As of today (2024-04-24), Reed's's share price is $1.67. Reed's's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-4.75. Hence, Reed's's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Reed's's Price-to-Tangible-Book or its related term are showing as below:
During the past 13 years, Reed's's highest Price to Tangible Book Ratio was 90.82. The lowest was 5.26. And the median was 20.10.
REED's Price-to-Tangible-Book is not ranked *
in the Beverages - Non-Alcoholic industry.
Industry Median: 2.915 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Reed's's share price is $1.67. Reed's's Book Value per Sharefor the quarter that ended in Dec. 2023 was $-4.60. Hence, Reed's's P/B Ratio of today is .
Reed's Price-to-Tangible-Book Historical Data
The historical data trend for Reed's'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 Beverages - Non-Alcoholic subindustry, Reed's'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.
Reed's Price-to-Tangible-Book Distribution
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Reed's's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Reed's's Price-to-Tangible-Book falls into.
Reed's Price-to-Tangible-Book Calculation
Reed's'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.
Reed's Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Reed's's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Reed's Inc sells Ginger Beer brand. The company's portfolio of handcrafted, all-natural beverages is sold in over 45,000 outlets nationwide including the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores, and on-premise locations including bars and restaurants. The company's two core brands are Reed's, which includes Reed's Craft Ginger Beer, Reed's Real Ginger Ale, Reed's Mules, and Reed's Hard Ginger Ale; and Virgil's Handcrafted sodas.
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