Ashtead Group (Ashtead Group) Price-to-Tangible-Book : 10.18 (As of Apr. 25, 2024)

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What is Ashtead Group Price-to-Tangible-Book?

As of today (2024-04-25), Ashtead Group's share price is $72.0204. Ashtead Group's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was $7.07. Hence, Ashtead Group's Price to Tangible Book Ratio of today is 10.18.

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

ASHTF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.33 Med: 8.55 Max: 15.42
Current: 10.41

During the past 13 years, Ashtead Group's highest Price to Tangible Book Ratio was 15.42. The lowest was 5.33. And the median was 8.55.

ASHTF's Price-to-Tangible-Book is ranked worse than
90.18% of 866 companies
in the Business Services industry
Industry Median: 2.045 vs ASHTF: 10.41

A closely related ratio is called PB Ratio. As of today, Ashtead Group's share price is $72.0204. Ashtead Group's Book Value per Sharefor the quarter that ended in Jan. 2024 was $15.78. Hence, Ashtead Group's P/B Ratio of today is 4.56.

Ashtead Group Price-to-Tangible-Book Historical Data

The historical data trend for Ashtead Group'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.

Ashtead Group Price-to-Tangible-Book Chart

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Price-to-Tangible-Book

Get a 7-Day Free Trial

7.20

7.57

12.88

9.95

9.55

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Price-to-Tangible-Book	Get a 7-Day Free Trial															12.02	9.55	11.41	8.86	9.50

Competitive Comparison of Ashtead Group's Price-to-Tangible-Book

For the Rental & Leasing Services subindustry, Ashtead Group'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.

Ashtead Group's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashtead Group's Price-to-Tangible-Book distribution charts can be found below:

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

Ashtead Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jan. 2024 )
	=	72.0204	/	7.074
	=	10.18

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.

Ashtead Group Price-to-Tangible-Book Related Terms

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

Ashtead Group (Ashtead Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ASHTY:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.