Top Glove Bhd (Top Glove Bhd) PB Ratio : 0.84 (As of Apr. 27, 2024)

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What is Top Glove Bhd 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 (2024-04-27), Top Glove Bhd's share price is $0.1274. Top Glove Bhd's Book Value per Share for the quarter that ended in Feb. 2024 was $0.15. Hence, Top Glove Bhd's PB Ratio of today is 0.84.

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

TPGVF' s PB Ratio Range Over the Past 10 Years
Min: 0.74 Med: 3.36 Max: 15.82
Current: 1.12

During the past 13 years, Top Glove Bhd's highest PB Ratio was 15.82. The lowest was 0.74. And the median was 3.36.

TPGVF's PB Ratio is ranked better than
76.35% of 795 companies
in the Medical Devices & Instruments industry
Industry Median: 2.19 vs TPGVF: 1.12

During the past 12 months, Top Glove Bhd's average Book Value Per Share Growth Rate was -10.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 23.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 19.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Top Glove Bhd was 42.20% per year. The lowest was -1.00% per year. And the median was 14.00% per year.

Back to Basics: PB Ratio

Top Glove Bhd PB Ratio Historical Data

The historical data trend for Top Glove Bhd'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.

Top Glove Bhd PB Ratio Chart

Top Glove Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

PB Ratio

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2.78

11.42

4.43

0.88

0.87

Top Glove Bhd 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															0.79	1.42	0.87	1.44	0.95

Competitive Comparison of Top Glove Bhd's PB Ratio

For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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.

Top Glove Bhd's PB Ratio Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Top Glove Bhd's PB Ratio falls into.

Top Glove Bhd 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.

Top Glove Bhd's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Feb. 2024)
	=	0.1274	/	0.152
	=	0.84

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.

Top Glove Bhd (OTCPK:TPGVF) 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.

Top Glove Bhd PB Ratio Related Terms

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Top Glove Bhd (Top Glove Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Top Glove Corp Bhd (OTCPK:TPGVF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

TGLVY:USA BVA:Singapore 7113:Malaysia

Address

16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170

Website

https://www.topglove.com

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.

Top Glove Bhd (Top Glove Bhd) Headlines

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