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 (2024-04-24), Park Hotels & Resorts's share price is $16.79. Park Hotels & Resorts's Book Value per Share for the quarter that ended in Dec. 2023 was $18.16. Hence, Park Hotels & Resorts's PB Ratio of today is 0.92.
The historical rank and industry rank for Park Hotels & Resorts's PB Ratio or its related term are showing as below:
PK'
s PB Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.94 Max: 1.49
Current: 0.92
During the past 11 years, Park Hotels & Resorts's highest PB Ratio was 1.49. The lowest was 0.25. And the median was 0.94.
PK's PB Ratio is ranked worse than 58.5% of 853
companies
in the REITs industry
Industry Median: 0.84
vs PK: 0.92
During the past 12 months, Park Hotels & Resorts's average Book Value Per Share Growth Rate was -6.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -8.90% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Park Hotels & Resorts was 28.40% per year. The lowest was -12.40% per year. And the median was -4.30% per year.
Back to Basics: PB Ratio
Park Hotels & Resorts PB Ratio Historical Data
The historical data trend for Park Hotels & Resorts'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 Park Hotels & Resorts's PB Ratio
For the REIT - Hotel & Motel subindustry, Park Hotels & Resorts'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.
Park Hotels & Resorts's PB Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Park Hotels & Resorts's PB Ratio distribution charts can be found below:
* The bar in red indicates where Park Hotels & Resorts's PB Ratio falls into.
Park Hotels & Resorts 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.
Park Hotels & Resorts'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.
Park Hotels & Resorts (NYSE:PK) PB Ratio Explanation
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.
Park Hotels & Resorts PB Ratio Related Terms
Thank you for viewing the detailed overview of Park Hotels & Resorts's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Park Hotels & Resorts (Park Hotels & Resorts) Business Description
Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.
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