What is AeroVironment's price / book?

AeroVironment (AVAV) reported price / book of 4.3× in Q2 2023.

How has AeroVironment's price / book changed year-over-year?

AeroVironment's price / book increased by 20.6% year-over-year, from 3.6× to 4.3×.

What is the long-term trend for AeroVironment's price / book?

Over 2 years (2021 to 2023), AeroVironment's price / book has grown at a 1.6% compound annual growth rate (CAGR), from 4.5× to 4.6×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

AeroVironment AVAV Price / book

Price / book at other companies

L3Harris TechnologiesLHX

3×+0.9×

Lockheed MartinLMT

18.6×+2.9×

Northrop GrummanNOC

5.7×+0.7×

Leonardo DRS, Inc.DRS

4.3×+0.9×

Crane Co.CR

4.7×-0.3×

TTM TechnologiesTTMI

5.5×+4.2×

Other financials

Income statement

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Revenue$408.0M+143%

Gross profit$98.8M+56.3%

Operating income-$179.0M-5,700%

Net income-$156.6M-8,825%

EPS (diluted)-$3.15-5,150%

Balance sheet

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Cash & equivalents$289.9M+517%

Total debt$826.0M+1,296%

Total equity$574.5M-4.2%

Total assets$5.5B+420%

Cash flow

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Operating cash flow-$5.1M+80.2%

CapEx$12.6M+228%

Free cash flow-$17.7M+40.2%

Valuation

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Market cap$8.58B+174%

Enterprise value$9.12B+183%

P/S5.3×+1.1×

Profitability

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Gross margin24.7%-14.8pp

Operating margin-16.4%-20.9pp

Net margin-13.9%-18.4pp

FCF margin-14.2%-29.6pp

Returns & leverage

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Return on equity-24.8%—

Debt / equity0.3×-0.1×

Current ratio5.5×+1.3×

Where this comes from

Calculated from AeroVironment’s reported figures.

market cap/total stockholders equity=4.3×

Based on the most recent quarter.

The official record: AeroVironment’s 10-Q, filed September 6, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is AeroVironment's price / book?: AeroVironment (AVAV) reported price / book of 4.3× in Q2 2023.
How has AeroVironment's price / book changed year-over-year?: AeroVironment's price / book increased by 20.6% year-over-year, from 3.6× to 4.3×.
What is the long-term trend for AeroVironment's price / book?: Over 2 years (2021 to 2023), AeroVironment's price / book has grown at a 1.6% compound annual growth rate (CAGR), from 4.5× to 4.6×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.