SKF AB (SKF AB) Price-to-Tangible-Book

: 2.68 (As of Today)

View and export this data going back to 1985. Start your Free Trial

As of today (2024-04-23), SKF AB's share price is $20.50. SKF AB's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.65. Hence, SKF AB's Price to Tangible Book Ratio of today is 2.68.

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

SKFRY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.15 Med: 5.21 Max: 78.98
Current: 2.86

During the past 13 years, SKF AB's highest Price to Tangible Book Ratio was 78.98. The lowest was 2.15. And the median was 5.21.

SKFRY's Price-to-Tangible-Book is ranked worse than
65.15% of 2821 companies
in the Industrial Products industry
Industry Median: 2.05 vs SKFRY: 2.86

A closely related ratio is called PB Ratio. As of today, SKF AB's share price is $20.50. SKF AB's Book Value per Sharefor the quarter that ended in Dec. 2023 was $11.29. Hence, SKF AB's P/B Ratio of today is 1.82.

SKF AB Price-to-Tangible-Book Historical Data

The historical data trend for SKF AB'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.

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

5.06

5.41

3.69

2.14

2.62

SKF AB 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																2.14	2.84	2.33	2.24	2.62

Competitive Comparison

For the Tools & Accessories subindustry, SKF AB'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.

SKF AB Price-to-Tangible-Book Distribution

For the Industrial Products industry and Industrials sector, SKF AB's Price-to-Tangible-Book distribution charts can be found below:

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

SKF AB Price-to-Tangible-Book Calculation

SKF AB's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	20.50	/	7.651
	=	2.68

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.

SKF AB Price-to-Tangible-Book Related Terms

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

SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.