Redishred Capital (TSXV:KUT) PB Ratio : 1.11 (As of May. 12, 2024)

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What is Redishred Capital 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 (2024-05-12), Redishred Capital's share price is C$2.85. Redishred Capital's Book Value per Share for the quarter that ended in Dec. 2023 was C$2.58. Hence, Redishred Capital's PB Ratio of today is 1.11.

Good Sign:

Redishred Capital Corp stock PB Ratio (=1.11) is close to 3-year low of 1

The historical rank and industry rank for Redishred Capital's PB Ratio or its related term are showing as below:

TSXV:KUT' s PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 2.13 Max: 68.75
Current: 1.11

During the past 13 years, Redishred Capital's highest PB Ratio was 68.75. The lowest was 0.87. And the median was 2.13.

TSXV:KUT's PB Ratio is ranked better than
69.88% of 1026 companies
in the Business Services industry
Industry Median: 1.8 vs TSXV:KUT: 1.11

During the past 12 months, Redishred Capital's average Book Value Per Share Growth Rate was -0.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Redishred Capital was 153.50% per year. The lowest was -35.40% per year. And the median was 10.45% per year.

Back to Basics: PB Ratio

Redishred Capital PB Ratio Historical Data

The historical data trend for Redishred Capital'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.

Redishred Capital PB Ratio Chart

Redishred Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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2.36

1.40

1.96

1.43

1.12

Redishred Capital 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															1.43	1.28	1.47	1.17	1.12

Competitive Comparison of Redishred Capital's PB Ratio

For the Specialty Business Services subindustry, Redishred Capital'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.

Redishred Capital's PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Redishred Capital's PB Ratio distribution charts can be found below:

* The bar in red indicates where Redishred Capital's PB Ratio falls into.

Redishred Capital 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.

Redishred Capital's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	2.85	/	2.575
	=	1.11

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.

Redishred Capital (TSXV:KUT) 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.

Redishred Capital PB Ratio Related Terms

Thank you for viewing the detailed overview of Redishred Capital's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Redishred Capital (TSXV:KUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redishred Capital Corp (TSXV:KUT) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

RDCPF:USA

Address

2233 Argentia Road, Suite 202, Mississauga, ON, CAN, L5N 2X7

Website

https://www.proshred.com

Redishred Capital Corp is a company that manages and operates the Proshred brand and business platform in the United States and internationally. It operates the Proshred system under two business models, via franchising in the United States, and via direct ownership of shredding trucks and facilities in eight locations in the United States. The operating segments of the company are (1) the granting and managing of shredding business franchises under the "Proshred" trademark (Franchising and licensing), (2) the operation of the corporately owned shredding business (Corporate locations) and (3) supporting the franchises and corporately owned shredding businesses (Corporate).

Redishred Capital (TSXV:KUT) Headlines

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