Price to Book Value (P/BV)
since 2005
Calculation
Verizon Communications Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Equity attributable to Verizon1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 9, 2024 | 1.81 | = | 39.72 | ÷ | 21.98 | 21.98 | = | 92,430 | ÷ | 4,204,272,443 | |
| Feb 10, 2023 | 1.84 | = | 40.01 | ÷ | 21.70 | 21.70 | = | 91,144 | ÷ | 4,199,882,937 | |
| Feb 11, 2022 | 2.74 | = | 53.32 | ÷ | 19.48 | 19.48 | = | 81,790 | ÷ | 4,197,823,662 | |
| Feb 25, 2021 | 3.45 | = | 56.50 | ÷ | 16.39 | 16.39 | = | 67,842 | ÷ | 4,138,148,588 | |
| Feb 21, 2020 | 3.92 | = | 58.20 | ÷ | 14.84 | 14.84 | = | 61,395 | ÷ | 4,135,863,778 | |
| Feb 15, 2019 | 4.29 | = | 55.16 | ÷ | 12.86 | 12.86 | = | 53,145 | ÷ | 4,132,045,883 | |
| Feb 23, 2018 | 4.57 | = | 48.29 | ÷ | 10.56 | 10.56 | = | 43,096 | ÷ | 4,079,486,153 | |
| Feb 21, 2017 | 8.95 | = | 49.43 | ÷ | 5.53 | 5.53 | = | 22,524 | ÷ | 4,076,731,752 | |
| Feb 23, 2016 | 12.56 | = | 50.63 | ÷ | 4.03 | 4.03 | = | 16,428 | ÷ | 4,073,840,949 | |
| Feb 23, 2015 | 16.48 | = | 48.77 | ÷ | 2.96 | 2.96 | = | 12,298 | ÷ | 4,155,408,208 | |
| Feb 27, 2014 | 5.06 | = | 47.50 | ÷ | 9.38 | 9.38 | = | 38,836 | ÷ | 4,141,140,749 | |
| Feb 26, 2013 | 3.98 | = | 46.12 | ÷ | 11.60 | 11.60 | = | 33,157 | ÷ | 2,858,275,417 | |
| Feb 24, 2012 | 3.01 | = | 38.14 | ÷ | 12.69 | 12.69 | = | 35,970 | ÷ | 2,835,524,157 | |
| Feb 28, 2011 | 2.71 | = | 36.92 | ÷ | 13.64 | 13.64 | = | 38,569 | ÷ | 2,828,072,313 | |
| Feb 26, 2010 | 1.97 | = | 28.93 | ÷ | 14.67 | 14.67 | = | 41,606 | ÷ | 2,835,726,911 | |
| Feb 24, 2009 | 1.95 | = | 28.57 | ÷ | 14.68 | 14.68 | = | 41,706 | ÷ | 2,840,569,560 | |
| Feb 28, 2008 | 2.11 | = | 37.18 | ÷ | 17.62 | 17.62 | = | 50,581 | ÷ | 2,870,955,142 | |
| Mar 1, 2007 | 2.22 | = | 37.10 | ÷ | 16.68 | 16.68 | = | 48,535 | ÷ | 2,909,893,627 | |
| Mar 14, 2006 | 2.54 | = | 34.39 | ÷ | 13.56 | 13.56 | = | 39,680 | ÷ | 2,926,823,217 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Verizon Communications Inc. Annual Report.
