Thoresen Thai Agencies PCL (Thoresen Thai Agencies PCL) Price-to-Tangible-Book : 0.50 (As of Apr. 30, 2024)

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What is Thoresen Thai Agencies PCL Price-to-Tangible-Book?

As of today (2024-04-30), Thoresen Thai Agencies PCL's share price is $0.1724. Thoresen Thai Agencies PCL's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.35. Hence, Thoresen Thai Agencies PCL's Price to Tangible Book Ratio of today is 0.50.

The historical rank and industry rank for Thoresen Thai Agencies PCL's Price-to-Tangible-Book or its related term are showing as below:

THAFF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.45 Med: 0.66 Max: 1.3
Current: 0.51

During the past 13 years, Thoresen Thai Agencies PCL's highest Price to Tangible Book Ratio was 1.30. The lowest was 0.45. And the median was 0.66.

THAFF's Price-to-Tangible-Book is ranked better than
78.83% of 477 companies
in the Conglomerates industry
Industry Median: 1.17 vs THAFF: 0.51

A closely related ratio is called PB Ratio. As of today, Thoresen Thai Agencies PCL's share price is $0.1724. Thoresen Thai Agencies PCL's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.39. Hence, Thoresen Thai Agencies PCL's P/B Ratio of today is 0.44.

Thoresen Thai Agencies PCL Price-to-Tangible-Book Historical Data

The historical data trend for Thoresen Thai Agencies PCL'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.

Thoresen Thai Agencies PCL Price-to-Tangible-Book Chart

Thoresen Thai Agencies PCL Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.43

0.54

0.80

0.46

0.50

Thoresen Thai Agencies PCL 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															0.46	0.56	0.44	0.48	0.50

Competitive Comparison of Thoresen Thai Agencies PCL's Price-to-Tangible-Book

For the Conglomerates subindustry, Thoresen Thai Agencies PCL'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.

Thoresen Thai Agencies PCL's Price-to-Tangible-Book Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Thoresen Thai Agencies PCL's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Thoresen Thai Agencies PCL's Price-to-Tangible-Book falls into.

Thoresen Thai Agencies PCL Price-to-Tangible-Book Calculation

Thoresen Thai Agencies PCL's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.1724	/	0.345
	=	0.50

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.

Thoresen Thai Agencies PCL Price-to-Tangible-Book Related Terms

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

Thoresen Thai Agencies PCL (Thoresen Thai Agencies PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Thoresen Thai Agencies PCL (OTCPK:THAFF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TTA:Thailand NYVU:Germany

Address

Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Soi Chidlom, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330

Website

https://www.thoresen.com

Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from Shipping Segment.

Thoresen Thai Agencies PCL (Thoresen Thai Agencies PCL) Headlines

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