Stock Analysis on Net

Charter Communications Inc. (NASDAQ:CHTR)

$24.99

Price to Book Value (P/BV)
since 2010

Microsoft Excel

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Calculation

Charter Communications Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Charter Communications Inc. Annual Report.


The share price exhibits a general upward trend over the analyzed period, increasing from $51.90 in early 2011 to a peak of $607.56 around January 2021. Following this peak, the share price declines notably to $319.21 by early 2024, before showing a slight recovery to $345.49 by early 2025. This pattern indicates strong growth in the initial years, a significant appreciation by 2021, and subsequent price correction with some stabilization thereafter.

The book value per share (BVPS) demonstrates considerable volatility. Initially at $12.90 in 2011, it declines sharply to a low point of negative $0.41 in early 2016, indicating potential equity erosion during this period. Following this low, BVPS recovers dramatically to reach values exceeding $149 by early 2017 and remains elevated, with some fluctuations, settling at $109.81 in early 2025. This recovery suggests notable improvements in net assets or organizational restructuring that enhanced shareholder equity.

The price-to-book value ratio (P/BV) shows significant fluctuations corresponding with the movements in share price and BVPS. The ratio skyrockets from 4.02 in 2011 to an extremely high 136.37 in 2015, likely driven by the deterioration of book value rather than share price increases alone. After this outlier period, the ratio normalizes, settling between approximately 2.06 and 7.26 in later years. Notably, P/BV decreases steadily from a high of 7.26 in early 2022 to 3.15 by early 2025, indicating a relative convergence between market valuation and book value over the recent years.

Overall, the financial indicators reflect a phase of distress or write-downs leading to diminished book value around 2015-2016, followed by a substantial recovery in equity base alongside comparable share price growth. The market's valuation in relation to book value peaked during the mid-2010s but has since moderated, indicating a potentially more balanced investor perception of the company's intrinsic value in recent years.


Comparison to Competitors

Charter Communications Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).


Comparison to Sector (Media & Entertainment)

Charter Communications Inc., P/BV, long-term trends, comparison to sector (media & entertainment)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).


Comparison to Industry (Communication Services)

Charter Communications Inc., P/BV, long-term trends, comparison to industry (communication services)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).