The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-25), Tennant Co's share price is $117.31. Tennant Co's Book Value per Share for the quarter that ended in Dec. 2023 was $30.97. Hence, Tennant Co's PB Ratio of today is 3.79.
The historical rank and industry rank for Tennant Co's PB Ratio or its related term are showing as below:
TNC'
s PB Ratio Range Over the Past 10 Years
Min: 2.4 Med: 3.78 Max: 5.32
Current: 3.79
During the past 13 years, Tennant Co's highest PB Ratio was 5.32. The lowest was 2.40. And the median was 3.78.
TNC's PB Ratio is ranked worse than 80.01% of 2926
companies
in the Industrial Products industry
Industry Median: 1.89
vs TNC: 3.79
During the past 12 months, Tennant Co's average Book Value Per Share Growth Rate was 21.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tennant Co was 14.70% per year. The lowest was -7.10% per year. And the median was 7.10% per year.
Back to Basics: PB Ratio
Tennant Co PB Ratio Historical Data
The historical data trend for Tennant Co's PB Ratio 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 Specialty Industrial Machinery subindustry, Tennant Co's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Tennant Co's PB Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tennant Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tennant Co's PB Ratio falls into.
Tennant Co PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Tennant Co's PB Ratio for today is calculated as follows:
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Tennant Co PB Ratio Related Terms
Thank you for viewing the detailed overview of Tennant Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TNC has been successfully added to your 