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Ashoka Metcast (BOM:540923) Price-to-Tangible-Book : 0.45 (As of Apr. 25, 2024)


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What is Ashoka Metcast Price-to-Tangible-Book?

As of today (2024-04-25), Ashoka Metcast's share price is ₹18.50. Ashoka Metcast's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ₹40.96. Hence, Ashoka Metcast's Price to Tangible Book Ratio of today is 0.45.

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

BOM:540923' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.1   Med: 0.25   Max: 0.47
Current: 0.45

During the past 11 years, Ashoka Metcast's highest Price to Tangible Book Ratio was 0.47. The lowest was 0.10. And the median was 0.25.

BOM:540923's Price-to-Tangible-Book is ranked better than
84.44% of 604 companies
in the Steel industry
Industry Median: 1.05 vs BOM:540923: 0.45

A closely related ratio is called PB Ratio. As of today, Ashoka Metcast's share price is ₹18.50. Ashoka Metcast's Book Value per Sharefor the quarter that ended in Sep. 2023 was ₹41.22. Hence, Ashoka Metcast's P/B Ratio of today is 0.45.


Ashoka Metcast Price-to-Tangible-Book Historical Data

The historical data trend for Ashoka Metcast'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.

Ashoka Metcast Price-to-Tangible-Book Chart

Ashoka Metcast 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 0.24 0.10 0.26 0.31 0.38

Ashoka Metcast Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 0.24 0.31 0.23 0.38 0.46

Competitive Comparison of Ashoka Metcast's Price-to-Tangible-Book

For the Steel subindustry, Ashoka Metcast'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.


Ashoka Metcast's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashoka Metcast's Price-to-Tangible-Book distribution charts can be found below:

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



Ashoka Metcast Price-to-Tangible-Book Calculation

Ashoka Metcast's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Sep. 2023 )
=18.50/40.957
=0.45

* 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.


Ashoka Metcast Price-to-Tangible-Book Related Terms

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


Ashoka Metcast (BOM:540923) Business Description

Traded in Other Exchanges
Address
Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006
Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

Ashoka Metcast (BOM:540923) Headlines

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