REE Automotive (REE Automotive) Price-to-Tangible-Book : 0.47 (As of Apr. 25, 2024)

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What is REE Automotive Price-to-Tangible-Book?

As of today (2024-04-25), REE Automotive's share price is $4.32. REE Automotive's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $9.24. Hence, REE Automotive's Price to Tangible Book Ratio of today is 0.47.

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

REE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.43 Med: 0.56 Max: 5.19
Current: 0.47

During the past 5 years, REE Automotive's highest Price to Tangible Book Ratio was 5.19. The lowest was 0.43. And the median was 0.56.

REE's Price-to-Tangible-Book is ranked better than
90.73% of 1198 companies
in the Vehicles & Parts industry
Industry Median: 1.675 vs REE: 0.47

A closely related ratio is called PB Ratio. As of today, REE Automotive's share price is $4.32. REE Automotive's Book Value per Sharefor the quarter that ended in Dec. 2023 was $9.24. Hence, REE Automotive's P/B Ratio of today is 0.47.

REE Automotive Price-to-Tangible-Book Historical Data

The historical data trend for REE Automotive'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.

REE Automotive Price-to-Tangible-Book Chart

REE Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

5.19

0.54

0.56

REE Automotive Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial										0.83	0.54	0.73	0.33	0.56

Competitive Comparison of REE Automotive's Price-to-Tangible-Book

For the Recreational Vehicles subindustry, REE Automotive'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.

REE Automotive's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, REE Automotive's Price-to-Tangible-Book distribution charts can be found below:

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

REE Automotive Price-to-Tangible-Book Calculation

REE Automotive's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.32	/	9.237
	=	0.47

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.

REE Automotive Price-to-Tangible-Book Related Terms

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

REE Automotive (REE Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » REE Automotive Ltd (NAS:REE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Glil-Yam, Herzliya, ISR, 4690500

Website

https://www.ree.auto

REE Automotive Ltd is a technology company whose mission is to be the cornerstone for zero-emission electric and autonomous vehicles. Company aims to empower the companies, such as original equipment manufacturers, or OEMs, delivery and logistics fleets, dealers, e-commerce retailers, new mobility players, Mobility-as-a-Service providers and autonomous drive companies, in the build-out of any size or shape of electric or autonomous vehicle - from Class 1 through Class 6, focusing primarily on Class 3 through 5 platform models on the P7 EV platform. Geographical preference in Israel, Germany, Norway, U.S, and Rest of the world.

Executives

David Weisburd	other: Member of Sponsor	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Hans Thomas	director	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007