Meitongyo Co (TSE:2207) Price-to-Tangible-Book : 0.62 (As of May. 21, 2024)

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

As of today (2024-05-21), Meitongyo Co's share price is 円1792.00. Meitongyo Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円2,886.78. Hence, Meitongyo Co's Price to Tangible Book Ratio of today is 0.62.

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

TSE:2207' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.43 Med: 0.57 Max: 0.66
Current: 0.62

During the past 13 years, Meitongyo Co's highest Price to Tangible Book Ratio was 0.66. The lowest was 0.43. And the median was 0.57.

TSE:2207's Price-to-Tangible-Book is ranked better than
86.19% of 1709 companies
in the Consumer Packaged Goods industry
Industry Median: 1.74 vs TSE:2207: 0.62

A closely related ratio is called PB Ratio. As of today, Meitongyo Co's share price is 円1792.00. Meitongyo Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円2,894.23. Hence, Meitongyo Co's P/B Ratio of today is 0.62.

Meitongyo Co Price-to-Tangible-Book Historical Data

The historical data trend for Meitongyo 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.

Meitongyo Co Price-to-Tangible-Book Chart

Meitongyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.59

0.55

0.60

0.63

Meitongyo 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															0.62	0.63	0.59	0.56	0.59

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

For the Confectioners subindustry, Meitongyo 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.

Meitongyo Co's Price-to-Tangible-Book Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meitongyo Co's Price-to-Tangible-Book distribution charts can be found below:

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

Meitongyo Co Price-to-Tangible-Book Calculation

Meitongyo 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 )
	=	1792.00	/	2886.783
	=	0.62

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.

Meitongyo Co Price-to-Tangible-Book Related Terms

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

Meitongyo Co (TSE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meito Sangyo Co Ltd (TSE:2207) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 41-chome, Nagoya, Sasazuka, Aichi Prefecture, JPN, 451-8520

Website

http://www.meito-sangyo.co.jp

Meito Sangyo Co Ltd is a Japanese based company operates in a wide range of business. The company is primarily involved in the manufacture and sale of confectionery, beverages, seasoning foods, food additives and other foods. In addition, it is also involved in the manufacture and sale of pharmaceuticals, quasi-drugs, medical devices, veterinary medicines, cosmetics, and other chemical products. Further, it also involved in the construction and management of golf course activity. Geographically, business activities of the group are functioned through the region of Japan.

Meitongyo Co (TSE:2207) Headlines

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