Norsk Hydro ASA (Norsk Hydro ASA) Price-to-Tangible-Book : 1.44 (As of Apr. 25, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Norsk Hydro ASA Price-to-Tangible-Book?

As of today (2024-04-25), Norsk Hydro ASA's share price is $6.26. Norsk Hydro ASA's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $4.34. Hence, Norsk Hydro ASA's Price to Tangible Book Ratio of today is 1.44.

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

NHYDY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.98 Med: 1.27 Max: 1.89
Current: 1.5

During the past 13 years, Norsk Hydro ASA's highest Price to Tangible Book Ratio was 1.89. The lowest was 0.98. And the median was 1.27.

NHYDY's Price-to-Tangible-Book is ranked worse than
54.22% of 2239 companies
in the Metals & Mining industry
Industry Median: 1.33 vs NHYDY: 1.50

A closely related ratio is called PB Ratio. As of today, Norsk Hydro ASA's share price is $6.26. Norsk Hydro ASA's Book Value per Sharefor the quarter that ended in Dec. 2023 was $4.74. Hence, Norsk Hydro ASA's P/B Ratio of today is 1.32.

Norsk Hydro ASA Price-to-Tangible-Book Historical Data

The historical data trend for Norsk Hydro ASA'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.

Norsk Hydro ASA Price-to-Tangible-Book Chart

Norsk Hydro ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.00

1.26

1.93

1.63

1.54

Norsk Hydro ASA 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	Get a 7-Day Free Trial															1.63	1.62	1.35	1.47	1.54

Competitive Comparison of Norsk Hydro ASA's Price-to-Tangible-Book

For the Aluminum subindustry, Norsk Hydro ASA'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.

Norsk Hydro ASA's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Norsk Hydro ASA's Price-to-Tangible-Book falls into.

Norsk Hydro ASA Price-to-Tangible-Book Calculation

Norsk Hydro ASA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	6.26	/	4.341
	=	1.44

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.

Norsk Hydro ASA Price-to-Tangible-Book Related Terms

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

Norsk Hydro ASA (Norsk Hydro ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsk Hydro ASA (OTCPK:NHYDY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NHYKF:USA NHYo:Sweden NHY:Norway NHYo:UK 0Q11:UK NOH1:Germany

Address

Postboks 980 Skøyen,, Oslo, NOR, NO-0240

Website

https://www.hydro.com

Norsk Hydro ASA is an aluminium and renewable energy company committed to a sustainable future. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Extrusions, and Hydro Energy, as well as the Hydro Metal Markets activities. Hydro Extrusions delivers products within extrusion profiles, building systems, and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. Hydro Extrusions are present in about 40 countries. It is delivered to sectors such as construction, automotive and heating, etc. Key revenue comes from the Hydro Extrusions segment.

Norsk Hydro ASA (Norsk Hydro ASA) Headlines

From GuruFocus

Norsk Hydro ASA Stock Gives Every Indication Of Being Significantly Overvalued

By GF Value GF Value • 04-30-2021

Norsk Hydro ASA Stock Shows Every Sign Of Being Significantly Overvalued

By GF Value GF Value • 03-31-2021

KPS Capital Partners to Acquire Aluminum Rolling Business from Norsk Hydro ASA

By PRNewswire PRNewswire • 03-05-2021

Norsk Hydro to Webcast Live at VirtualInvestorConferences.com June 20ᵗʰ

By PRNewswire PRNewswire • 06-17-2019