As of today (2024-04-19), Clearfield's share price is $28.21. Clearfield's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $19.24. Hence, Clearfield's Price to Tangible Book Ratio of today is 1.47.
The historical rank and industry rank for Clearfield's Price-to-Tangible-Book or its related term are showing as below:
CLFD'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.45 Med: 3.75 Max: 11.04
Current: 1.47
During the past 13 years, Clearfield's highest Price to Tangible Book Ratio was 11.04. The lowest was 1.45. And the median was 3.75.
CLFD's Price-to-Tangible-Book is ranked better than 64.51% of 2302
companies
in the Hardware industry
Industry Median: 1.97
vs CLFD: 1.47
A closely related ratio is called PB Ratio. As of today, Clearfield's share price is $28.21. Clearfield's Book Value per Sharefor the quarter that ended in Dec. 2023 was $20.09. Hence, Clearfield's P/B Ratio of today is 1.40.
Clearfield Price-to-Tangible-Book Historical Data
The historical data trend for Clearfield'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.
Clearfield Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Price-to-Tangible-Book
2.48
3.77
6.42
10.73
1.45
Clearfield 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
5.10
2.43
2.42
1.45
1.51
Competitive Comparison
For the Communication Equipment subindustry, Clearfield'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.
Clearfield Price-to-Tangible-Book Distribution
For the Hardware industry and Technology sector, Clearfield's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Clearfield's Price-to-Tangible-Book falls into.
Clearfield Price-to-Tangible-Book Calculation
Clearfield'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.
Clearfield Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Clearfield's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Clearfield Inc mainly designs, manufactures, and distributes fiber protection, fiber management and fiber delivery solutions for communications networks. It provides a range of products including copper assemblies, cassettes, box enclosures, fiber connectors, frames, microduct, terminals, vaults, pedestal inserts, FieldSmart, WaveSmart, and CraftSmart. The company has a global presence with the majority of the revenue derived from the United States. The company has two reportable segments namely Clearfield segment and Nestor cables segment. The majority of revenue is derived from Clearfield segment.
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