Mitsubishi Electric (Mitsubishi Electric) PB Ratio : 1.43 (As of Apr. 27, 2024)

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What is Mitsubishi Electric 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 (2024-04-27), Mitsubishi Electric's share price is $32.38. Mitsubishi Electric's Book Value per Share for the quarter that ended in Dec. 2023 was $22.61. Hence, Mitsubishi Electric's PB Ratio of today is 1.43.

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

MIELY' s PB Ratio Range Over the Past 10 Years
Min: 0.88 Med: 1.38 Max: 2.07
Current: 1.53

During the past 13 years, Mitsubishi Electric's highest PB Ratio was 2.07. The lowest was 0.88. And the median was 1.38.

MIELY's PB Ratio is ranked better than
63.09% of 2926 companies
in the Industrial Products industry
Industry Median: 1.9 vs MIELY: 1.53

During the past 12 months, Mitsubishi Electric's average Book Value Per Share Growth Rate was 11.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mitsubishi Electric was 33.70% per year. The lowest was -17.10% per year. And the median was 8.65% per year.

Back to Basics: PB Ratio

Mitsubishi Electric PB Ratio Historical Data

The historical data trend for Mitsubishi Electric'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.

Mitsubishi Electric PB Ratio Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

Get a 7-Day Free Trial

1.28

1.17

1.30

0.96

1.04

Mitsubishi Electric 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															0.92	1.04	1.25	1.12	1.25

Competitive Comparison of Mitsubishi Electric's PB Ratio

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.

Mitsubishi Electric's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's PB Ratio distribution charts can be found below:

* The bar in red indicates where Mitsubishi Electric's PB Ratio falls into.

Mitsubishi Electric 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.

Mitsubishi Electric's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	32.38	/	22.608
	=	1.43

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.

Mitsubishi Electric (OTCPK:MIELY) 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.

Mitsubishi Electric PB Ratio Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.