.

Cleanaway Co PB Ratio Chart

Cleanaway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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3.02

3.12

4.40

3.12

3.14

Cleanaway Co 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															3.70	3.94	3.19	3.14	2.99

Competitive Comparison of Cleanaway Co's PB Ratio

For the Waste Management subindustry, Cleanaway Co'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.

Cleanaway Co's PB Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Cleanaway Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Cleanaway Co's PB Ratio falls into.

Cleanaway Co 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.

Cleanaway Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	188.00	/	59.563
	=	3.16

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.

Cleanaway Co (TPE:8422) 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.

Cleanaway Co PB Ratio Related Terms

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

Cleanaway Co (TPE:8422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Co Ltd (TPE:8422) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308, Zhongshan South Road, 1st Floor, Houhong Village, Gangshan District, Kaohsiung, TWN, 820

Website

https://www.cleanaway.tw

Cleanaway Co Ltd offers one-stop-shop services for treating forms of waste. It treats various industrial and hazardous waste materials and owns private landfills for final disposal in Taiwan. The company provides systems for daily activities and solutions for cleaning up contaminated sites. Cleaning an entire location can require on-site sampling and experimental studies to return the location to its natural form. Cleanway provides technologies, contracts, clearance, and transportation to the designated landfill, and it enforces strict compliance with all regulations. Part of the process focuses on quality control and random testing to prevent non-treated or unapproved wastes from entering the company's landfills.

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