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Ajinomoto Co (Ajinomoto Co) Price-to-Tangible-Book : 4.70 (As of Apr. 25, 2024)


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What is Ajinomoto Co Price-to-Tangible-Book?

As of today (2024-04-25), Ajinomoto Co's share price is $36.42. Ajinomoto Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.75. Hence, Ajinomoto Co's Price to Tangible Book Ratio of today is 4.70.

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

AJINY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.61   Med: 2.87   Max: 5.08
Current: 5.04

During the past 13 years, Ajinomoto Co's highest Price to Tangible Book Ratio was 5.08. The lowest was 1.61. And the median was 2.87.

AJINY's Price-to-Tangible-Book is ranked worse than
85.82% of 1700 companies
in the Consumer Packaged Goods industry
Industry Median: 1.67 vs AJINY: 5.04

A closely related ratio is called PB Ratio. As of today, Ajinomoto Co's share price is $36.42. Ajinomoto Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was $10.78. Hence, Ajinomoto Co's P/B Ratio of today is 3.38.

Ajinomoto Co Price-to-Tangible-Book Historical Data

The historical data trend for Ajinomoto 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.

Ajinomoto Co Price-to-Tangible-Book Chart

Ajinomoto Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.15 2.98 2.73 3.49 4.08

Ajinomoto Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.78 4.08 4.67 4.58 4.95

Competitive Comparison of Ajinomoto Co's Price-to-Tangible-Book

For the Packaged Foods subindustry, Ajinomoto 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.

Ajinomoto Co's Price-to-Tangible-Book Distribution in the Consumer Packaged Goods Industry

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

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


Ajinomoto Co Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=36.42/7.75
=4.70

* 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:

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.

Ajinomoto Co Price-to-Tangible-Book Related Terms

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

Ajinomoto Co (Ajinomoto Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ajinomoto Co Inc (OTCPK:AJINY) » Definitions » Price-to-Tangible-Book
Comparable Companies
TSE:2801 TSE:2897 TSE:2875 TSE:2269 TSE:2212 TSE:2002 TSE:2871 TSE:2282 TSE:2229 TSE:2809 XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SHSE:600887 LSE:ABF SZSE:300999 BIMBOA
Traded in Other Exchanges
AJINF:USA 2802:Japan AJI:Germany
Address
15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315
Website
http://www.ajinomoto.co.jp
Ajinomoto is Japan's leading food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to global food manufacturers including Nestle. The food business represents nearly three fourths of group sales and 80%-plus of profits with nearly two thirds generated overseas. Healthcare and function materials (mainly Ajinomoto build-up film, or ABF), the key growth drivers through 2030, make up the balance of its business portfolio. The nonfood businesses are expected to contribute half of the group profits by 2030, boosted by ABF and CDMO growth.