Twitter Inc. (NYSE:TWTR)

The data reveals several key trends in the company's financial indicators over the nine-year period ending February 16, 2022. The share price experienced significant fluctuations, initially declining from $54.83 in 2014 to a low of $16.06 in 2017. This was followed by a strong recovery, peaking at $71.79 in 2021, before retreating sharply to $36.24 in 2022.

Book value per share (BVPS) displayed a steady upward trajectory across the years, increasing from $5.01 in 2014 to $9.13 in 2022. Notably, BVPS growth was most pronounced between 2018 and 2020, reaching a peak of $11.13 in 2020, before experiencing a slight decline in the subsequent two years.

The price-to-book value (P/BV) ratio mirrored the movements in share price but with greater volatility. It showed a dramatic decrease from an elevated 10.94 times in 2014 to a low of 2.54 times in 2017, suggesting a period when the market price became more aligned or undervalued relative to the book value. From 2017 onwards, the P/BV ratio rose sharply, reaching 7.19 by 2021, indicating increased market optimism or overvaluation before adjusting downward to 3.97 in 2022.

Summary of trends:

The share price and P/BV ratio experienced a period of significant decline followed by recovery and subsequent correction, indicating fluctuations in market sentiment or external factors impacting valuation.

BVPS showed consistent growth over the period, reflecting underlying improvements in the company’s net asset value per share.

The inverse relationship between BVPS and P/BV at certain periods indicates varying investor perspectives on growth prospects and risk during the timeline.

The sharp rise and fall in share price and P/BV around 2020-2021 suggest a period of heightened volatility or speculative market conditions.

Overall, the data points to strengthening asset fundamentals alongside volatile market valuation, implying that market pricing was influenced by factors beyond changes in book value alone.