Globus Maritime (Globus Maritime) Price-to-Tangible-Book : 0.23 (As of Apr. 27, 2024)

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What is Globus Maritime Price-to-Tangible-Book?

As of today (2024-04-27), Globus Maritime's share price is $1.95. Globus Maritime's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $8.55. Hence, Globus Maritime's Price to Tangible Book Ratio of today is 0.23.

The historical rank and industry rank for Globus Maritime's Price-to-Tangible-Book or its related term are showing as below:

GLBS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.05 Med: 0.35 Max: 0.82
Current: 0.23

During the past 13 years, Globus Maritime's highest Price to Tangible Book Ratio was 0.82. The lowest was 0.05. And the median was 0.35.

GLBS's Price-to-Tangible-Book is ranked better than
97.27% of 880 companies
in the Transportation industry
Industry Median: 1.42 vs GLBS: 0.23

A closely related ratio is called PB Ratio. As of today, Globus Maritime's share price is $1.95. Globus Maritime's Book Value per Sharefor the quarter that ended in Dec. 2023 was $8.55. Hence, Globus Maritime's P/B Ratio of today is 0.23.

Globus Maritime Price-to-Tangible-Book Historical Data

The historical data trend for Globus Maritime'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.

* Premium members only.

Globus Maritime Price-to-Tangible-Book Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.52

0.41

0.30

0.13

0.31

Globus Maritime Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.13	0.13	0.11	0.22	0.31

Competitive Comparison of Globus Maritime's Price-to-Tangible-Book

For the Marine Shipping subindustry, Globus Maritime'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.

Globus Maritime's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Globus Maritime's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Globus Maritime's Price-to-Tangible-Book falls into.

Globus Maritime Price-to-Tangible-Book Calculation

Globus Maritime's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.95	/	8.55
	=	0.23

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Globus Maritime Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Globus Maritime's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Globus Maritime (Globus Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globus Maritime Ltd (NAS:GLBS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

0G93:Germany

Address

128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Athens, GRC, 166 74

Website

http://www.globusmaritime.gr

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.