Nippon Gas Co (Nippon Gas Co) Price-to-Tangible-Book : 4.53 (As of May. 11, 2024)

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What is Nippon Gas Co Price-to-Tangible-Book?

As of today (2024-05-11), Nippon Gas Co's share price is $17.12516. Nippon Gas Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $3.78. Hence, Nippon Gas Co's Price to Tangible Book Ratio of today is 4.53.

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

NPPGF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.94 Med: 2.96 Max: 4.43
Current: 4.34

During the past 13 years, Nippon Gas Co's highest Price to Tangible Book Ratio was 4.43. The lowest was 1.94. And the median was 2.96.

NPPGF's Price-to-Tangible-Book is ranked worse than
85.81% of 472 companies
in the Utilities - Regulated industry
Industry Median: 1.81 vs NPPGF: 4.34

A closely related ratio is called PB Ratio. As of today, Nippon Gas Co's share price is $17.12516. Nippon Gas Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was $4.26. Hence, Nippon Gas Co's P/B Ratio of today is 4.02.

Nippon Gas Co Price-to-Tangible-Book Historical Data

The historical data trend for Nippon Gas 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.

Nippon Gas Co Price-to-Tangible-Book Chart

Nippon Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.28

2.85

3.65

3.98

Nippon Gas Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.98	-	-	-	-

Competitive Comparison of Nippon Gas Co's Price-to-Tangible-Book

For the Utilities - Regulated Gas subindustry, Nippon Gas 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.

Nippon Gas Co's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Nippon Gas Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Nippon Gas Co's Price-to-Tangible-Book falls into.

Nippon Gas Co Price-to-Tangible-Book Calculation

Nippon Gas Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	17.12516	/	3.781
	=	4.53

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.

Nippon Gas Co Price-to-Tangible-Book Related Terms

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

Nippon Gas Co (Nippon Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Nippon Gas Co Ltd (GREY:NPPGF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

8174:Japan NG0:Germany

Address

10, No. 7, No. 2-chome, Tokyo, JPN, 104-8540

Website

http://www.nichigas.co.jp

Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.

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