Alcon (ALC) PB Ratio

: 1.90 (As of Today)

View and export this data going back to 2019. Start your Free Trial

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 (2024-04-20), Alcon's share price is $79.55. Alcon's Book Value per Share for the quarter that ended in Dec. 2023 was $41.81. Hence, Alcon's PB Ratio of today is 1.90.

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

ALC' s PB Ratio Range Over the Past 10 Years
Min: 1.12 Med: 1.79 Max: 2.25
Current: 2.02

During the past 8 years, Alcon's highest PB Ratio was 2.25. The lowest was 1.12. And the median was 1.79.

ALC's PB Ratio is ranked better than
52.96% of 795 companies
in the Medical Devices & Instruments industry
Industry Median: 2.16 vs ALC: 2.02

During the past 12 months, Alcon's average Book Value Per Share Growth Rate was -3.30% 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 -3.50% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Alcon was 1.90% per year. The lowest was -9.80% per year. And the median was -4.50% per year.

Back to Basics: PB Ratio

Alcon PB Ratio Historical Data

The historical data trend for Alcon'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.

Alcon Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

1.43

1.71

2.22

1.71

1.87

Alcon Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio																1.71	-	-	-	1.87

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Alcon'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.

Alcon PB Ratio Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Alcon's PB Ratio distribution charts can be found below:

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

Alcon 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.

Alcon's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	79.55	/	41.813
	=	1.90

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.

Alcon (NYSE:ALC) 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.

Alcon PB Ratio Related Terms

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

Alcon (ALC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Alcon Inc (NYSE:ALC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

ALC:Mexico ALCz:UK 0A0D:UK ALC:Switzerland

Address

Chemin de Blandonnet 8, Royce Bedward, Vernier, Geneva, CHE, 1214

Website

https://www.alcon.com

Alcon is one of the leading visioncare companies in the world. Following nine years as a Novartis subsidiary, it was spun off as a public company in April 2019. Alcon operates in two segments: visioncare and surgical. Visioncare comprises contact lenses, lenscare solutions, and a suite of ocular health products. With brands like Dailies, Total1, and Air Optix, Alcon controls one fourth of the U.S. contact lens market. Surgical comprises intraocular lenses, ophthalmic surgical equipment, and consumables used during surgeries. Its main products include Centurion, a phacoemulsification device used during cataract surgeries, and a portfolio of IOLs including PanOptix and Vivity. Alcon has one of the largest installed bases of eye surgical equipment in the world.