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Noble Iron (TSXV:NIR.H) Price-to-Tangible-Book : 0.68 (As of May. 15, 2024)


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What is Noble Iron Price-to-Tangible-Book?

As of today (2024-05-15), Noble Iron's share price is C$0.025. Noble Iron's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.04. Hence, Noble Iron's Price to Tangible Book Ratio of today is 0.68.

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

TSXV:NIR.H' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.47   Med: 1   Max: 3.78
Current: 0.63

During the past 13 years, Noble Iron's highest Price to Tangible Book Ratio was 3.78. The lowest was 0.47. And the median was 1.00.

TSXV:NIR.H's Price-to-Tangible-Book is ranked better than
95.46% of 2092 companies
in the Software industry
Industry Median: 3.635 vs TSXV:NIR.H: 0.63

A closely related ratio is called PB Ratio. As of today, Noble Iron's share price is C$0.025. Noble Iron's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.04. Hence, Noble Iron's P/B Ratio of today is 0.68.


Noble Iron Price-to-Tangible-Book Historical Data

The historical data trend for Noble Iron'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.

Noble Iron Price-to-Tangible-Book Chart

Noble Iron 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 0.99 1.67 3.78 0.58 0.54

Noble Iron 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 0.58 0.65 0.90 0.63 0.54

Competitive Comparison of Noble Iron's Price-to-Tangible-Book

For the Software - Application subindustry, Noble Iron'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.


Noble Iron's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Noble Iron's Price-to-Tangible-Book distribution charts can be found below:

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



Noble Iron Price-to-Tangible-Book Calculation

Noble Iron's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=0.025/0.037
=0.68

* 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.


Noble Iron Price-to-Tangible-Book Related Terms

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


Noble Iron (TSXV:NIR.H) Business Description

Traded in Other Exchanges
N/A
Address
7-871 Victoria Street North, Suite 330, Kitchener, ON, CAN, N2B 3S4
Noble Iron Inc operates in equipment rental, equipment distribution, and enterprise asset management software for the construction and industrial equipment industry. The firm's software division operates under the name "Texada Software". Texada Software develops software applications to manage the complete equipment ownership lifecycle: from equipment purchasing, rental and sales transactions, inventory management, maintenance, and depreciation tracking through to used equipment sales, disposal, and inventory replenishment. Texada Software offers in the cloud or client-based software and is scalable to meet the needs of any equipment rental company, dealership, construction company, contractor, and any customer who owns or uses construction or industrial equipment.

Noble Iron (TSXV:NIR.H) Headlines

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