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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 (2024-05-11), Harrow's share price is $11.60. Harrow's Book Value per Share for the quarter that ended in Dec. 2023 was $2.01. Hence, Harrow's PB Ratio of today is 5.77.
The historical rank and industry rank for Harrow's PB Ratio or its related term are showing as below:
During the past 13 years, Harrow's highest PB Ratio was 612.50. The lowest was 2.17. And the median was 8.72.
During the past 12 months, Harrow's average Book Value Per Share Growth Rate was 118.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 24.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Harrow was 102.60% per year. The lowest was -47.50% per year. And the median was 9.35% per year.
The historical data trend for Harrow'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.
Harrow Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
PB Ratio | Get a 7-Day Free Trial | 7.16 | 6.50 | 20.57 | 15.99 | 5.57 |
Harrow Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
PB Ratio | Get a 7-Day Free Trial | 15.99 | 29.07 | 25.73 | 6.66 | 5.57 |
For the Drug Manufacturers - Specialty & Generic subindustry, Harrow'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.
For the Drug Manufacturers industry and Healthcare sector, Harrow's PB Ratio distribution charts can be found below:
* The bar in red indicates where Harrow's PB Ratio falls into.
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.
Harrow's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Dec. 2023) |
= | 11.60 | / | 2.012 | |
= | 5.77 |
* 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:
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.
Harrow (NAS:HROW) 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.
Thank you for viewing the detailed overview of Harrow's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark L Baum | director, 10 percent owner, officer: Chief Executive Officer | C/O IMPRIMIS PHARMACEUTICALS, INC, 12264 EL CAMINO REAL, SUITE 350, SAN DIEGO CA 92130 |
Opaleye Management Inc. | 10 percent owner | ONE BOSTON PLACE, SUITE 2600, BOSTON MA 02108 |
Martin A. Makary | director | 102 WOODMONT BLVD., SUITE 610, NASHVILLE TN 37205 |
Van Horn R. Lawrence | director | 354 COOL SPRINGS BLVD., SUITE 106, FRANKLIN TN 37067 |
Andrew Boll | officer: VP, Accounting and Reporting | 437 S HWY 101, STE 209, SOLANA BEACH CA 92075 |
Lindstrom Richard L Md | director | 2811 WESTWOOD PL, WAYZATA MN 55391 |
Perry J. Sternberg | director | 102 WOODMONT BLVD., SUITE 610, NASHVILLE TN 37205 |
Teresa Sparks | director | 40 BURTON HILLS BOULEVARD SUITE 500, NASHVILLE TN 37215 |
Robert J Kammer | director, 10 percent owner, officer: Chairman of the Board | 1440 28TH STREET, SUITE 9, BOULDER CO 80303 |
Longboard Capital Advisors, Llc | other: Institutional Investor | 9665 WILSHIRE BLVD., SUITE 430, BEVERLY HILLS CA 90212 |
Brett Conrad | other: Managing Mbr of Longboard Cap. | 1312 CEDAR ST., SANTA MONICA CA 90405 |
Clayton D Edwards | officer: Chief Operating Officer | 12264 EL CAMINO REAL, SUITE 350, SAN DIEGO CA 92130 |
Anthony Principi | director | 2300 WEST PLANO PARKWAY, M/S D2420, PLANO TX 75244 |
Donald Paul Miloni | 10 percent owner | 1425 GREENWOOD LANE, GREENWOOD VILLAGE CO 80125 |
John P. Saharek | officer: Chief Commercial Officer | 12264 EL CAMINO REAL, SUITE 350, SAN DIEGO CA 92130 |
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