Firan Technology Group (TSX:FTG) PB Ratio : 2.07 (As of May. 29, 2024)

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What is Firan Technology Group 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 (2024-05-29), Firan Technology Group's share price is C$5.25. Firan Technology Group's Book Value per Share for the quarter that ended in Feb. 2024 was C$2.53. Hence, Firan Technology Group's PB Ratio of today is 2.07.

The historical rank and industry rank for Firan Technology Group's PB Ratio or its related term are showing as below:

TSX:FTG' s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 1.48 Max: 3.42
Current: 2.09

During the past 13 years, Firan Technology Group's highest PB Ratio was 3.42. The lowest was 0.47. And the median was 1.48.

TSX:FTG's PB Ratio is ranked better than
61.67% of 287 companies
in the Aerospace & Defense industry
Industry Median: 2.6 vs TSX:FTG: 2.09

During the past 12 months, Firan Technology Group's average Book Value Per Share Growth Rate was 16.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 13.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Firan Technology Group was 43.50% per year. The lowest was -27.90% per year. And the median was 5.05% per year.

Back to Basics: PB Ratio

Firan Technology Group PB Ratio Historical Data

The historical data trend for Firan Technology Group'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.

Firan Technology Group PB Ratio Chart

Firan Technology Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

PB Ratio

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1.91

0.98

1.15

0.92

1.80

Firan Technology Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
PB Ratio	Get a 7-Day Free Trial															1.34	1.41	1.48	1.80	2.26

Competitive Comparison of Firan Technology Group's PB Ratio

For the Aerospace & Defense subindustry, Firan Technology Group'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.

Firan Technology Group's PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Firan Technology Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Firan Technology Group's PB Ratio falls into.

Firan Technology Group 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.

Firan Technology Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Feb. 2024)
	=	5.25	/	2.532
	=	2.07

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.

Firan Technology Group (TSX:FTG) 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.

Firan Technology Group PB Ratio Related Terms

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

Firan Technology Group (TSX:FTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Firan Technology Group Corp (TSX:FTG) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

FTGFF:USA

Address

250 Finchdene Square, Finance Dept, Toronto, ON, CAN, M1X 1A5

Website

https://www.ftgcorp.com

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States. The majority of revenue is from the Circuit segment.

Executives

Amy Rice	Director
Bradley Collier Bourne	Senior Officer

Firan Technology Group (TSX:FTG) Headlines

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