Ta Chen Stainless Pipe Co (TPE:2027) Price-to-Tangible-Book : 1.35 (As of May. 29, 2024)

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What is Ta Chen Stainless Pipe Co Price-to-Tangible-Book?

As of today (2024-05-29), Ta Chen Stainless Pipe Co's share price is NT$38.15. Ta Chen Stainless Pipe Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was NT$28.35. Hence, Ta Chen Stainless Pipe Co's Price to Tangible Book Ratio of today is 1.35.

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

TPE:2027' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.01 Med: 1.47 Max: 3.59
Current: 1.35

During the past 13 years, Ta Chen Stainless Pipe Co's highest Price to Tangible Book Ratio was 3.59. The lowest was 1.01. And the median was 1.47.

TPE:2027's Price-to-Tangible-Book is ranked worse than
59.07% of 601 companies
in the Steel industry
Industry Median: 1.04 vs TPE:2027: 1.35

A closely related ratio is called PB Ratio. As of today, Ta Chen Stainless Pipe Co's share price is NT$38.15. Ta Chen Stainless Pipe Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was NT$31.11. Hence, Ta Chen Stainless Pipe Co's P/B Ratio of today is 1.23.

Ta Chen Stainless Pipe Co Price-to-Tangible-Book Historical Data

The historical data trend for Ta Chen Stainless Pipe 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.

Ta Chen Stainless Pipe Co Price-to-Tangible-Book Chart

Ta Chen Stainless Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.06

2.20

1.89

1.32

1.48

Ta Chen Stainless Pipe Co 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															1.39	1.50	1.32	1.48	1.29

Competitive Comparison of Ta Chen Stainless Pipe Co's Price-to-Tangible-Book

For the Steel subindustry, Ta Chen Stainless Pipe 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.

Ta Chen Stainless Pipe Co's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ta Chen Stainless Pipe Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Ta Chen Stainless Pipe Co's Price-to-Tangible-Book falls into.

Ta Chen Stainless Pipe Co Price-to-Tangible-Book Calculation

Ta Chen Stainless Pipe Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	38.15	/	28.349
	=	1.35

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.

Ta Chen Stainless Pipe Co Price-to-Tangible-Book Related Terms

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

Ta Chen Stainless Pipe Co (TPE:2027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ta Chen Stainless Pipe Co Ltd (TPE:2027) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.125 Hsin-Tien 2nd Street, Hsin-Tien, Jeng-Teh, Tainan, TWN

Website

https://www.tachen.com.tw

Ta Chen Stainless Pipe Co Ltd is a Taiwan-based company that is primarily engaged in manufacturing and distributing of stainless steel, fasteners, steel strips, aluminum and nickel alloy coils, sheets, plates, long products, tubes, and PVFs. The company generates most of its sales from stainless steel products and fasteners. The company particularly specializes in manufacturing stainless tube and its accessories, which are used in petrochemical and food industries. Geographically, the company generates almost all of its revenue from the American market, where the company distributes its products through its warehouses in Los Angeles, Chicago, Houston, Atlanta, Florida, Philadelphia, Seattle, and Cleveland.

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