Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Price to Book Value (P/BV) 
since 2005

Microsoft Excel

Calculation

Albemarle Corp., P/BV, long-term trends, calculation

Microsoft Excel

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

Microsoft Excel

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)

Microsoft Excel

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)

Microsoft Excel

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).