DuPont de Nemours Inc. (NYSE:DD)

The analysis of the financial data over the presented periods reveals notable trends in the share price, book value per share (BVPS), and the price-to-book value ratio (P/BV).

Share Price

The share price experienced significant volatility. Initially, it was relatively stable around the mid-40s US dollars from 2006 to 2008, followed by a sharp decline to a low of 8.1 US dollars in 2009. After this steep drop, the share price generally recovered, reaching a peak of 71.85 US dollars in 2018 before decreasing again to 52 US dollars in 2019, and slightly increasing to 53.1 US dollars by 2020. This pattern suggests a period of financial distress or market challenge around 2009, succeeded by a strong recovery and subsequent moderate fluctuations.

Book Value Per Share (BVPS)

The BVPS showed a more stable and upward trend overall, rising from 47.52 US dollars in 2006 to a peak of 129.23 US dollars in 2018. This increase indicates an overall growth in net asset value per share during this period. However, the data depicts some volatility; notable declines occurred in 2009 and again after 2018, with a marked reduction to 55.43 US dollars by 2020. The peak in 2018 suggests a strong balance sheet position at that time, while the sharp drop by 2020 may reflect asset write-downs, restructurings, or other impairments.

Price-to-Book Value Ratio (P/BV)

The P/BV ratio was generally below 1 throughout the period, indicating that the share price was consistently trading at a discount relative to the book value per share. The ratio fell to a low of 0.18 in 2009, coinciding with the significant drop in share price during the same period, and then fluctuated between approximately 0.4 and 0.94 in the years following. The lowest P/BV ratios were observed in 2008, 2009, and again starting 2018, suggesting periods of market pessimism or perceived undervaluation. The highest ratio nearing 0.96 in 2020 signals a relative improvement in market perception compared to book value, despite the lower absolute share price and BVPS compared to the 2018 peak.

Overall, the data indicates that while the company's tangible book value per share grew substantially over the longer term, the market valuation pressures resulted in share prices often trading below book value, particularly during periods of economic or company-specific challenges. The divergence in trends between share price and book value highlights market volatility and changing investor sentiment within the timeframe analyzed.