Price To Book Value (Historical)
Returns the historical price-to-book (P/B) ratio for a company. This compares market value to accounting book value.
Formula
P/B Ratio = Share Price / Book Value Per Share
Parameters
| Parameter | Required | Description |
|---|---|---|
| Symbol | Yes | Stock ticker symbol |
| Year | Yes | Fiscal year or period code |
| Quarter | No | Quarter 1-4 |
| TTM | No | "TTM" for trailing twelve months |
Interpretation
- P/B < 1 may indicate undervaluation (trading below book value)
- P/B > 1 indicates premium to book value
- Useful for asset-heavy industries (banks, real estate)
Syntax
=hf_Price_to_Book_Value(Symbol, Year, [Quarter], [TTM])Examples
=hf_Price_to_Book_Value("AAPL", 2023, 4)=hf_Price_to_Book_Value("JPM", "ly")=hf_Price_to_Book_Value("BAC", 2023, , "TTM")When to Use
- Bank and financial analysis
- Asset-heavy company valuation
- Value investing screens
- Historical valuation trends
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Current P/B | PricePerBook() |
| Book value per share | hf_Book_Value_per_Share() |
| P/E ratio | hf_Price_to_Earnings_Ratio() |
Common Issues & FAQ
Why is P/B very high for tech companies?
Tech has few tangible assets, making book value low relative to market cap.
When is P/B most useful?
For asset-heavy industries like banks, insurance, real estate.
Excel Templates Using Price To Book Value (PB Ratio -Historical)
These ready-made MarketXLS templates call hf_Price_to_Book_Value() in their worksheet formulas. Open one to see the function working inside a complete model.
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