As of today (2024-05-11), Arconic's share price is $29.99. Arconic's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was $11.86. Hence, Arconic's Price to Tangible Book Ratio of today is 2.53.
The historical rank and industry rank for Arconic's Price-to-Tangible-Book or its related term are showing as below:
ARNC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.35 Med: 2.35 Max: 3.21
Current: 2.53
During the past 7 years, Arconic's highest Price to Tangible Book Ratio was 3.21. The lowest was 1.35. And the median was 2.35.
ARNC's Price-to-Tangible-Book is not ranked
in the Industrial Products industry.
Industry Median: 2.14
vs ARNC: 2.53
A closely related ratio is called PB Ratio. As of today, Arconic's share price is $29.99. Arconic's Book Value per Sharefor the quarter that ended in Jun. 2023 was $14.79. Hence, Arconic's P/B Ratio of today is 2.03.
Arconic Price-to-Tangible-Book Historical Data
The historical data trend for Arconic'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 Arconic's Price-to-Tangible-Book
For the Metal Fabrication subindustry, Arconic'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.
Arconic's Price-to-Tangible-Book Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Arconic's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Arconic's Price-to-Tangible-Book falls into.
Arconic Price-to-Tangible-Book Calculation
Arconic'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.
Arconic Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Arconic's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Arconic Corp is engaged in the manufacturing of aluminum sheets, plates, extrusions, and architectural products, serving the ground transportation, aerospace, building and construction, industrial, and packaging end-markets. The firm's operating segments include Rolled Products, Extrusions, and Building and Construction Systems (BCS). It generates a majority of its revenue from the Rolled Products segment which is used in the production of finished goods ranging from automotive body panels and airframes to industrial plate and brazing sheets. It sells the products globally and derives key revenue from the U.S.
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