Element Fleet Management (Element Fleet Management) Price-to-Tangible-Book : 5.39 (As of Apr. 28, 2024)

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What is Element Fleet Management Price-to-Tangible-Book?

As of today (2024-04-28), Element Fleet Management's share price is $15.80. Element Fleet Management's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $2.93. Hence, Element Fleet Management's Price to Tangible Book Ratio of today is 5.39.

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

ELEEF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.75 Med: 4.1 Max: 6.26
Current: 5.43

During the past 13 years, Element Fleet Management's highest Price to Tangible Book Ratio was 6.26. The lowest was 1.75. And the median was 4.10.

ELEEF's Price-to-Tangible-Book is ranked worse than
79.63% of 869 companies
in the Business Services industry
Industry Median: 2.08 vs ELEEF: 5.43

A closely related ratio is called PB Ratio. As of today, Element Fleet Management's share price is $15.80. Element Fleet Management's Book Value per Sharefor the quarter that ended in Dec. 2023 was $6.98. Hence, Element Fleet Management's P/B Ratio of today is 2.26.

Element Fleet Management Price-to-Tangible-Book Historical Data

The historical data trend for Element Fleet Management'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.

Element Fleet Management Price-to-Tangible-Book Chart

Element Fleet Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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4.45

4.83

5.97

6.30

5.50

Element Fleet Management 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															6.30	5.24	5.48	5.21	5.50

Competitive Comparison of Element Fleet Management's Price-to-Tangible-Book

For the Rental & Leasing Services subindustry, Element Fleet Management'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.

Element Fleet Management's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Element Fleet Management's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Element Fleet Management's Price-to-Tangible-Book falls into.

Element Fleet Management Price-to-Tangible-Book Calculation

Element Fleet Management's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	15.80	/	2.931
	=	5.39

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.

Element Fleet Management Price-to-Tangible-Book Related Terms

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

Element Fleet Management (Element Fleet Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Element Fleet Management Corp (OTCPK:ELEEF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

61F:Germany EFN.PR.E.PFD:Canada EFN.PR.C.PFD:Canada EFN:Canada

Address

161 Bay Street, Suite 3600, Toronto, ON, CAN, M5J 2S1

Website

https://www.elementfleet.com

Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets. The company operates in U.S., Canada, Mexico, Australia, and New Zealand.