Erayak Power Solution Group (Erayak Power Solution Group) 3-Year Book Growth Rate : 79.40% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Erayak Power Solution Group 3-Year Book Growth Rate?

Erayak Power Solution Group's Book Value per Share for the quarter that ended in Dec. 2023 was $1.62.

During the past 12 months, Erayak Power Solution Group's average Book Value per Share Growth Rate was 4.40% per year. During the past 3 years, the average Book Value per Share Growth Rate was 79.40% 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 average Book Value per Share growth rate.

During the past 5 years, the highest 3-Year average Book Value per Share Growth Rate of Erayak Power Solution Group was 167.70% per year. The lowest was 79.40% per year. And the median was 123.55% per year.

Competitive Comparison of Erayak Power Solution Group's 3-Year Book Growth Rate

For the Electrical Equipment & Parts subindustry, Erayak Power Solution Group's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Erayak Power Solution Group's 3-Year Book Growth Rate Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Erayak Power Solution Group's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Erayak Power Solution Group's 3-Year Book Growth Rate falls into.

Erayak Power Solution Group 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

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 average Book Value per Share growth rate.

Erayak Power Solution Group (NAS:RAYA) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Erayak Power Solution Group 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of Erayak Power Solution Group's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Erayak Power Solution Group (Erayak Power Solution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators.