Fortum Oyj (LTS:0HAH) Price-to-Tangible-Book : 1.39 (As of Apr. 26, 2024)

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What is Fortum Oyj Price-to-Tangible-Book?

As of today (2024-04-26), Fortum Oyj's share price is €12.0775. Fortum Oyj's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €8.69. Hence, Fortum Oyj's Price to Tangible Book Ratio of today is 1.39.

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

LTS:0HAH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.91 Med: 1.55 Max: 2.41
Current: 1.4

During the past 13 years, Fortum Oyj's highest Price to Tangible Book Ratio was 2.41. The lowest was 0.91. And the median was 1.55.

LTS:0HAH's Price-to-Tangible-Book is ranked better than
50.51% of 392 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.4 vs LTS:0HAH: 1.40

A closely related ratio is called PB Ratio. As of today, Fortum Oyj's share price is €12.0775. Fortum Oyj's Book Value per Sharefor the quarter that ended in Dec. 2023 was €9.40. Hence, Fortum Oyj's P/B Ratio of today is 1.28.

Fortum Oyj Price-to-Tangible-Book Historical Data

The historical data trend for Fortum Oyj'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.

Fortum Oyj Price-to-Tangible-Book Chart

Fortum Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.66

1.65

2.43

2.01

1.52

Fortum Oyj 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															2.01	1.38	1.57	1.27	1.52

Competitive Comparison of Fortum Oyj's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, Fortum Oyj'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.

Fortum Oyj's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's Price-to-Tangible-Book distribution charts can be found below:

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

Fortum Oyj Price-to-Tangible-Book Calculation

Fortum Oyj's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	12.0775	/	8.688
	=	1.39

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.

Fortum Oyj Price-to-Tangible-Book Related Terms

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

Fortum Oyj (LTS:0HAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fortum Oyj (LTS:0HAH) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

FOJCY:USA FOJCF:USA FORTUM:Mexico 1FORT:Italy FORTMh:UK FORTUM:Finland FOT0:Germany

Address

Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, FI-00048

Website

https://www.fortum.com

Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, City Solutions, Consumer Solutions, Russia, and Other.

Fortum Oyj (LTS:0HAH) Headlines

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