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 accounting value of assets minus liabilities.
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.
Cerner Price to Book Assessment
Based on latest financial disclosure the price to book indicator of Cerner Corporation is roughly 6.43 times. This is 33.09% lower than that of Technology sector, and 41.63% higher than that of Healthcare Information Services industry, The Price to Book for all stocks is 6.99% lower than the firm.
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Cerner is rated below average in price to book category among related companies.
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