Synlait Milk (ASX:SM1) Price-to-Tangible-Book : 0.16 (As of May. 11, 2024)

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What is Synlait Milk Price-to-Tangible-Book?

As of today (2024-05-11), Synlait Milk's share price is A$0.43. Synlait Milk's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was A$2.70. Hence, Synlait Milk's Price to Tangible Book Ratio of today is 0.16.

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

ASX:SM1' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.15 Med: 2.06 Max: 4.76
Current: 0.16

During the past 7 years, Synlait Milk's highest Price to Tangible Book Ratio was 4.76. The lowest was 0.15. And the median was 2.06.

ASX:SM1's Price-to-Tangible-Book is ranked better than
98.53% of 1704 companies
in the Consumer Packaged Goods industry
Industry Median: 1.735 vs ASX:SM1: 0.16

A closely related ratio is called PB Ratio. As of today, Synlait Milk's share price is A$0.43. Synlait Milk's Book Value per Sharefor the quarter that ended in Jan. 2024 was A$2.97. Hence, Synlait Milk's P/B Ratio of today is 0.14.

Synlait Milk Price-to-Tangible-Book Historical Data

The historical data trend for Synlait Milk'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.

Synlait Milk Price-to-Tangible-Book Chart

Synlait Milk Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Price-to-Tangible-Book

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3.84

2.48

1.29

1.21

0.50

Synlait Milk Semi-Annual Data
	Jan14	Jan15	Jan16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Price-to-Tangible-Book	Get a 7-Day Free Trial													1.15	1.21	1.19	0.50	0.28

Competitive Comparison of Synlait Milk's Price-to-Tangible-Book

For the Packaged Foods subindustry, Synlait Milk'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.

Synlait Milk's Price-to-Tangible-Book Distribution in the Consumer Packaged Goods Industry

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

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

Synlait Milk Price-to-Tangible-Book Calculation

Synlait Milk's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jan. 2024 )
	=	0.43	/	2.698
	=	0.16

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.

Synlait Milk Price-to-Tangible-Book Related Terms

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

Synlait Milk (ASX:SM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Synlait Milk Ltd (ASX:SM1) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SML:New Zealand

Address

1028 Heslerton Road, RD13, Rakaia, STL, NZL, 7783

Website

https://www.synlait.com

Synlait Milk Ltd is a dairy processing company that benefits from a differentiated milk supply and unique operating environment in New Zealand. The business operates within one industry that includes the manufacture of milk powder and its related products, liquid milk, cheese, and butter. The company's success is largely due to its core infant nutrition business. Some of its key products include infant nutritional powders, whole milk powders, skim milk powders, anhydrous milk fat, and lactoferrin. The company is largely export-focused with China as its largest export market. The acquisition of two cheese companies resulted in an instant increase in the cheese segment and a more diversified earnings base.

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