NewMarket's book value per share for the quarter that ended in Mar. 2024 was $120.57.
During the past 12 months, NewMarket's average Book Value Per Share Growth Rate was 42.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.30% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of NewMarket was 28.90% per year. The lowest was -33.60% per year. And the median was 7.60% per year.
NewMarket's current price is $529.41. Its book value per share for the quarter that ended in Mar. 2024 was $120.57. Hence, today's PB Ratio of NewMarket is 4.39.
During the past 13 years, the highest P/B Ratio of NewMarket was 14.13. The lowest was 3.90. And the median was 7.97.
Good Sign:
NewMarket Corp stock PB Ratio (=4.75) is close to 1-year low of 4.32
NewMarket Book Value per Share Historical Data
The historical data trend for NewMarket's Book Value per Share 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 NewMarket's Book Value per Share
For the Specialty Chemicals subindustry, NewMarket'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.
NewMarket's PB Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, NewMarket's PB Ratio distribution charts can be found below:
* The bar in red indicates where NewMarket's PB Ratio falls into.
NewMarket Book Value per Share Calculation
NewMarket's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
NewMarket (NYSE:NEU) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
NewMarket Book Value per Share Related Terms
Thank you for viewing the detailed overview of NewMarket's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
NewMarket Corp is a holding company that, through its subsidiaries, manufactures and sells petroleum additives. Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. It comprises two broad product applications. Lubricant additives are formulated chemical solutions that, when blended with base fluids, improve the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids. Fuel additives are chemical components that help oil refiners meet fuel specifications or formulated packages that improve the performance of gasoline, diesel, biofuels, and other fuels. More revenue comes from the United States than any other geographic region.
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