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New Cosmos Electric Co (TSE:6824) Price-to-Tangible-Book : 0.65 (As of May. 25, 2024)


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What is New Cosmos Electric Co Price-to-Tangible-Book?

As of today (2024-05-25), New Cosmos Electric Co's share price is 円2190.00. New Cosmos Electric Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円3,354.81. Hence, New Cosmos Electric Co's Price to Tangible Book Ratio of today is 0.65.

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

TSE:6824' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.56   Med: 0.73   Max: 0.9
Current: 0.65

During the past 13 years, New Cosmos Electric Co's highest Price to Tangible Book Ratio was 0.90. The lowest was 0.56. And the median was 0.73.

TSE:6824's Price-to-Tangible-Book is ranked better than
89.73% of 2298 companies
in the Hardware industry
Industry Median: 2.04 vs TSE:6824: 0.65

A closely related ratio is called PB Ratio. As of today, New Cosmos Electric Co's share price is 円2190.00. New Cosmos Electric Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円3,467.13. Hence, New Cosmos Electric Co's P/B Ratio of today is 0.63.


New Cosmos Electric Co Price-to-Tangible-Book Historical Data

The historical data trend for New Cosmos Electric 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.

New Cosmos Electric Co Price-to-Tangible-Book Chart

New Cosmos Electric Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.75 0.90 0.69 0.68

New Cosmos Electric 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 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 0.62 0.68 0.72 0.67 0.66

Competitive Comparison of New Cosmos Electric Co's Price-to-Tangible-Book

For the Scientific & Technical Instruments subindustry, New Cosmos Electric 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.


New Cosmos Electric Co's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, New Cosmos Electric Co's Price-to-Tangible-Book distribution charts can be found below:

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



New Cosmos Electric Co Price-to-Tangible-Book Calculation

New Cosmos Electric 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 )
=2190.00/3354.809
=0.65

* 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.


New Cosmos Electric Co Price-to-Tangible-Book Related Terms

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


New Cosmos Electric Co (TSE:6824) Business Description

Traded in Other Exchanges
N/A
Address
2-5-4 Mitsuyanaka, Yodogawa-ku, Osaka, JPN, 532-0036
New Cosmos Electric Co., Ltd. is engaged in research, development, manufacturing, and selling of gas detection systems. Its products include residential gas alarms, industrial gas detection systems, portable gas detectors, odor sensors and products applying odor sensors. Its products used in household gas alarm utilizing original gas sensor technology, a stationary gas detection alarm device for industrial use, portable gas detector, as well as in odor sensor.

New Cosmos Electric Co (TSE:6824) Headlines

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