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 (2024-05-03), Loop Industries's share price is $2.6949. Loop Industries's Book Value per Share for the quarter that ended in Nov. 2023 was $0.40. Hence, Loop Industries's PB Ratio of today is 6.77.
The historical rank and industry rank for Loop Industries's PB Ratio or its related term are showing as below:
LOOP'
s PB Ratio Range Over the Past 10 Years
Min: 2.67 Med: 5.67 Max: 11.21
Current: 6.74
During the past 13 years, Loop Industries's highest PB Ratio was 11.21. The lowest was 2.67. And the median was 5.67.
LOOP's PB Ratio is ranked worse than 93.28% of 1533
companies
in the Chemicals industry
Industry Median: 1.6
vs LOOP: 6.74
During the past 12 months, Loop Industries's average Book Value Per Share Growth Rate was -33.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -9.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 39.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Loop Industries was 142.00% per year. The lowest was -9.60% per year. And the median was 77.80% per year.
Back to Basics: PB Ratio
Loop Industries PB Ratio Historical Data
The historical data trend for Loop Industries'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 Loop Industries's PB Ratio
For the Specialty Chemicals subindustry, Loop Industries'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.
Loop Industries's PB Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Loop Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Loop Industries's PB Ratio falls into.
Loop Industries 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.
Loop Industries's PB Ratio for today is calculated as follows:
* 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.
Loop Industries PB Ratio Related Terms
Thank you for viewing the detailed overview of Loop Industries's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Loop Industries (Loop Industries) Business Description
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
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