Comparison to Competitors
Verizon Communications Inc., P/BV, long-term trends, comparison to competitors
| Verizon Communications Inc. | AT&T Inc. | T-Mobile US Inc. | |
|---|---|---|---|
| Feb 9, 2024 | 1.81 | 1.16 | 2.97 |
| Feb 10, 2023 | 1.84 | 1.41 | 2.58 |
| Feb 11, 2022 | 2.74 | 1.03 | 2.25 |
| Feb 25, 2021 | 3.45 | 1.26 | 2.27 |
| Feb 21, 2020 | 3.92 | 1.50 | 2.46 |
| Feb 15, 2019 | 4.29 | 1.22 | 2.35 |
| Feb 23, 2018 | 4.57 | 1.60 | 2.23 |
| Feb 21, 2017 | 8.95 | 2.07 | 2.79 |
| Feb 23, 2016 | 12.56 | 1.85 | 1.82 |
| Feb 23, 2015 | 16.48 | 2.05 | 1.64 |
| Feb 27, 2014 | 5.06 | 1.88 | 1.72 |
| Feb 26, 2013 | 3.98 | 2.12 | — |
| Feb 24, 2012 | 3.01 | 1.70 | — |
| Feb 28, 2011 | 2.71 | 1.49 | — |
| Feb 26, 2010 | 1.97 | 1.43 | — |
| Feb 24, 2009 | 1.95 | 1.45 | — |
| Feb 28, 2008 | 2.11 | 1.84 | — |
| Mar 1, 2007 | 2.22 | 2.03 | — |
| Mar 14, 2006 | 2.54 | 1.99 | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Telecommunication Services)
Verizon Communications Inc., P/BV, long-term trends, comparison to sector (telecommunication services)
| Verizon Communications Inc. | Telecommunication Services | |
|---|---|---|
| Feb 9, 2024 | 1.81 | 1.84 |
| Feb 10, 2023 | 1.84 | 1.88 |
| Feb 11, 2022 | 2.74 | 1.73 |
| Feb 25, 2021 | 3.45 | 1.99 |
| Feb 21, 2020 | 3.92 | 2.14 |
| Feb 15, 2019 | 4.29 | 1.95 |
| Feb 23, 2018 | 4.57 | 2.29 |
| Feb 21, 2017 | 8.95 | 3.09 |
| Feb 23, 2016 | 12.56 | 2.98 |
| Feb 23, 2015 | 16.48 | 3.54 |
| Feb 27, 2014 | 5.06 | 2.72 |
| Feb 26, 2013 | 3.98 | 2.61 |
| Feb 24, 2012 | 3.01 | 2.04 |
| Feb 28, 2011 | 2.71 | 1.80 |
| Feb 26, 2010 | 1.97 | 1.59 |
| Feb 24, 2009 | 1.95 | 1.60 |
| Feb 28, 2008 | 2.11 | 1.92 |
| Mar 1, 2007 | 2.22 | 2.09 |
| Mar 14, 2006 | 2.54 | 2.22 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
Verizon Communications Inc., P/BV, long-term trends, comparison to industry (communication services)
| Verizon Communications Inc. | Communication Services | |
|---|---|---|
| Feb 9, 2024 | 1.81 | 4.51 |
| Feb 10, 2023 | 1.84 | 3.38 |
| Feb 11, 2022 | 2.74 | 4.28 |
| Feb 25, 2021 | 3.45 | 4.19 |
| Feb 21, 2020 | 3.92 | 3.70 |
| Feb 15, 2019 | 4.29 | 3.48 |
| Feb 23, 2018 | 4.57 | 4.14 |
| Feb 21, 2017 | 8.95 | 3.97 |
| Feb 23, 2016 | 12.56 | 3.88 |
| Feb 23, 2015 | 16.48 | 3.70 |
| Feb 27, 2014 | 5.06 | 3.60 |
| Feb 26, 2013 | 3.98 | 2.84 |
| Feb 24, 2012 | 3.01 | 2.18 |
| Feb 28, 2011 | 2.71 | 2.24 |
| Feb 26, 2010 | 1.97 | 1.97 |
| Feb 24, 2009 | 1.95 | 1.70 |
| Feb 28, 2008 | 2.11 | 2.33 |
| Mar 1, 2007 | 2.22 | 2.49 |
| Mar 14, 2006 | 2.54 | 2.45 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).