As of today (2024-04-23), Watsco's share price is $406.50. Watsco's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $39.37. Hence, Watsco's Price to Tangible Book Ratio of today is 10.33.
The historical rank and industry rank for Watsco's Price-to-Tangible-Book or its related term are showing as below:
WSO'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.45 Med: 9.77 Max: 12.08
Current: 10.33
During the past 13 years, Watsco's highest Price to Tangible Book Ratio was 12.08. The lowest was 6.45. And the median was 9.77.
WSO's Price-to-Tangible-Book is ranked worse than 90.37% of 135
companies
in the Industrial Distribution industry
Industry Median: 1.32
vs WSO: 10.33
A closely related ratio is called PB Ratio. As of today, Watsco's share price is $406.50. Watsco's Book Value per Sharefor the quarter that ended in Dec. 2023 was $56.47. Hence, Watsco's P/B Ratio of today is 7.20.
Watsco Price-to-Tangible-Book Historical Data
The historical data trend for Watsco'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.
Watsco Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
8.08
9.66
11.64
7.54
10.88
Watsco 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
7.54
9.36
10.42
9.54
10.88
Competitive Comparison
For the Industrial Distribution subindustry, Watsco'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.
Watsco Price-to-Tangible-Book Distribution
For the Industrial Distribution industry and Industrials sector, Watsco's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Watsco's Price-to-Tangible-Book falls into.
Watsco Price-to-Tangible-Book Calculation
Watsco'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.
Watsco Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Watsco's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.
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