Kuraray Co (Kuraray Co) Price-to-Tangible-Book : 0.88 (As of May. 01, 2024)

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What is Kuraray Co Price-to-Tangible-Book?

As of today (2024-05-01), Kuraray Co's share price is $32.52. Kuraray Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $36.98. Hence, Kuraray Co's Price to Tangible Book Ratio of today is 0.88.

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

KURRY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.67 Med: 1.11 Max: 1.55
Current: 0.96

During the past 13 years, Kuraray Co's highest Price to Tangible Book Ratio was 1.55. The lowest was 0.67. And the median was 1.11.

KURRY's Price-to-Tangible-Book is ranked better than
76.86% of 1491 companies
in the Chemicals industry
Industry Median: 1.82 vs KURRY: 0.96

A closely related ratio is called PB Ratio. As of today, Kuraray Co's share price is $32.52. Kuraray Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was $44.48. Hence, Kuraray Co's P/B Ratio of today is 0.73.

Kuraray Co Price-to-Tangible-Book Historical Data

The historical data trend for Kuraray Co'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.

Kuraray Co Price-to-Tangible-Book Chart

Kuraray Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.17

0.99

0.76

0.70

0.83

Kuraray Co 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															0.70	0.77	0.79	0.98	0.83

Competitive Comparison of Kuraray Co's Price-to-Tangible-Book

For the Chemicals subindustry, Kuraray Co'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.

Kuraray Co's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kuraray Co's Price-to-Tangible-Book distribution charts can be found below:

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

Kuraray Co Price-to-Tangible-Book Calculation

Kuraray Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	32.52	/	36.98
	=	0.88

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.

Kuraray Co Price-to-Tangible-Book Related Terms

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

Kuraray Co (Kuraray Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kuraray Co Ltd (OTCPK:KURRY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

KURRF:USA 3405:Japan KUY:Germany

Address

Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8115

Website

http://www.kuraray.co.jp

Kuraray Co Ltd manufactures and sells specialty chemicals, fiber, and resin. The firm organizes itself into six segments based on product type. The Vinyl Acetate segment, which generates the most revenue of any segment, sells plastic films and resins for use in the food packaging and electronics industries. The Isoprene segment sells isoprene chemicals, thermoplastic elastomers, and liquid rubber. The Functional Materials segment sells dental materials, while the Fibers and Textiles segment sells fibers for cement and concrete, industrial products for automobiles, and hook and loop fasteners for clothing. The other two segments are Trading, and Other. The majority of revenue comes from Asia.

Kuraray Co (Kuraray Co) Headlines

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