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PowerShares Price to Book AnalysisPrice 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.
About Price to BookPrice 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.
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Based on latest financial disclosure the price to book indicator of PowerShares SP 500 Quality ETF is roughly 5.6 times. This is much higher than that of the Invesco family, and significantly higher than that of Large Blend category, The Price to Book for all etfs is notably lower than the firm.
PowerShares SP 500 Fundamental Drivers Relationships
PowerShares SP 500 Quality ETF is presently regarded as number one ETF in price to book as compared to similar ETFs. It is rated second largest ETF in price to sales as compared to similar ETFs fabricating about 0.35 of Price to Sales per Price to Book. The ratio of Price to Book to Price to Sales for PowerShares SP 500 Quality ETF is roughly 2.84
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The fund invests 99.58% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.