Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Paying user area
Try for free
GE Aerospace pages available for free this week:
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to GE Aerospace for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Historical Valuation Ratios (Summary)
GE Aerospace, historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
The financial ratios for the company demonstrate notable fluctuations and relatively complex trends over the observed periods. An analysis of each key ratio provides insight into the company's valuation and market perception over time.
- Price to Earnings (P/E) Ratio
- The P/E ratio exhibits considerable variability, starting without available data initially, reaching a value of approximately 19.67 in early 2021. It then shows a period of relative stability with figures fluctuating between roughly 12.7 and 16.2 through late 2023. Starting in early 2024, the P/E ratio begins a marked upward trend, peaking at 52.9 by the end of the first quarter, then declining to the range of 28.8 to 40.1 in the following quarters. This sharp increase followed by moderate decline may suggest changing investor expectations about future earnings growth or shifting market conditions impacting earnings valuation.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio data begins in mid-2020 with a value near 25.64, increasing to a peak around 35.58 shortly thereafter. Subsequently, it declines steadily to a low near 13.51 by late 2021, indicative of potentially improving operating profitability relative to share price. From 2022 onward, the ratio exhibits moderate fluctuations between approximately 15.7 and 28.9, without a definitive directional trend. This pattern suggests operating profits and share prices are influenced by cyclical or market dynamics with no sustained advantage in valuation observed over recent years.
- Price to Sales (P/S) Ratio
- The P/S ratio shows a general upward trajectory over the period under review. Beginning around 1.4 in early 2021, the ratio slightly declines through mid-2022, then strongly increases during 2023 and 2024, reaching values as high as 8.02 by late 2025. This sustained rise suggests the market is willing to pay increasingly higher multiples of the company’s sales, possibly reflecting expectations of revenue growth or improved sales quality, though it might also indicate heightened market optimism or potential overvaluation in terms of sales.
- Price to Book Value (P/BV) Ratio
- The P/BV ratio reveals a generally increasing trend throughout the timeline. Starting at approximately 1.63 in early 2020, it ascends moderately until mid-2021, then experiences some volatility before significantly accelerating from early 2023 onwards. By late 2025, the ratio reaches levels above 17, highlighting a considerable rise in market valuation relative to the company’s book value. This sharp increase could point to strong investor confidence, intangible asset appreciation, or possibly elevated market expectations that may surpass underlying asset values.
In summary, the valuation multiples characterize a company experiencing significant changes in investor perception and market valuation over time. The rising P/S and P/BV ratios indicate increased market optimism or growth expectations, while the P/E ratio's volatility suggests fluctuations in earnings expectations. The P/OP ratio's moderate range and fluctuations imply steady but cyclically influenced operating profitability levels. The overall picture is one of heightened valuation metrics in recent periods, warranting closer monitoring of earnings and sales performance relative to these multiples.
Price to Earnings (P/E)
GE Aerospace, historical P/E calculation (quarterly data)
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to common shareholders (in millions) | ||||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/E ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2025 Calculation
EPS
= (Net income (loss) attributable to common shareholdersQ3 2025
+ Net income (loss) attributable to common shareholdersQ2 2025
+ Net income (loss) attributable to common shareholdersQ1 2025
+ Net income (loss) attributable to common shareholdersQ4 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of GE Aerospace Quarterly or Annual Report.
4 Q3 2025 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several significant trends in share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the observed periods.
- Share Price
- The share price exhibited a general upward trajectory from March 2020 through the end of 2025. Initially valued at approximately $52.64, the price experienced a notable rise reaching a peak of $93.84 by December 2020. After a temporary decline during 2022, the trend resumed an upward momentum, culminating in a substantial increase to $306.63 by September 2025. This overall positive trend reflects increasing investor confidence or improved market conditions over the five-year span.
