As of today (2024-04-23), Steel Dynamics's share price is $134.975. Steel Dynamics's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $50.82. Hence, Steel Dynamics's Price to Tangible Book Ratio of today is 2.66.
The historical rank and industry rank for Steel Dynamics's Price-to-Tangible-Book or its related term are showing as below:
STLD'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.09 Med: 2.26 Max: 3.86
Current: 2.66
During the past 13 years, Steel Dynamics's highest Price to Tangible Book Ratio was 3.86. The lowest was 2.09. And the median was 2.26.
STLD's Price-to-Tangible-Book is ranked worse than 80.96% of 604
companies
in the Steel industry
Industry Median: 1.055
vs STLD: 2.66
A closely related ratio is called PB Ratio. As of today, Steel Dynamics's share price is $134.975. Steel Dynamics's Book Value per Sharefor the quarter that ended in Dec. 2023 was $55.41. Hence, Steel Dynamics's P/B Ratio of today is 2.44.
Steel Dynamics Price-to-Tangible-Book Historical Data
The historical data trend for Steel Dynamics'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.
For the Steel subindustry, Steel Dynamics'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.
Steel Dynamics Price-to-Tangible-Book Distribution
For the Steel industry and Basic Materials sector, Steel Dynamics's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's Price-to-Tangible-Book falls into.
Steel Dynamics Price-to-Tangible-Book Calculation
Steel Dynamics'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.
Steel Dynamics Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Steel Dynamics's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Steel Dynamics (Steel Dynamics) Business Description
Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, and steel fabrication operations. It generates maximum revenue from the steel operations segment.
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