Pro Dex Stock Price To Book

PDEX Stock  USD 42.33  5.30  11.13%   
Pro Dex fundamentals help investors to digest information that contributes to Pro Dex's financial success or failures. It also enables traders to predict the movement of Pro Stock. The fundamental analysis module provides a way to measure Pro Dex's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Pro Dex stock.
Price To Book Ratio is likely to rise to 2.32 in 2024.
  
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Pro Dex Company Price To Book Analysis

Pro Dex's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

P/B

 = 

MV Per Share

BV Per Share

More About Price To Book | All Equity Analysis

Current Pro Dex Price To Book

    
  5.03 X  
Most of Pro Dex's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Pro Dex is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Pro Price To Book Driver Correlations

Understanding the fundamental principles of building solid financial models for Pro Dex is extremely important. It helps to project a fair market value of Pro Stock properly, considering its historical fundamentals such as Price To Book. Since Pro Dex's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Pro Dex's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Pro Dex's interrelated accounts and indicators.
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Pro Price To Book Historical Pattern

Today, most investors in Pro Dex Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Pro Dex's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Pro Dex price to book as a starting point in their analysis.
   Pro Dex Price To Book   
       Timeline  
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Competition

Pro Book Value Per Share

Book Value Per Share

9.26

At this time, Pro Dex's Book Value Per Share is fairly stable compared to the past year.
Based on the latest financial disclosure, Pro Dex has a Price To Book of 5.0278 times. This is 80.42% lower than that of the Health Care Equipment & Supplies sector and 21.32% lower than that of the Health Care industry. The price to book for all United States stocks is 47.13% higher than that of the company.

Pro Price To Book Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Pro Dex's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Pro Dex could also be used in its relative valuation, which is a method of valuing Pro Dex by comparing valuation metrics of similar companies.
Pro Dex is currently under evaluation in price to book category among its peers.

Pro Dex Current Valuation Drivers

We derive many important indicators used in calculating different scores of Pro Dex from analyzing Pro Dex's financial statements. These drivers represent accounts that assess Pro Dex's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Pro Dex's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap69.7M116.0M58.0M68.2M64.2M67.4M
Enterprise Value70.0M127.5M72.7M80.1M75.1M78.9M

Pro Dex ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Pro Dex's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Pro Dex's managers, analysts, and investors.
Environmental
Governance
Social

Pro Fundamentals

About Pro Dex Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Pro Dex's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pro Dex using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pro Dex based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Pro Stock Analysis

When running Pro Dex's price analysis, check to measure Pro Dex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pro Dex is operating at the current time. Most of Pro Dex's value examination focuses on studying past and present price action to predict the probability of Pro Dex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro Dex's price. Additionally, you may evaluate how the addition of Pro Dex to your portfolios can decrease your overall portfolio volatility.