- Earnings per Share (EPS)
- EPS data, although incomplete for early 2020, shows considerable volatility through the period. EPS turned positive in the first quarter of 2021 at 4.77 but subsequently declined into negative territory through most of 2021 and into 2022, with values dropping as low as -6.15. Starting from early 2023, the EPS recovered robustly, reaching as high as 8.93 in the fourth quarter of 2023. This recovery was followed by moderate fluctuations but remained positively oriented through 2024 and into 2025, ultimately reaching 7.64 by the third quarter of 2025. The EPS trends suggest recovery from a period of operational challenges or market headwinds and an improvement in profitability in recent years.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio data is only partially available, but notable observations can be made for the periods presented. In mid-2023, the P/E ratio was approximately 12.78 and exhibited fluctuations around the low-to-mid teens before escalating significantly in 2024, hitting 52.9 in the first quarter. Following this peak, the ratio declined to levels between 28.84 and 40.12 in late 2024 and into 2025. These elevated P/E ratios during 2024 likely reflect market expectations of future growth or a temporary divergence between share price and earnings, perhaps driven by optimism or speculative factors. The subsequent declines suggest a normalization or recalibration of market valuation relative to earnings.
Overall, the data depict a company that experienced volatility in profitability and market valuation in the early to mid-2020s, followed by a recovery phase marked by rising earnings and share price appreciation. The stock appears to have gained substantial investor confidence towards the later part of the period, despite occasional volatility in earnings and valuation metrics.
Price to Operating Profit (P/OP)
GE Aerospace, historical P/OP calculation (quarterly data)
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Operating income (loss) (in millions) | ||||||||||||||||||||||||||||||
| Operating profit per share2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/OP ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2025 Calculation
Operating profit per share
= (Operating income (loss)Q3 2025
+ Operating income (loss)Q2 2025
+ Operating income (loss)Q1 2025
+ Operating income (loss)Q4 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of GE Aerospace Quarterly or Annual Report.
4 Q3 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The share price exhibited significant fluctuations over the observed periods, demonstrating an overall upward trajectory. Initially, the share price hovered in the range of approximately $52 to $94, showing substantial growth by the end of 2020. Following this, there was a notable decline from early 2022 through mid-2022, reaching lows near $71.51. Subsequently, the share price recovered strongly, moving above $100 and reaching progressively higher levels, ultimately surpassing $300 by the latter periods of 2025. This indicates a robust increase in market valuation over the medium to long term.
The operating profit per share data began to be available starting from March 31, 2020, showing a positive trend with some volatility. It initially measured around $3.66, with fluctuations rising to values above $10 by the end of the observed timeline. This consistent increase suggests improving profitability on a per-share basis, albeit with modest setbacks and some fluctuation in growth pace at various points in time.
Examining the price to operating profit (P/OP) ratio reveals volatility throughout the periods. Early observations indicate a high ratio exceeding 35 in mid-2021, suggesting that share prices were relatively high compared to operating profits at that time. Thereafter, the ratio declined to levels closer to 13.51 by the end of 2021, indicating a market revaluation or improved profitability. Subsequent periods saw the ratio oscillate between approximately 20 and 30, indicating variable investor sentiment or changing expectations regarding future profitability even as operating profits and share prices both increased. Notably, despite the rising share price and operating profit, the P/OP ratio did not show a consistent downward trend, suggesting elements of market optimism influencing price levels beyond improvements in operational earnings.
- Share Price Trend
- Overall upward movement with initial gains through 2020, mid-period decline in 2022, followed by a strong recovery and significant growth surpassing $300 by 2025.
- Operating Profit Per Share Trend
- Consistent growth from initial availability in 2020 with increases up to above $10 per share by 2025, reflecting improved profitability per share despite some fluctuations.
- Price to Operating Profit (P/OP) Ratio Trend
- Fluctuating ratio with peaks and troughs; early high valuation ratios reduced subsequently but remained in a range suggesting investor expectations remained elevated relative to operating profit improvements.
