As of today (2024-05-06), Polar Power's share price is $0.382. Polar Power's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.75. Hence, Polar Power's Price to Tangible Book Ratio of today is 0.51.
The historical rank and industry rank for Polar Power's Price-to-Tangible-Book or its related term are showing as below:
POLA'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.51 Med: 2.08 Max: 4.88
Current: 0.51
During the past 10 years, Polar Power's highest Price to Tangible Book Ratio was 4.88. The lowest was 0.51. And the median was 2.08.
POLA's Price-to-Tangible-Book is ranked better than 94.32% of 2818
companies
in the Industrial Products industry
Industry Median: 2.14
vs POLA: 0.51
Polar Power Price-to-Tangible-Book Historical Data
The historical data trend for Polar Power'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 Polar Power's Price-to-Tangible-Book
For the Electrical Equipment & Parts subindustry, Polar Power'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.
Polar Power's Price-to-Tangible-Book Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polar Power's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Polar Power's Price-to-Tangible-Book falls into.
Polar Power Price-to-Tangible-Book Calculation
Polar Power'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.
Polar Power Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Polar Power's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.
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