As of today (2024-04-26), Omega Flex's share price is $66.85. Omega Flex's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.45. Hence, Omega Flex's Price to Tangible Book Ratio of today is 8.98.
The historical rank and industry rank for Omega Flex's Price-to-Tangible-Book or its related term are showing as below:
OFLX'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 8.73 Med: 13.62 Max: 34.61
Current: 8.97
During the past 13 years, Omega Flex's highest Price to Tangible Book Ratio was 34.61. The lowest was 8.73. And the median was 13.62.
OFLX's Price-to-Tangible-Book is ranked worse than 91.03% of 2821
companies
in the Industrial Products industry
Industry Median: 2.1
vs OFLX: 8.97
The historical data trend for Omega Flex'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 Omega Flex's Price-to-Tangible-Book
For the Specialty Industrial Machinery subindustry, Omega Flex'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.
Omega Flex's Price-to-Tangible-Book Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Omega Flex's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Omega Flex's Price-to-Tangible-Book falls into.
Omega Flex Price-to-Tangible-Book Calculation
Omega Flex'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.
Omega Flex Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Omega Flex's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Omega Flex Inc is a manufacturer of flexible metal hoses. It operates in the segment of manufacture and sale of flexible metal hose and accessories which are used for gas piping within residential and commercial buildings. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, AutoFlare, DEF-Trac, SolarTrac, and AutoSnap brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.
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