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 (2024-04-26), Viavi Solutions's share price is $7.97. Viavi Solutions's Book Value per Share for the quarter that ended in Dec. 2023 was $3.27. Hence, Viavi Solutions's PB Ratio of today is 2.44.
Good Sign:
Viavi Solutions Inc stock PB Ratio (=2.45) is close to 5-year low of 2.45
The historical rank and industry rank for Viavi Solutions's PB Ratio or its related term are showing as below:
VIAV'
s PB Ratio Range Over the Past 10 Years
Min: 1.14 Med: 3.14 Max: 5.34
Current: 2.44
During the past 13 years, Viavi Solutions's highest PB Ratio was 5.34. The lowest was 1.14. And the median was 3.14.
VIAV's PB Ratio is ranked worse than 65.89% of 2392
companies
in the Hardware industry
Industry Median: 1.83
vs VIAV: 2.44
During the past 12 months, Viavi Solutions's average Book Value Per Share Growth Rate was 6.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Viavi Solutions was 263.10% per year. The lowest was -64.10% per year. And the median was -0.10% per year.
Back to Basics: PB Ratio
Viavi Solutions PB Ratio Historical Data
The historical data trend for Viavi Solutions'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.
Competitive Comparison of Viavi Solutions's PB Ratio
For the Communication Equipment subindustry, Viavi Solutions'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.
Viavi Solutions's PB Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Viavi Solutions's PB Ratio distribution charts can be found below:
* The bar in red indicates where Viavi Solutions's PB Ratio falls into.
Viavi Solutions 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.
Viavi Solutions'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.
Viavi Solutions PB Ratio Related Terms
Thank you for viewing the detailed overview of Viavi Solutions's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Viavi Solutions (Viavi Solutions) Business Description
Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.
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