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), Polar Power's share price is $0.38. Polar Power's Book Value per Share for the quarter that ended in Dec. 2023 was $0.75. Hence, Polar Power's PB Ratio of today is 0.51.
The historical rank and industry rank for Polar Power's PB Ratio or its related term are showing as below:
POLA'
s PB Ratio Range Over the Past 10 Years
Min: 0.36 Med: 1.98 Max: 24.13
Current: 0.51
During the past 10 years, Polar Power's highest PB Ratio was 24.13. The lowest was 0.36. And the median was 1.98.
POLA's PB Ratio is ranked better than 94.19% of 2928
companies
in the Industrial Products industry
Industry Median: 1.94
vs POLA: 0.51
During the past 12 months, Polar Power's average Book Value Per Share Growth Rate was -46.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -8.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -14.60% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Polar Power was 163.80% per year. The lowest was -24.30% per year. And the median was -8.00% per year.
Back to Basics: PB Ratio
Polar Power PB Ratio Historical Data
The historical data trend for Polar Power'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.
For the Electrical Equipment & Parts subindustry, Polar Power'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.
Polar Power's PB Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polar Power's PB Ratio distribution charts can be found below:
* The bar in red indicates where Polar Power's PB Ratio falls into.
Polar Power 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.
Polar Power's PB Ratio for today is calculated as follows:
* 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:
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.
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.
Polar Power PB Ratio Related Terms
Thank you for viewing the detailed overview of Polar Power's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.
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