Ossen Innovation Co (Ossen Innovation Co) Price-to-Tangible-Book : 0.26 (As of May. 13, 2024)

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What is Ossen Innovation Co Price-to-Tangible-Book?

As of today (2024-05-13), Ossen Innovation Co's share price is $5.0499. Ossen Innovation Co's Tangible Book per Share of Dec. 2020 for the quarter that ended in Dec. 2020 was $19.73. Hence, Ossen Innovation Co's Price to Tangible Book Ratio of today is 0.26.

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

OSN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 1.58
Current: 0.26

During the past 13 years, Ossen Innovation Co's highest Price to Tangible Book Ratio was 1.58. The lowest was 0.09. And the median was 0.19.

OSN's Price-to-Tangible-Book is not ranked
in the Steel industry.
Industry Median: 1.04 vs OSN: 0.26

A closely related ratio is called PB Ratio. As of today, Ossen Innovation Co's share price is $5.0499. Ossen Innovation Co's Book Value per Sharefor the quarter that ended in Dec. 2020 was $20.41. Hence, Ossen Innovation Co's P/B Ratio of today is 0.25.

Ossen Innovation Co Price-to-Tangible-Book Historical Data

The historical data trend for Ossen Innovation Co'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.

Ossen Innovation Co Price-to-Tangible-Book Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Price-to-Tangible-Book

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0.16

0.19

0.09

0.18

0.24

Ossen Innovation Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.09	0.12	0.18	0.16	0.24

Competitive Comparison of Ossen Innovation Co's Price-to-Tangible-Book

For the Steel subindustry, Ossen Innovation Co'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.

Ossen Innovation Co's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ossen Innovation Co's Price-to-Tangible-Book distribution charts can be found below:

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

Ossen Innovation Co Price-to-Tangible-Book Calculation

Ossen Innovation Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2020 )
	=	5.0499	/	19.729
	=	0.26

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.

Ossen Innovation Co Price-to-Tangible-Book Related Terms

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Ossen Innovation Co (Ossen Innovation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ossen Innovation Co Ltd (NAS:OSN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, Floor 17, Shanghai, CHN, 200120

Website

http://www.osseninnovation.com

Ossen Innovation Co Ltd designs, engineers, manufactures, and sells prestressed steel materials. The company's materials are used in the construction of bridges, highways and other infrastructure projects in the People's Republic of China and internationally. Its product is categorized as coated products and uncoated products. Its coated products include zinc, rare earth and plain surface prestressed concrete.It is used in the construction of new bridges and the renovation of older bridges. Uncoated products consist of wires that are twisted into a bundle and used in precast concrete plates on the riding surface of bridges. It is categorized based on size, strength, and structure.