As of today (2024-04-24), Eaton's share price is $318.79. Eaton's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-2.59. Hence, Eaton's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Eaton's Price-to-Tangible-Book or its related term are showing as below:
ETN's Price-to-Tangible-Book is not ranked *
in the Industrial Products industry.
Industry Median: 2.07 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Eaton's share price is $318.79. Eaton's Book Value per Sharefor the quarter that ended in Dec. 2023 was $47.66. Hence, Eaton's P/B Ratio of today is 6.69.
Eaton Price-to-Tangible-Book Historical Data
The historical data trend for Eaton's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Eaton's Price-to-Tangible-Book
For the Specialty Industrial Machinery subindustry, Eaton's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Eaton's Price-to-Tangible-Book Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Eaton's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Eaton's Price-to-Tangible-Book falls into.
Eaton Price-to-Tangible-Book Calculation
Eaton's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Eaton Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Eaton's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical Americas, electrical global, aerospace, vehicle, and eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, and trucks. The other portion is Eaton's electrical sector portfolio, which serves data centers, utilities, and the residential end market, among others. While the company receives favorable tax treatment with its Ireland domicile, most of its operations are in the U.S.
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