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poLight ASA (OSL:PLT) Price-to-Tangible-Book : 1.11 (As of May. 12, 2024)


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What is poLight ASA Price-to-Tangible-Book?

As of today (2024-05-12), poLight ASA's share price is kr2.59. poLight ASA's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was kr2.33. Hence, poLight ASA's Price to Tangible Book Ratio of today is 1.11.

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

OSL:PLT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.05   Med: 7.72   Max: 10.75
Current: 1.11

During the past 10 years, poLight ASA's highest Price to Tangible Book Ratio was 10.75. The lowest was 1.05. And the median was 7.72.

OSL:PLT's Price-to-Tangible-Book is ranked better than
76.42% of 2303 companies
in the Hardware industry
Industry Median: 2.07 vs OSL:PLT: 1.11

A closely related ratio is called PB Ratio. As of today, poLight ASA's share price is kr2.59. poLight ASA's Book Value per Sharefor the quarter that ended in Dec. 2023 was kr2.56. Hence, poLight ASA's P/B Ratio of today is 1.01.


poLight ASA Price-to-Tangible-Book Historical Data

The historical data trend for poLight ASA'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.

poLight ASA Price-to-Tangible-Book Chart

poLight ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.27 8.94 10.75 7.64 7.80

poLight ASA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.64 7.93 3.41 4.33 7.80

Competitive Comparison of poLight ASA's Price-to-Tangible-Book

For the Electronic Components subindustry, poLight ASA'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.


poLight ASA's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, poLight ASA's Price-to-Tangible-Book distribution charts can be found below:

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



poLight ASA Price-to-Tangible-Book Calculation

poLight ASA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=2.59/2.332
=1.11

* 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.


poLight ASA Price-to-Tangible-Book Related Terms

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


poLight ASA (OSL:PLT) Business Description

Industry
Traded in Other Exchanges
Address
Innlaget 230, Skoppum, NOR, N-3185
poLight ASA provides photographic lenses used in cameras for smartphones, wearables such as watches and glasses, and industrial applications including medical and retail. The company is specialized in optics, polymers, micro-electromechanical systems technology, and image application and processing. Its products include Driver ASIC and TLens. Its geographical segments are the United States, Asia, and Europe.

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