Price to Book Value (P/BV)
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Calculation
SolarEdge Technologies Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total SolarEdge Technologies, Inc. stockholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 22, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2018 | = | ÷ | = | ÷ | |||||||
| Aug 17, 2016 | = | ÷ | = | ÷ | |||||||
| Aug 20, 2015 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of SolarEdge Technologies Inc. Annual Report.
- Share Price Trend
- The share price exhibited significant growth over the analyzed periods. Initially, it decreased from $24.60 in August 2015 to a low of $17.76 in August 2016. Subsequently, a strong upward trend was observed, reaching a peak of $321.99 in February 2021. After this peak, the price declined to $246.07 in February 2022, followed by a recovery to $295.71 by February 2023. Overall, the share price increased more than tenfold from 2015 to 2023, indicating heightened market valuation and investor interest.
- Book Value Per Share (BVPS) Trend
- The book value per share presented a steady and consistent increase throughout the period. Starting at $4.25 in August 2015, it rose continually to $38.76 by February 2023, indicating enhanced net asset value attributable to shareholders. This upward trend reflects strengthening financial fundamentals and accumulation of equity over the years.
- Price-to-Book Value Ratio (P/BV) Trend
- The P/BV ratio experienced notable fluctuations during the reviewed years. It started at 5.79 in August 2015, dropped substantially to 2.84 in August 2016, then oscillated upward to reach a high of 15.3 in February 2021, coinciding with the peak share price. After this, it declined to 9.92 by February 2022 and further to 7.63 by February 2023. These variations suggest changing investor sentiment towards the company's valuation relative to its book value, with the ratio peaking when the share price surged sharply.
- Combined Insights
- The data illustrates a company with a strong growth trajectory in terms of book value and market capitalization. The increase in book value per share confirms improving underlying equity value, while the volatile P/BV ratio suggests periods of market re-rating, possibly driven by growth expectations and market conditions. The peak in share price and P/BV ratio around 2021 indicates a phase of heightened market enthusiasm, followed by partial normalization in subsequent years. Despite some fluctuations, the overall trends depict a company with increasing intrinsic value and generally positive market appraisal.
Comparison to Competitors
SolarEdge Technologies Inc., P/BV, long-term trends, comparison to competitors
| SolarEdge Technologies Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 22, 2023 | ||||||||||||
| Feb 22, 2022 | ||||||||||||
| Feb 19, 2021 | ||||||||||||
| Feb 27, 2020 | ||||||||||||
| Feb 28, 2019 | ||||||||||||
| Feb 20, 2018 | ||||||||||||
| Aug 17, 2016 | ||||||||||||
| Aug 20, 2015 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
SolarEdge Technologies Inc., P/BV, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| SolarEdge Technologies Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Feb 22, 2023 | ||
| Feb 22, 2022 | ||
| Feb 19, 2021 | ||
| Feb 27, 2020 | ||
| Feb 28, 2019 | ||
| Feb 20, 2018 | ||
| Aug 17, 2016 | ||
| Aug 20, 2015 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Industry (Information Technology)
SolarEdge Technologies Inc., P/BV, long-term trends, comparison to industry (information technology)
| SolarEdge Technologies Inc. | Information Technology | |
|---|---|---|
| Feb 22, 2023 | ||
| Feb 22, 2022 | ||
| Feb 19, 2021 | ||
| Feb 27, 2020 | ||
| Feb 28, 2019 | ||
| Feb 20, 2018 | ||
| Aug 17, 2016 | ||
| Aug 20, 2015 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).