Vision Marine Technologies (Vision Marine Technologies) PB Ratio : 1.56 (As of May. 02, 2024)

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What is Vision Marine Technologies 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 (2024-05-02), Vision Marine Technologies's share price is $0.61. Vision Marine Technologies's Book Value per Share for the quarter that ended in Feb. 2024 was $0.39. Hence, Vision Marine Technologies's PB Ratio of today is 1.56.

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

VMAR' s PB Ratio Range Over the Past 10 Years
Min: 0.71 Med: 2.24 Max: 174.32
Current: 1.56

During the past 6 years, Vision Marine Technologies's highest PB Ratio was 174.32. The lowest was 0.71. And the median was 2.24.

VMAR's PB Ratio is ranked worse than
53.99% of 1252 companies
in the Vehicles & Parts industry
Industry Median: 1.45 vs VMAR: 1.56

During the past 12 months, Vision Marine Technologies's average Book Value Per Share Growth Rate was -62.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 111.70% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Vision Marine Technologies was 111.70% per year. The lowest was 111.70% per year. And the median was 111.70% per year.

Back to Basics: PB Ratio

Vision Marine Technologies PB Ratio Historical Data

The historical data trend for Vision Marine Technologies'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.

Vision Marine Technologies PB Ratio Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

PB Ratio

Get a 7-Day Free Trial

2.01

2.91

4.84

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	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															4.09	4.03	4.84	1.49	2.02

Competitive Comparison of Vision Marine Technologies's PB Ratio

For the Recreational Vehicles subindustry, Vision Marine Technologies'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.

Vision Marine Technologies's PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vision Marine Technologies's PB Ratio distribution charts can be found below:

* The bar in red indicates where Vision Marine Technologies's PB Ratio falls into.

Vision Marine Technologies 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.

Vision Marine Technologies's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Feb. 2024)
	=	0.61	/	0.392
	=	1.56

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.

Vision Marine Technologies (NAS:VMAR) 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.

Vision Marine Technologies PB Ratio Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.