As of today (2024-04-23), Textron's share price is $95.28. Textron's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $24.32. Hence, Textron's Price to Tangible Book Ratio of today is 3.92.
The historical rank and industry rank for Textron's Price-to-Tangible-Book or its related term are showing as below:
TXT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.97 Med: 3.62 Max: 5.19
Current: 3.92
During the past 13 years, Textron's highest Price to Tangible Book Ratio was 5.19. The lowest was 2.97. And the median was 3.62.
TXT's Price-to-Tangible-Book is ranked worse than 58.62% of 261
companies
in the Aerospace & Defense industry
Industry Median: 3.08
vs TXT: 3.92
A closely related ratio is called PB Ratio. As of today, Textron's share price is $95.28. Textron's Book Value per Sharefor the quarter that ended in Dec. 2023 was $36.22. Hence, Textron's P/B Ratio of today is 2.63.
Textron Price-to-Tangible-Book Historical Data
The historical data trend for Textron'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 Aerospace & Defense subindustry, Textron'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.
Textron Price-to-Tangible-Book Distribution
For the Aerospace & Defense industry and Industrials sector, Textron's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Textron's Price-to-Tangible-Book falls into.
Textron Price-to-Tangible-Book Calculation
Textron'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.
Textron Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Textron's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.
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