As of today (2024-04-26), Cadiz's share price is $2.25. Cadiz's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.51. Hence, Cadiz's Price to Tangible Book Ratio of today is 4.39.
The historical rank and industry rank for Cadiz's Price-to-Tangible-Book or its related term are showing as below:
CDZI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.39 Med: 4.89 Max: 5.46
Current: 4.41
During the past 13 years, Cadiz's highest Price to Tangible Book Ratio was 5.46. The lowest was 4.39. And the median was 4.89.
CDZI's Price-to-Tangible-Book is ranked worse than 86.2% of 471
companies
in the Utilities - Regulated industry
Industry Median: 1.79
vs CDZI: 4.41
A closely related ratio is called PB Ratio. As of today, Cadiz's share price is $2.25. Cadiz's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.60. Hence, Cadiz's P/B Ratio of today is 3.76.
Cadiz Price-to-Tangible-Book Historical Data
The historical data trend for Cadiz'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 Cadiz's Price-to-Tangible-Book
For the Utilities - Regulated Water subindustry, Cadiz'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.
Cadiz's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Cadiz's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Cadiz's Price-to-Tangible-Book falls into.
Cadiz Price-to-Tangible-Book Calculation
Cadiz'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.
Cadiz Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Cadiz's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.
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