Avance Gas Holding (Avance Gas Holding) Price-to-Tangible-Book

: 1.75 (As of Today)

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As of today (2024-04-24), Avance Gas Holding's share price is $13.78. Avance Gas Holding's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.88. Hence, Avance Gas Holding's Price to Tangible Book Ratio of today is 1.75.

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

AVACF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.25 Med: 0.66 Max: 1.83
Current: 1.83

During the past 11 years, Avance Gas Holding's highest Price to Tangible Book Ratio was 1.83. The lowest was 0.25. And the median was 0.66.

AVACF's Price-to-Tangible-Book is ranked worse than
62.96% of 926 companies
in the Oil & Gas industry
Industry Median: 1.32 vs AVACF: 1.83

A closely related ratio is called PB Ratio. As of today, Avance Gas Holding's share price is $13.78. Avance Gas Holding's Book Value per Sharefor the quarter that ended in Dec. 2023 was $7.88. Hence, Avance Gas Holding's P/B Ratio of today is 1.75.

Avance Gas Holding Price-to-Tangible-Book Historical Data

The historical data trend for Avance Gas Holding'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.

Avance Gas Holding Annual Data

Trend

Nov13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.88

0.66

0.54

0.77

1.87

Avance Gas Holding 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															0.77	0.83	1.10	1.43	1.87

Competitive Comparison

For the Oil & Gas Midstream subindustry, Avance Gas Holding'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.

Avance Gas Holding Price-to-Tangible-Book Distribution

For the Oil & Gas industry and Energy sector, Avance Gas Holding's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Avance Gas Holding's Price-to-Tangible-Book falls into.

Avance Gas Holding Price-to-Tangible-Book Calculation

Avance Gas Holding's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	13.78	/	7.883
	=	1.75

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.

Avance Gas Holding Price-to-Tangible-Book Related Terms

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

Avance Gas Holding (Avance Gas Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avance Gas Holding Ltd (OTCPK:AVACF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AVANCEo:Sweden AGAS:Norway 0QTX:UK A07:Germany

Address

14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.avancegas.com

Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.

Avance Gas Holding (Avance Gas Holding) Headlines

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