Price to Sales (P/S)
GE Aerospace, historical P/S calculation (quarterly data)
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Sales of equipment and services (in millions) | ||||||||||||||||||||||||||||||
| Sales per share2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/S ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2025 Calculation
Sales per share
= (Sales of equipment and servicesQ3 2025
+ Sales of equipment and servicesQ2 2025
+ Sales of equipment and servicesQ1 2025
+ Sales of equipment and servicesQ4 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of GE Aerospace Quarterly or Annual Report.
4 Q3 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited significant volatility over the analyzed period. Initially, it showed a steady increase from approximately $52.64 to $93.84 between the first quarter of 2020 and the fourth quarter of 2020. This was followed by a further rise peaking around $107.92 in the first quarter of 2021. After a decline through mid-2022, where prices bottomed near $71.51, the share price recovered strongly in late 2022 and into 2023, eventually reaching a high point of $306.63 in the third quarter of 2025. Overall, the long-term trend indicates substantial appreciation with interim fluctuations.
- Sales per Share
- Sales per share data, available from the first quarter of 2021 onwards, reveals a generally downward trajectory. Beginning around $66.63, sales per share diminished steadily, falling to a low near $32.72 by the third quarter of 2024. A modest recovery was observed in the final quarters of the dataset, with sales per share rising to $38.24 by the third quarter of 2025. This trend suggests declining revenue generation on a per-share basis over the period, although some stabilization and slight improvement appear toward the end.
- Price-to-Sales (P/S) Ratio
- The P/S ratio exhibited an upward trend throughout the period from the first quarter of 2021, beginning at 1.41 and progressively increasing to 8.02 by the third quarter of 2025. Despite minor short-term fluctuations, the ratio showed a consistent rise indicating that the market valuation of the shares relative to sales per share grew substantially. This increase could reflect heightened investor confidence, expectations of future growth, or other market dynamics influencing the share price more than the underlying sales performance.
- Combined Insights
- There is a clear divergence between the declining sales per share and the sharply increasing share price and P/S ratio. This suggests that market valuation has been driven largely by factors other than current sales, possibly including optimistic future growth prospects, strategic positioning, or broader market trends. The decoupling of share price from sales metrics warrants attention, as it may signal elevated valuation multiples that should be monitored for sustainability.
Price to Book Value (P/BV)
GE Aerospace, historical P/BV calculation (quarterly data)
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Shareholders’ equity (in millions) | ||||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/BV ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2025 Calculation
BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of GE Aerospace Quarterly or Annual Report.
4 Q3 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The share price exhibited a general upward trend over the observed periods, starting at approximately $52.64 and rising significantly to $306.63 by the end of the most recent quarter. This upward trajectory includes some fluctuations, with periods of decline notably around early 2022 and a rebound in subsequent quarters. The most substantial increases in share price appear in the latest quarters, reflecting strong positive market sentiment or improved investor confidence.
In contrast, the book value per share (BVPS) demonstrated a fluctuating pattern with a mild downward trend overall. Starting near $32.27, the BVPS showed variability during the timeline, with some quarters experiencing notable decreases such as mid to late 2022 and early 2023, reaching a low near $17.15 in mid-2024 before stabilizing slightly around $18 in the final quarters. This trend suggests potential challenges or equity changes impacting the company’s net asset value on a per-share basis.
The price-to-book value ratio (P/BV) reveals a marked increase across the timeframe, moving from around 1.63 to as high as 17.19. This rising P/BV ratio indicates that the market price increasingly exceeded the company’s book value per share, pointing towards heightened investor expectations or perceived growth potential that outweighs the current book value.
- Share Price Trends
- Consistent overall growth with intermittent fluctuations, culminating in a significant increase particularly in the last few quarters.
- Book Value per Share Trends
- General downward pressure with fluctuations, indicating variable equity value per share possibly influenced by operational performance or capital structure changes.
- Price-to-Book Ratio Trends
- Substantial upward trend, suggesting the market increasingly values the company above its recorded equity book value, indicative of investor optimism or anticipated future growth.