As of today (2024-04-24), Genie Energy's share price is $15.84. Genie Energy's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $6.73. Hence, Genie Energy's Price to Tangible Book Ratio of today is 2.35.
The historical rank and industry rank for Genie Energy's Price-to-Tangible-Book or its related term are showing as below:
GNE'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.49 Med: 2.33 Max: 4.18
Current: 2.35
During the past 13 years, Genie Energy's highest Price to Tangible Book Ratio was 4.18. The lowest was 1.49. And the median was 2.33.
GNE's Price-to-Tangible-Book is ranked worse than 66.03% of 471
companies
in the Utilities - Regulated industry
Industry Median: 1.78
vs GNE: 2.35
A closely related ratio is called PB Ratio. As of today, Genie Energy's share price is $15.84. Genie Energy's Book Value per Sharefor the quarter that ended in Dec. 2023 was $7.19. Hence, Genie Energy's P/B Ratio of today is 2.20.
Genie Energy Price-to-Tangible-Book Historical Data
The historical data trend for Genie Energy'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.
For the Utilities - Regulated Electric subindustry, Genie Energy'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.
Genie Energy Price-to-Tangible-Book Distribution
For the Utilities - Regulated industry and Utilities sector, Genie Energy's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Genie Energy's Price-to-Tangible-Book falls into.
Genie Energy Price-to-Tangible-Book Calculation
Genie Energy'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.
Genie Energy Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Genie Energy's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Genie Energy, through its subsidiaries, operates primarily as a global retail energy provider. It operates two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management.
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