NewMarket (NewMarket) Price-to-Tangible-Book

: 5.88 (As of Today)

View and export this data going back to 1999. Start your Free Trial

As of today (2024-04-17), NewMarket's share price is $583.96. NewMarket's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $99.31. Hence, NewMarket's Price to Tangible Book Ratio of today is 5.88.

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

NEU' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.74 Med: 10.06 Max: 13.02
Current: 5.88

During the past 13 years, NewMarket's highest Price to Tangible Book Ratio was 13.02. The lowest was 4.74. And the median was 10.06.

NEU's Price-to-Tangible-Book is ranked worse than
88.72% of 1489 companies
in the Chemicals industry
Industry Median: 1.76 vs NEU: 5.88

A closely related ratio is called PB Ratio. As of today, NewMarket's share price is $583.96. NewMarket's Book Value per Sharefor the quarter that ended in Dec. 2023 was $112.31. Hence, NewMarket's P/B Ratio of today is 5.20.

NewMarket Price-to-Tangible-Book Historical Data

The historical data trend for NewMarket'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.

NewMarket Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

9.88

6.91

5.60

4.74

5.50

NewMarket Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																4.74	5.05	5.03	5.15	5.50

Competitive Comparison

For the Specialty Chemicals subindustry, NewMarket'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.

NewMarket Price-to-Tangible-Book Distribution

For the Chemicals industry and Basic Materials sector, NewMarket's Price-to-Tangible-Book distribution charts can be found below:

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

NewMarket Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	583.96	/	99.313
	=	5.88

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.

NewMarket Price-to-Tangible-Book Related Terms

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

NewMarket (NewMarket) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NewMarket Corp (NYSE:NEU) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

UG9:Germany

Address

330 South Fourth Street, Richmond, VA, USA, 23219-4350

Website

https://www.newmarket.com

NewMarket Corp is a holding company that, through its subsidiaries, manufactures and sells petroleum additives. Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. It comprises two broad product applications. Lubricant additives are formulated chemical solutions that, when blended with base fluids, improve the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids. Fuel additives are chemical components that help oil refiners meet fuel specifications or formulated packages that improve the performance of gasoline, diesel, biofuels, and other fuels. More revenue comes from the United States than any other geographic region.

Executives

Lowell Simmons Ukrop	director	330 SOUTH 4TH ST, RICHMOND VA 23219
James E Rogers	director	1021 EAST CARY STREET, PO BOX 2350, RICHMOND VA 23218-2350
Gail Ridgeway	officer: Controller	330 SOUTH 4TH STREET, RICHMOND VA 23219
Ting Xu	director	330 S 4TH ST, RICHMOND VA 23219
Jewett Bryce Dickinson Iii	officer: VP and General Counsel	330 SOUTH 4TH STREET, RICHMOND VA 23219
Hazelgrove Bruce R Iii	officer: VP - Corporate Resources	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Thomas E Gottwald	director, officer: President & CEO	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Regina A Harm	officer: President Afton Chemical Corp	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Cameron D. Warner	officer: Treasurer	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Robert A. Shama	officer: President Afton Chemical Corp	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Harris H Hiter Iii	director	330 SOUTH FOURTH STREET, RICHMOND VA 23219-4350
Brian D Paliotti	officer: Vice President & CFO	330 SOUTH 4TH STREET, RICHMOND VA 23219
David A Fiorenza	officer: Vice President and Treasurer
William J Skrobacz	officer: Controller	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Patrick D Hanley	director	1000 SEMMES AVE, RICHMOND VA 23224