As of today (2024-05-15), FTC Solar's share price is $0.5056. FTC Solar's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $0.38. Hence, FTC Solar's Price to Tangible Book Ratio of today is 1.34.
The historical rank and industry rank for FTC Solar's Price-to-Tangible-Book or its related term are showing as below:
FTCI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.33 Med: 4.13 Max: 6.21
Current: 1.33
During the past 5 years, FTC Solar's highest Price to Tangible Book Ratio was 6.21. The lowest was 1.33. And the median was 4.13.
FTCI's Price-to-Tangible-Book is ranked better than 79.75% of 948
companies
in the Semiconductors industry
Industry Median: 2.625
vs FTCI: 1.33
A closely related ratio is called PB Ratio. As of today, FTC Solar's share price is $0.5056. FTC Solar's Book Value per Sharefor the quarter that ended in Mar. 2024 was $0.44. Hence, FTC Solar's P/B Ratio of today is 1.15.
FTC Solar Price-to-Tangible-Book Historical Data
The historical data trend for FTC Solar'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.
Competitive Comparison of FTC Solar's Price-to-Tangible-Book
For the Solar subindustry, FTC Solar'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.
FTC Solar's Price-to-Tangible-Book Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, FTC Solar's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where FTC Solar's Price-to-Tangible-Book falls into.
FTC Solar Price-to-Tangible-Book Calculation
FTC Solar'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.
FTC Solar Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of FTC Solar's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.
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