Taitron Components (Taitron Components) Price-to-Tangible-Book : 1.13 (As of Apr. 26, 2024)

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What is Taitron Components Price-to-Tangible-Book?

As of today (2024-04-26), Taitron Components's share price is $3.16. Taitron Components's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $2.80. Hence, Taitron Components's Price to Tangible Book Ratio of today is 1.13.

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

TAIT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36 Med: 1.03 Max: 1.65
Current: 1.13

During the past 13 years, Taitron Components's highest Price to Tangible Book Ratio was 1.65. The lowest was 0.36. And the median was 1.03.

TAIT's Price-to-Tangible-Book is ranked better than
74.57% of 2304 companies
in the Hardware industry
Industry Median: 2.01 vs TAIT: 1.13

A closely related ratio is called PB Ratio. As of today, Taitron Components's share price is $3.16. Taitron Components's Book Value per Sharefor the quarter that ended in Dec. 2023 was $2.80. Hence, Taitron Components's P/B Ratio of today is 1.13.

Taitron Components Price-to-Tangible-Book Historical Data

The historical data trend for Taitron Components'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.

Taitron Components Price-to-Tangible-Book Chart

Taitron Components Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.29

1.43

1.65

1.29

1.26

Taitron Components 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															1.29	1.30	1.47	1.25	1.26

Competitive Comparison of Taitron Components's Price-to-Tangible-Book

For the Electronics & Computer Distribution subindustry, Taitron Components'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.

Taitron Components's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Taitron Components's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Taitron Components's Price-to-Tangible-Book falls into.

Taitron Components Price-to-Tangible-Book Calculation

Taitron Components's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.16	/	2.797
	=	1.13

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.

Taitron Components Price-to-Tangible-Book Related Terms

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

Taitron Components (Taitron Components) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taitron Components Inc (NAS:TAIT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

28040 West Harrison Parkway, Valencia, CA, USA, 91355

Website

https://www.taitroncomponents.com

Taitron Components Inc is a supplier of originally designed and manufactured (ODM) products that include value-added engineering and turn-key solutions. It focuses on providing original equipment manufacturers (OEMs) and contracts electronic manufacturers (CEMs) with ODM products for their multi-year turn-key projects and ODM electronic components. Its product offerings range from discrete semiconductors to small electronic devices. The company also distributes brand-name electronic components with a vast inventory available on hand. Its Taiwan and China locations provide support for inventory sourcing, purchases, and coordinating the manufacture of ODM Projects and ODM Components.

Executives

Chi-lin Chung	director	28040 WEST HARRISON PARKWAY, VALENCIA CA 91355
Craig Miller	director	15165 VENTURA BLVD, STE 425, SHERMAAN OAKS CA 91403
David Vanderhorst	officer: CFO	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Stewart Wang	director, 10 percent owner, officer: President, CEO, CFO	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Tzu Sheng Ku	director, 10 percent owner, officer: Chairman	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Richard Chiang	director	28040 W HARRISON PKWY, VALENCIA CA 91355
Felix Sung	director	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355