Enlight Renewable Energy (XTAE:ENLT) PB Ratio : 1.80 (As of May. 10, 2024)

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What is Enlight Renewable Energy 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 (2024-05-10), Enlight Renewable Energy's share price is ₪67.54. Enlight Renewable Energy's Book Value per Share for the quarter that ended in Mar. 2024 was ₪37.54. Hence, Enlight Renewable Energy's PB Ratio of today is 1.80.

The historical rank and industry rank for Enlight Renewable Energy's PB Ratio or its related term are showing as below:

XTAE:ENLT' s PB Ratio Range Over the Past 10 Years
Min: 1.27 Med: 2.45 Max: 4.25
Current: 1.78

During the past 13 years, Enlight Renewable Energy's highest PB Ratio was 4.25. The lowest was 1.27. And the median was 2.45.

XTAE:ENLT's PB Ratio is ranked worse than
62.56% of 414 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.27 vs XTAE:ENLT: 1.78

During the past 12 months, Enlight Renewable Energy's average Book Value Per Share Growth Rate was 6.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 30.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 34.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 29.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Enlight Renewable Energy was 42.90% per year. The lowest was 17.00% per year. And the median was 28.60% per year.

Back to Basics: PB Ratio

Enlight Renewable Energy PB Ratio Historical Data

The historical data trend for Enlight Renewable Energy'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.

Enlight Renewable Energy PB Ratio Chart

Enlight Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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2.98

4.05

3.56

2.44

1.93

Enlight Renewable Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															1.70	1.82	1.66	1.93	1.68

Competitive Comparison of Enlight Renewable Energy's PB Ratio

For the Utilities - Renewable subindustry, Enlight Renewable Energy'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.

Enlight Renewable Energy's PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Enlight Renewable Energy's PB Ratio distribution charts can be found below:

* The bar in red indicates where Enlight Renewable Energy's PB Ratio falls into.

Enlight Renewable Energy 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.

Enlight Renewable Energy's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	67.54	/	37.535
	=	1.80

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.

Enlight Renewable Energy (XTAE:ENLT) 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.

Enlight Renewable Energy PB Ratio Related Terms

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

Enlight Renewable Energy (XTAE:ENLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enlight Renewable Energy Ltd (XTAE:ENLT) » Definitions » PB Ratio

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Traded in Other Exchanges

ENLT:USA

Address

13 Amal Street, P.O. Box 11659, Afek Industrial Park, Rosh Haayin, ISR, 4809249

Website

https://www.enlightenergy.co.il

Enlight Renewable Energy Ltd is a green energy company. It specializes in initiating, developing, financing, constructing, managing, and operating electricity production projects involved in generating electricity from renewable energy sources. It also provides installation services. The company's segments are Photovoltaic Israel, Israel wind, Eastern Europe wind, Eastern Europe Photovoltaic, Western Europe wind energy, and Management and construction. The company generates the majority of its revenue from its Photovoltaic business in Israel and Eastern Europe.