Palestine Investment Bank (XPAE:PIBC) PB Ratio : 0.83 (As of Jun. 04, 2024)

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What is Palestine Investment Bank 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 (2024-06-04), Palestine Investment Bank's share price is $1.11. Palestine Investment Bank's Book Value per Share for the quarter that ended in Dec. 2023 was $1.34. Hence, Palestine Investment Bank's PB Ratio of today is 0.83.

Good Sign:

Palestine Investment Bank stock PB Ratio (=0.84) is close to 5-year low of 0.77

The historical rank and industry rank for Palestine Investment Bank's PB Ratio or its related term are showing as below:

XPAE:PIBC' s PB Ratio Range Over the Past 10 Years
Min: 0.66 Med: 0.85 Max: 1.07
Current: 0.84

During the past 13 years, Palestine Investment Bank's highest PB Ratio was 1.07. The lowest was 0.66. And the median was 0.85.

XPAE:PIBC's PB Ratio is ranked better than
52.27% of 1456 companies
in the Banks industry
Industry Median: 0.86 vs XPAE:PIBC: 0.84

During the past 12 months, Palestine Investment Bank's average Book Value Per Share Growth Rate was 1.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Palestine Investment Bank was 3.90% per year. The lowest was -6.40% per year. And the median was 2.05% per year.

Back to Basics: PB Ratio

Palestine Investment Bank PB Ratio Historical Data

The historical data trend for Palestine Investment Bank'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.

Palestine Investment Bank PB Ratio Chart

Palestine Investment Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.01

0.93

0.92

0.87

0.92

Palestine Investment Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.87	0.84	0.83	0.77	0.92

Competitive Comparison of Palestine Investment Bank's PB Ratio

For the Banks - Regional subindustry, Palestine Investment Bank'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.

Palestine Investment Bank's PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Palestine Investment Bank's PB Ratio distribution charts can be found below:

* The bar in red indicates where Palestine Investment Bank's PB Ratio falls into.

Palestine Investment Bank 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.

Palestine Investment Bank's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.11	/	1.341
	=	0.83

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.

Palestine Investment Bank (XPAE:PIBC) 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.

Palestine Investment Bank PB Ratio Related Terms

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

Palestine Investment Bank (XPAE:PIBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Palestine Investment Bank (XPAE:PIBC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Irsal street, Al-Bireh, PSE

Website

http://www.pibbank.com

Palestine Investment Bank is engaged in banking and financial activities in Palestine. The services provided by bank includes Current Account, Savings Account, Term Deposit Account and Smart Deposit. The commercial services of the bank include Letters of Credit, Issuing Letters of Guarantee and Bills for Collection. The company's operating business segments are Retail banking, Corporate banking services, Treasury and others. The revenue of the company derives from retail banking.

Palestine Investment Bank (XPAE:PIBC) Headlines

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