Canadian Solar (Canadian Solar) Price-to-Tangible-Book : 0.39 (As of Apr. 24, 2024)

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What is Canadian Solar Price-to-Tangible-Book?

As of today (2024-04-24), Canadian Solar's share price is $14.96. Canadian Solar's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $38.36. Hence, Canadian Solar's Price to Tangible Book Ratio of today is 0.39.

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

CSIQ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.38 Med: 1.12 Max: 4.16
Current: 0.39

During the past 13 years, Canadian Solar's highest Price to Tangible Book Ratio was 4.16. The lowest was 0.38. And the median was 1.12.

CSIQ's Price-to-Tangible-Book is ranked better than
97.68% of 948 companies
in the Semiconductors industry
Industry Median: 2.495 vs CSIQ: 0.39

A closely related ratio is called PB Ratio. As of today, Canadian Solar's share price is $14.96. Canadian Solar's Book Value per Sharefor the quarter that ended in Sep. 2023 was $38.58. Hence, Canadian Solar's P/B Ratio of today is 0.39.

Canadian Solar Price-to-Tangible-Book Historical Data

The historical data trend for Canadian Solar'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.

Canadian Solar Price-to-Tangible-Book Chart

Canadian Solar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.74

1.00

2.06

1.12

1.04

Canadian Solar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.41	1.04	1.27	1.03	0.64

Competitive Comparison of Canadian Solar's Price-to-Tangible-Book

For the Solar subindustry, Canadian Solar'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.

Canadian Solar's Price-to-Tangible-Book Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Canadian Solar's Price-to-Tangible-Book distribution charts can be found below:

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

Canadian Solar Price-to-Tangible-Book Calculation

Canadian Solar's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	14.96	/	38.361
	=	0.39

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.

Canadian Solar Price-to-Tangible-Book Related Terms

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

Canadian Solar (Canadian Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Canadian Solar Inc (NAS:CSIQ) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CSIQ:Mexico L5A:Germany L5A:Germany

Address

545 Speedvale Avenue West, Guelph, ON, CAN, N1K 1E6

Website

https://www.canadiansolar.com

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments CSI Solar and Global Energy segment. The CSI Solar segment design, develop and manufacture solar ingots, wafers, cells, modules and other solar power and battery storage products. Its Energy segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.