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 (2024-04-24), Verizon Communications's share price is $39.70. Verizon Communications's Book Value per Share for the quarter that ended in Mar. 2024 was $22.41. Hence, Verizon Communications's PB Ratio of today is 1.77.
The historical rank and industry rank for Verizon Communications's PB Ratio or its related term are showing as below:
VZ'
s PB Ratio Range Over the Past 10 Years
Min: 1.32 Med: 4.17 Max: 22.01
Current: 1.77
During the past 13 years, Verizon Communications's highest PB Ratio was 22.01. The lowest was 1.32. And the median was 4.17.
VZ's PB Ratio is ranked worse than 53.28% of 366
companies
in the Telecommunication Services industry
Industry Median: 1.715
vs VZ: 1.77
During the past 12 months, Verizon Communications's average Book Value Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Verizon Communications was 52.80% per year. The lowest was -38.40% per year. And the median was 2.60% per year.
Back to Basics: PB Ratio
Verizon Communications PB Ratio Historical Data
The historical data trend for Verizon Communications'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 Telecom Services subindustry, Verizon Communications'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.
Verizon Communications PB Ratio Distribution
For the Telecommunication Services industry and Communication Services sector, Verizon Communications's PB Ratio distribution charts can be found below:
* The bar in red indicates where Verizon Communications's PB Ratio falls into.
Verizon Communications 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.
Verizon Communications'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.
Verizon Communications (NYSE:VZ) PB Ratio Explanation
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.
Verizon Communications PB Ratio Related Terms
Thank you for viewing the detailed overview of Verizon Communications's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Verizon Communications (Verizon Communications) Business Description
Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
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