Tomra Systems ASA (Tomra Systems ASA) Price-to-Tangible-Book : 16.15 (As of Apr. 26, 2024)

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What is Tomra Systems ASA Price-to-Tangible-Book?

As of today (2024-04-26), Tomra Systems ASA's share price is $13.52. Tomra Systems ASA's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.84. Hence, Tomra Systems ASA's Price to Tangible Book Ratio of today is 16.15.

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

TMRAF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 8.04 Med: 16.26 Max: 38.12
Current: 16.9

During the past 13 years, Tomra Systems ASA's highest Price to Tangible Book Ratio was 38.12. The lowest was 8.04. And the median was 16.26.

TMRAF's Price-to-Tangible-Book is ranked worse than
94.79% of 192 companies
in the Waste Management industry
Industry Median: 2.045 vs TMRAF: 16.90

A closely related ratio is called PB Ratio. As of today, Tomra Systems ASA's share price is $13.52. Tomra Systems ASA's Book Value per Sharefor the quarter that ended in Dec. 2023 was $2.13. Hence, Tomra Systems ASA's P/B Ratio of today is 6.35.

Tomra Systems ASA Price-to-Tangible-Book Historical Data

The historical data trend for Tomra Systems ASA'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.

Tomra Systems ASA Price-to-Tangible-Book Chart

Tomra Systems ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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26.63

33.47

38.73

19.10

13.63

Tomra Systems ASA 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															19.10	17.88	19.16	13.17	13.63

Competitive Comparison of Tomra Systems ASA's Price-to-Tangible-Book

For the Waste Management subindustry, Tomra Systems ASA'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.

Tomra Systems ASA's Price-to-Tangible-Book Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Tomra Systems ASA's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Tomra Systems ASA's Price-to-Tangible-Book falls into.

Tomra Systems ASA Price-to-Tangible-Book Calculation

Tomra Systems ASA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	13.52	/	0.837
	=	16.15

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.

Tomra Systems ASA Price-to-Tangible-Book Related Terms

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

Tomra Systems ASA (Tomra Systems ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tomra Systems ASA (OTCPK:TMRAF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TMRAY:USA TOMo:Sweden TOM:Norway 0KV7:UK TMRA:Germany

Address

Drengsrudhagen 2, Asker, NOR, 1385

Website

https://www.tomra.com

Tomra Systems ASA provides sorting and recycling solutions to better equip customers for handling waste. It operates two primary business segments: collection solutions (a majority of revenue) and sorting solutions. The company produces, sells, and services automated recycling systems, including data administration systems that monitor the volume of collected materials. It manufactures reverse vending machines to collect empty beverage containers. The empty beverage containers are gathered and processed into reusable molds. Tomra services the machines and provides replacement parts to ensure optimal performance. Food sorting solutions inspect individual pieces and stop resources from going to waste. The majority of revenue comes from customers in Europe, North America and Rest of World.