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As of today, Zale Corp's share price is $21.13. Zale Corp's Tangible Book Value per Share of Jan. 2014 for the quarter that ended in Jan. 2014 was $2.21. Hence, Zale Corp's Price to Tangible Book Ratio of today is 9.56.
A closely related ratio is called P/B Ratio. As of today, Zale Corp's share price is $21.13. Zale Corp's Book Value per Share for the quarter that ended in Jan. 2014 was $4.27. Hence, Zale Corp's P/B Ratio of today is 4.95.
Zale Corp's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Jan. 2014 )|
It can also be calculated from the numbers for the whole company:
|Price to Tangible Book||=||Market Cap||/||Tangible Equity|
|=||Market Cap||/||(Total Equity||-||Preferred Stock||-||Intangibles)|
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.
Zale Corp Annual Data
Zale Corp Quarterly Data