Orsted A/S (OCSE:ORSTED) Price-to-Tangible-Book

: 2.20 (As of Today)

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As of today (2024-04-23), Orsted A/S's share price is kr379.60. Orsted A/S's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was kr172.43. Hence, Orsted A/S's Price to Tangible Book Ratio of today is 2.20.

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

OCSE:ORSTED' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.11 Med: 2.65 Max: 5.56
Current: 2.2

During the past 11 years, Orsted A/S's highest Price to Tangible Book Ratio was 5.56. The lowest was 2.11. And the median was 2.65.

OCSE:ORSTED's Price-to-Tangible-Book is ranked worse than
65.38% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.41 vs OCSE:ORSTED: 2.20

A closely related ratio is called PB Ratio. As of today, Orsted A/S's share price is kr379.60. Orsted A/S's Book Value per Sharefor the quarter that ended in Dec. 2023 was kr180.58. Hence, Orsted A/S's P/B Ratio of today is 2.10.

Orsted A/S Price-to-Tangible-Book Historical Data

The historical data trend for Orsted A/S'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.

Orsted A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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3.38

5.56

4.36

3.03

2.17

Orsted A/S 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	Get a 7-Day Free Trial															3.03	2.61	2.76	2.22	2.17

Competitive Comparison

For the Utilities - Renewable subindustry, Orsted A/S'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.

Orsted A/S Price-to-Tangible-Book Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Orsted A/S's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Orsted A/S's Price-to-Tangible-Book falls into.

Orsted A/S Price-to-Tangible-Book Calculation

Orsted A/S's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	379.60	/	172.427
	=	2.20

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.

Orsted A/S Price-to-Tangible-Book Related Terms

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

Orsted A/S (OCSE:ORSTED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Orsted A/S (OCSE:ORSTED) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

DOGEF:USA DNNGY:USA ORSTEc:UK 0RHE:UK D2G:Germany

Address

Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000

Website

https://www.orsted.com

Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 8.9 gigawatts of offshore wind farms at the end of 2022. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the U.S. Orsted also operates 4.2 GW of onshore wind and solar assets concentrated in the United States. The company is also involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.

Orsted A/S (OCSE:ORSTED) Headlines

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