Price to Book Value (P/BV)
since 2005
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Albemarle Corp. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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Calculation
Albemarle Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Albemarle Corporation shareholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 15, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2016 | = | ÷ | = | ÷ | |||||||
| Mar 2, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 15, 2006 | = | ÷ | = | ÷ |
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: 2016-12-31), 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), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Albemarle Corp. Annual Report.
- Share Price Trends
- The share price exhibits considerable volatility over the observed period. It initially increased sharply from $22.05 in March 2006 to a peak of $40.98 in March 2007 before declining to $19.35 by February 2009. Subsequently, the price recovered and showed an upward trajectory with some fluctuations, reaching $101.51 by February 2017. After peaking around this value, the share price experienced a moderate decline until 2020 but surged significantly thereafter, achieving the highest noted value of $272.79 by February 2023.
- Book Value per Share (BVPS) Evolution
- BVPS showed a generally increasing trend throughout the period. Starting from $9.85 in 2006, it increased steadily with some fluctuations, notably dropping from $20.47 in 2014 to $12.12 in 2015. Thereafter, it rose consistently, reaching $68.11 by February 2023. This long-term growth suggests an overall improvement in net asset value on a per-share basis despite occasional short-term declines.
- Price-to-Book Value (P/BV) Ratio Behavior
- The P/BV ratio displays notable fluctuations, reflecting changes in the company's market valuation relative to its book value. It was relatively high in the early years, peaking at 4.68 in 2014. The ratio dropped significantly to 1.94 in 2016, indicating the share price was close to the book value at that time. Subsequently, the ratio stabilized between approximately 2.3 and 4.3, reaching around 4.01 in 2023. The variability in this ratio signals changing market perceptions and investor sentiment regarding the company’s value, with periods where the shares were undervalued or overvalued relative to book value.
- Overall Insight
- Over the period analyzed, the company demonstrated strong growth in intrinsic value as evidenced by the steady rise in book value per share. Despite intermittent fluctuations coinciding with broader market or company-specific factors, share price trends ultimately reflected robust appreciation, particularly post-2020. The P/BV ratio's variability indicates investors' shifting confidence levels in the company's prospects, but the generally elevated ratios in recent years suggest optimism about future performance and relative growth potential.
Comparison to Competitors
Albemarle Corp., P/BV, long-term trends, comparison to competitors
| Albemarle Corp. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Feb 15, 2023 | |||
| Feb 22, 2022 | |||
| Feb 19, 2021 | |||
| Feb 26, 2020 | |||
| Feb 27, 2019 | |||
| Feb 28, 2018 | |||
| Feb 28, 2017 | |||
| Feb 29, 2016 | |||
| Mar 2, 2015 | |||
| Feb 25, 2014 | |||
| Feb 15, 2013 | |||
| Feb 22, 2012 | |||
| Feb 25, 2011 | |||
| Feb 26, 2010 | |||
| Feb 27, 2009 | |||
| Feb 29, 2008 | |||
| Mar 1, 2007 | |||
| Mar 15, 2006 |
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: 2016-12-31), 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), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Chemicals)
Albemarle Corp., P/BV, long-term trends, comparison to sector (chemicals)
| Albemarle Corp. | Chemicals | |
|---|---|---|
| Feb 15, 2023 | ||
| Feb 22, 2022 | ||
| Feb 19, 2021 | ||
| Feb 26, 2020 | ||
| Feb 27, 2019 | ||
| Feb 28, 2018 | ||
| Feb 28, 2017 | ||
| Feb 29, 2016 | ||
| Mar 2, 2015 | ||
| Feb 25, 2014 | ||
| Feb 15, 2013 | ||
| Feb 22, 2012 | ||
| Feb 25, 2011 | ||
| Feb 26, 2010 | ||
| Feb 27, 2009 | ||
| Feb 29, 2008 | ||
| Mar 1, 2007 | ||
| Mar 15, 2006 |
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: 2016-12-31), 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), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
Albemarle Corp., P/BV, long-term trends, comparison to industry (materials)
| Albemarle Corp. | Materials | |
|---|---|---|
| Feb 15, 2023 | ||
| Feb 22, 2022 | ||
| Feb 19, 2021 | ||
| Feb 26, 2020 | ||
| Feb 27, 2019 | ||
| Feb 28, 2018 | ||
| Feb 28, 2017 | ||
| Feb 29, 2016 | ||
| Mar 2, 2015 | ||
| Feb 25, 2014 | ||
| Feb 15, 2013 | ||
| Feb 22, 2012 | ||
| Feb 25, 2011 | ||
| Feb 26, 2010 | ||
| Feb 27, 2009 | ||
| Feb 29, 2008 | ||
| Mar 1, 2007 | ||
| Mar 15, 2006 |
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: 2016-12-31), 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), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).