United Maritime (United Maritime) Price-to-Tangible-Book : 0.32 (As of Apr. 26, 2024)

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What is United Maritime Price-to-Tangible-Book?

As of today (2024-04-26), United Maritime's share price is $2.45. United Maritime's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.58. Hence, United Maritime's Price to Tangible Book Ratio of today is 0.32.

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

USEA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.32 Med: 0.45 Max: 0.56
Current: 0.32

During the past 5 years, United Maritime's highest Price to Tangible Book Ratio was 0.56. The lowest was 0.32. And the median was 0.45.

USEA's Price-to-Tangible-Book is ranked better than
95.45% of 880 companies
in the Transportation industry
Industry Median: 1.395 vs USEA: 0.32

A closely related ratio is called PB Ratio. As of today, United Maritime's share price is $2.45. United Maritime's Book Value per Sharefor the quarter that ended in Dec. 2023 was $7.58. Hence, United Maritime's P/B Ratio of today is 0.32.

United Maritime Price-to-Tangible-Book Historical Data

The historical data trend for United Maritime'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.

United Maritime Price-to-Tangible-Book Chart

United Maritime Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

0.56

0.33

United Maritime Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial						0.56	0.41	0.41	0.32	0.33

Competitive Comparison of United Maritime's Price-to-Tangible-Book

For the Marine Shipping subindustry, United Maritime'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.

United Maritime's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Maritime's Price-to-Tangible-Book distribution charts can be found below:

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

United Maritime Price-to-Tangible-Book Calculation

United Maritime's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.45	/	7.576
	=	0.32

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.

United Maritime Price-to-Tangible-Book Related Terms

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

United Maritime (United Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Maritime Corp (NAS:USEA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

YS9:Germany

Address

154 Vouliagmenis Avenue, Glyfada, GRC, 166 74

Website

https://www.unitedmaritime.gr/en

United Maritime Corp operates as a shipping company currently specializing in the worldwide seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, one Kamsarmax dry bulk vessel and one Panamax dry bulk vessel, with an aggregate cargo-carrying capacity of approximately 795,812 dwt.