As of today (2024-04-26), Joy Global's share price is $28.30. Joy Global's Tangible Book per Share of Jan. 2017 for the quarter that ended in Jan. 2017 was $8.30. Hence, Joy Global's Price to Tangible Book Ratio of today is 3.41.
The historical rank and industry rank for Joy Global's Price-to-Tangible-Book or its related term are showing as below:
JOY's Price-to-Tangible-Book is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 1.81 * Ranked among companies with meaningful Price-to-Tangible-Book only.
The historical data trend for Joy Global'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 Joy Global's Price-to-Tangible-Book
For the Farm & Heavy Construction Machinery subindustry, Joy Global'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.
Joy Global's Price-to-Tangible-Book Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Joy Global's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Joy Global's Price-to-Tangible-Book falls into.
Joy Global Price-to-Tangible-Book Calculation
Joy Global'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.
Joy Global Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Joy Global's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.
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