Hormel Foods (Hormel Foods) Price-to-Tangible-Book

: 16.40 (As of Today)

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As of today (2024-04-19), Hormel Foods's share price is $34.74. Hormel Foods's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was $2.12. Hence, Hormel Foods's Price to Tangible Book Ratio of today is 16.40.

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

HRL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.35 Med: 11.68 Max: 1449.38
Current: 16.39

During the past 13 years, Hormel Foods's highest Price to Tangible Book Ratio was 1449.38. The lowest was 5.35. And the median was 11.68.

HRL's Price-to-Tangible-Book is ranked worse than
97.23% of 1695 companies
in the Consumer Packaged Goods industry
Industry Median: 1.64 vs HRL: 16.39

A closely related ratio is called PB Ratio. As of today, Hormel Foods's share price is $34.74. Hormel Foods's Book Value per Sharefor the quarter that ended in Jan. 2024 was $14.33. Hence, Hormel Foods's P/B Ratio of today is 2.43.

Hormel Foods Price-to-Tangible-Book Historical Data

The historical data trend for Hormel Foods'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.

Hormel Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Price-to-Tangible-Book

9.08

9.61

103.73

31.47

16.95

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Price-to-Tangible-Book																27.90	22.96	22.55	16.95	14.34

Competitive Comparison

For the Packaged Foods subindustry, Hormel Foods'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.

Hormel Foods Price-to-Tangible-Book Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Price-to-Tangible-Book distribution charts can be found below:

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

Hormel Foods Price-to-Tangible-Book Calculation

Hormel Foods's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jan. 2024 )
	=	34.74	/	2.118
	=	16.40

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.

Hormel Foods Price-to-Tangible-Book Related Terms

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

Hormel Foods (Hormel Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (NYSE:HRL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

HRL:Mexico HO7:Germany HO7:Germany H1RL34:Brazil HRL:Austria

Address

1 Hormel Place, Austin, MN, USA, 55912-3680

Website

https://www.hormelfoods.com

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 53% of fiscal 2022 sales were from perishable food, 27% from shelf-stable, 17% from poultry, and 3% from other products. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

Executives

Susan K Nestegard	director	AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814
Kevin L Myers	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Deanna T Brady	officer: Vice President	1 HORMEL STREET, AUSTIN MN 55912
Elsa A Murano	director	1 HORMEL PLACE, AUSTIN MN 55912-3680
Pierre M Lilly	officer: SVP & Chief Compliance Officer	1 HORMEL PLACE, AUSTIN MN 55912
Mark J Ourada	officer: Group Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Mark A Coffey	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Prado Becerra Jose Luis	director	50 S. LASALLE STREET, CHICAGO IL 60603
Ray G Young	director	77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Michael Paul Zechmeister	director	C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908
Patrick J Connor	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
James P Snee	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Katherine M Losness-larson	officer: Senior Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Florence Makope	officer: Vice President and Treasurer	1 HORMEL PLACE, AUSTIN MN 55912
Christopher J. Policinski	director	4001 LEXINGTON AVENUE N., ARDEN HILLS MN 55126