As of today (2024-04-25), Globalstar's share price is $1.295. Globalstar's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.15. Hence, Globalstar's Price to Tangible Book Ratio of today is 8.46.
The historical rank and industry rank for Globalstar's Price-to-Tangible-Book or its related term are showing as below:
GSAT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.43 Med: 6.01 Max: 33.54
Current: 8.63
During the past 13 years, Globalstar's highest Price to Tangible Book Ratio was 33.54. The lowest was 1.43. And the median was 6.01.
GSAT's Price-to-Tangible-Book is ranked worse than 85.36% of 280
companies
in the Telecommunication Services industry
Industry Median: 2.535
vs GSAT: 8.63
A closely related ratio is called PB Ratio. As of today, Globalstar's share price is $1.295. Globalstar's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.20. Hence, Globalstar's P/B Ratio of today is 6.44.
Globalstar Price-to-Tangible-Book Historical Data
The historical data trend for Globalstar'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.
Competitive Comparison of Globalstar's Price-to-Tangible-Book
For the Telecom Services subindustry, Globalstar'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.
Globalstar's Price-to-Tangible-Book Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Globalstar's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Globalstar's Price-to-Tangible-Book falls into.
Globalstar Price-to-Tangible-Book Calculation
Globalstar's price-to-tangible-book ratio for today is calculated as:
* 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.
Globalstar Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Globalstar's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. The company generates the vast majority of its revenue within the United States.
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