PBR에 대해 쉽게 설명 -중요

PBR(Price-to-Book Ratio)은 기업의 주가 대비 자기자본 비율을 나타내는 지표로, 기업의 가치와 주가의 상대적인 저평가 여부를 판단하는 데에 사용됩니다.

예를 들어, A 기업의 주가가 10,000원이고, A 기업의 1주당 자기자본이 5,000원이라면, A 기업의 PBR은 2.0이 됩니다. 이는 주가가 자기자본 대비 2배 높게 형성되어 있다는 것을 의미합니다.

PBR은 기업의 책임자(자기자본)와 주주(주가) 사이의 관계를 비유할 수 있습니다. 예를 들어, A 기업은 1억 원의 자기자본과 1억 원의 부채를 가지고 있습니다. 즉, A 기업의 자기자본 비율은 50%입니다. 이 때, A 기업의 PBR이 1이라면, 이는 주주가 기업의 자기자본의 50%에 해당하는 가치를 형성하고 있다는 것입니다.

따라서, PBR이 높다는 것은 주가가 자기자본 대비 높게 형성되어 있다는 것을 의미하며, 상대적으로 고평가되어 있다는 것을 나타냅니다. 반대로 PBR이 낮다는 것은 자기자본 대비 주가가 저평가되어 있다는 것을 의미합니다. PBR은 기업이 보유한 자산의 상대적인 가치를 고려하여 주가를 분석하는 데에 유용한 지표입니다.

 

 

 

The price-to-book ratio (PBR) is a measure of the ratio of a company's stock price to its equity, and is used to determine the value of a company and whether its stock price is relatively undervalued.

For example, if Company A's stock price is 10,000 won and Company A's equity per share is 5,000 won, then Company A's PBR is 2.0. This means that the stock price is twice as high as the equity.

By analogy, PBR is the relationship between a company's owners (equity) and its shareholders (stock price). For example, Company A has $100 million in equity and $100 million in debt, meaning that Company A's equity ratio is 50%. If Company A has a PBR of 1, it means that shareholders are creating value equal to 50% of the company's equity.

Therefore, a high PBR means that the stock price is trading above its equity, indicating that it is relatively overvalued. Conversely, a low PBR means that the stock price is undervalued relative to equity. PBR is a useful metric for analyzing stock prices by considering the relative value of a company's assets.