Highway Holdings (Highway Holdings) Price-to-Tangible-Book : 1.20 (As of Apr. 27, 2024)

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What is Highway Holdings Price-to-Tangible-Book?

As of today (2024-04-27), Highway Holdings's share price is $2.11. Highway Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.76. Hence, Highway Holdings's Price to Tangible Book Ratio of today is 1.20.

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

HIHO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.61 Med: 1.17 Max: 1.66
Current: 1.2

During the past 13 years, Highway Holdings's highest Price to Tangible Book Ratio was 1.66. The lowest was 0.61. And the median was 1.17.

HIHO's Price-to-Tangible-Book is ranked better than
75.12% of 2821 companies
in the Industrial Products industry
Industry Median: 2.1 vs HIHO: 1.20

A closely related ratio is called PB Ratio. As of today, Highway Holdings's share price is $2.11. Highway Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.76. Hence, Highway Holdings's P/B Ratio of today is 1.20.

Highway Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Highway Holdings'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.

Highway Holdings Price-to-Tangible-Book Chart

Highway Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.25

0.74

1.54

1.23

1.02

Highway Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.90	0.91	1.02	1.37	1.14

Competitive Comparison of Highway Holdings's Price-to-Tangible-Book

For the Metal Fabrication subindustry, Highway Holdings'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.

Highway Holdings's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Highway Holdings's Price-to-Tangible-Book distribution charts can be found below:

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

Highway Holdings Price-to-Tangible-Book Calculation

Highway Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.11	/	1.763
	=	1.20

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.

Highway Holdings Price-to-Tangible-Book Related Terms

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

Highway Holdings (Highway Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Highway Holdings Ltd (NAS:HIHO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 18, Landmark North 39 Lung Sum Avenue, Suite No.1801, Sheung Shui, New Territories, Hong Kong, HKG

Website

https://www.highwayholdings.com

Highway Holdings Ltd is a holding company. The company is a manufacturer of metal, plastic, electric and electronic components for original equipment manufacturers (OEM) and contract manufacturers. Its operating segment includes Metal stamping and mechanical OEM and Electric OEM. The metal stamping segment focuses on the manufacturing and sale of metal parts and components. The company generates maximum revenue from the Metal stamping and mechanical OEM segment. Geographically, it derives a majority of its revenue from Europe and also has a presence in Hong Kong and China, North America, and Other Asian countries.

Executives

Zeff Capital, Lp

10 percent owner

400 S. MCCADDEN PL., LOS ANGELES CA 90020