Tung Ho Steel Enterprise (LUX:TNGHS) Price-to-Tangible-Book : 1.80 (As of May. 04, 2024)

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What is Tung Ho Steel Enterprise Price-to-Tangible-Book?

As of today (2024-05-04), Tung Ho Steel Enterprise's share price is $22.60. Tung Ho Steel Enterprise's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $12.54. Hence, Tung Ho Steel Enterprise's Price to Tangible Book Ratio of today is 1.80.

The historical rank and industry rank for Tung Ho Steel Enterprise's Price-to-Tangible-Book or its related term are showing as below:

LUX:TNGHS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.74 Med: 1.05 Max: 1.98
Current: 1.83

During the past 13 years, Tung Ho Steel Enterprise's highest Price to Tangible Book Ratio was 1.98. The lowest was 0.74. And the median was 1.05.

LUX:TNGHS's Price-to-Tangible-Book is ranked worse than
69.27% of 602 companies
in the Steel industry
Industry Median: 1.045 vs LUX:TNGHS: 1.83

A closely related ratio is called PB Ratio. As of today, Tung Ho Steel Enterprise's share price is $22.60. Tung Ho Steel Enterprise's Book Value per Sharefor the quarter that ended in Mar. 2024 was $12.61. Hence, Tung Ho Steel Enterprise's P/B Ratio of today is 1.79.

Tung Ho Steel Enterprise Price-to-Tangible-Book Historical Data

The historical data trend for Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise Price-to-Tangible-Book Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.65

0.95

1.67

1.34

1.70

Tung Ho Steel Enterprise Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.50	1.51	1.49	1.70	1.71

Competitive Comparison of Tung Ho Steel Enterprise's Price-to-Tangible-Book

For the Steel subindustry, Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Tung Ho Steel Enterprise's Price-to-Tangible-Book falls into.

Tung Ho Steel Enterprise Price-to-Tangible-Book Calculation

Tung Ho Steel Enterprise's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	22.60	/	12.535
	=	1.80

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.

Tung Ho Steel Enterprise Price-to-Tangible-Book Related Terms

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

Tung Ho Steel Enterprise (LUX:TNGHS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (LUX:TNGHS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

2006:Taiwan

Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

Tung Ho Steel Enterprise (LUX:TNGHS) Headlines

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