Daito Trust Construction Co (Daito Trust Construction Co) Price-to-Tangible-Book : 2.82 (As of Apr. 27, 2024)

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What is Daito Trust Construction Co Price-to-Tangible-Book?

As of today (2024-04-27), Daito Trust Construction Co's share price is $26.395. Daito Trust Construction Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $9.35. Hence, Daito Trust Construction Co's Price to Tangible Book Ratio of today is 2.82.

The historical rank and industry rank for Daito Trust Construction Co's Price-to-Tangible-Book or its related term are showing as below:

DIFTY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.37 Med: 3.96 Max: 6.48
Current: 3.05

During the past 13 years, Daito Trust Construction Co's highest Price to Tangible Book Ratio was 6.48. The lowest was 2.37. And the median was 3.96.

DIFTY's Price-to-Tangible-Book is ranked worse than
87.74% of 1721 companies
in the Real Estate industry
Industry Median: 0.81 vs DIFTY: 3.05

A closely related ratio is called PB Ratio. As of today, Daito Trust Construction Co's share price is $26.395. Daito Trust Construction Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was $10.26. Hence, Daito Trust Construction Co's P/B Ratio of today is 2.57.

Daito Trust Construction Co Price-to-Tangible-Book Historical Data

The historical data trend for Daito Trust Construction Co'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.

Daito Trust Construction Co Price-to-Tangible-Book Chart

Daito Trust Construction Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

4.15

2.66

3.25

2.64

2.38

Daito Trust Construction Co 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															2.65	2.38	2.57	2.67	3.12

Competitive Comparison of Daito Trust Construction Co's Price-to-Tangible-Book

For the Real Estate - Diversified subindustry, Daito Trust Construction Co'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.

Daito Trust Construction Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Daito Trust Construction Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Daito Trust Construction Co's Price-to-Tangible-Book falls into.

Daito Trust Construction Co Price-to-Tangible-Book Calculation

Daito Trust Construction Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	26.395	/	9.352
	=	2.82

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.

Daito Trust Construction Co Price-to-Tangible-Book Related Terms

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

Daito Trust Construction Co (Daito Trust Construction Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Daito Trust Construction Co Ltd (OTCPK:DIFTY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

1878:Japan 1878:Japan 4D7:Germany

Address

2-16-1, Konan, Minato-ku, Tokyo, JPN, 108-8211

Website

http://www.kentaku.co.jp

Daito Trust Construction Co Ltd engages in the design and construction of apartments, condominiums, rental office buildings, factories, and warehouses. Additional activities include tenant recruiting, building maintenance, and contracting arrangements. A Lease Management Trust System sits at the center of Daito's operations. Under this system, business is divided between the construction business and the real estate business. The company plans and proposes building rental businesses to landowners, and then designs and constructs the contracted rental buildings. Daito also recruits tenants for its constructed rental buildings and provides property management and operation services for the buildings.

Daito Trust Construction Co (Daito Trust Construction Co) Headlines

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