As of today (2024-04-26), ESS Tech's share price is $0.7066. ESS Tech's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.57. Hence, ESS Tech's Price to Tangible Book Ratio of today is 1.25.
The historical rank and industry rank for ESS Tech's Price-to-Tangible-Book or its related term are showing as below:
GWH'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.24 Med: 2.73 Max: 8.47
Current: 1.24
During the past 4 years, ESS Tech's highest Price to Tangible Book Ratio was 8.47. The lowest was 1.24. And the median was 2.73.
GWH's Price-to-Tangible-Book is ranked better than 73.8% of 2821
companies
in the Industrial Products industry
Industry Median: 2.1
vs GWH: 1.24
A closely related ratio is called PB Ratio. As of today, ESS Tech's share price is $0.7066. ESS Tech's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.59. Hence, ESS Tech's P/B Ratio of today is 1.19.
ESS Tech Price-to-Tangible-Book Historical Data
The historical data trend for ESS Tech'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 ESS Tech's Price-to-Tangible-Book
For the Electrical Equipment & Parts subindustry, ESS Tech'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.
ESS Tech's Price-to-Tangible-Book Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, ESS Tech's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where ESS Tech's Price-to-Tangible-Book falls into.
ESS Tech Price-to-Tangible-Book Calculation
ESS Tech'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.
ESS Tech Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of ESS Tech's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
ESS Tech Inc is a long-duration energy storage company specializing in iron flow battery technology. The company design and produce long-duration batteries predominantly using earth-abundant materials.
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