Taiheiyo Cement (Taiheiyo Cement) Price-to-Tangible-Book : 0.73 (As of Apr. 28, 2024)

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What is Taiheiyo Cement Price-to-Tangible-Book?

As of today (2024-04-28), Taiheiyo Cement's share price is $5.60. Taiheiyo Cement's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.63. Hence, Taiheiyo Cement's Price to Tangible Book Ratio of today is 0.73.

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

THYCY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.48 Med: 1.08 Max: 2.49
Current: 0.8

During the past 13 years, Taiheiyo Cement's highest Price to Tangible Book Ratio was 2.49. The lowest was 0.48. And the median was 1.08.

THYCY's Price-to-Tangible-Book is ranked better than
73.33% of 375 companies
in the Building Materials industry
Industry Median: 1.4 vs THYCY: 0.80

A closely related ratio is called PB Ratio. As of today, Taiheiyo Cement's share price is $5.60. Taiheiyo Cement's Book Value per Sharefor the quarter that ended in Dec. 2023 was $8.24. Hence, Taiheiyo Cement's P/B Ratio of today is 0.68.

Taiheiyo Cement Price-to-Tangible-Book Historical Data

The historical data trend for Taiheiyo Cement'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.

Taiheiyo Cement Price-to-Tangible-Book Chart

Taiheiyo Cement Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

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1.18

0.53

0.77

0.47

0.64

Taiheiyo Cement 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															0.50	0.64	0.70	0.64	0.55

Competitive Comparison of Taiheiyo Cement's Price-to-Tangible-Book

For the Building Materials subindustry, Taiheiyo Cement'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.

Taiheiyo Cement's Price-to-Tangible-Book Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiheiyo Cement's Price-to-Tangible-Book distribution charts can be found below:

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

Taiheiyo Cement Price-to-Tangible-Book Calculation

Taiheiyo Cement's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	5.60	/	7.625
	=	0.73

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.

Taiheiyo Cement Price-to-Tangible-Book Related Terms

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

Taiheiyo Cement (Taiheiyo Cement) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiheiyo Cement Corp (OTCPK:THYCY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

THYCF:USA 5233:Japan

Address

Daiba Garden City Building, 2-3-5, Daiba, Minato-ku, Tokyo, JPN, 104-8518

Website

http://www.taiheiyo-cement.co.jp

Taiheiyo Cement Corp manufactures and sells construction materials to the building, construction, and infrastructure industries. The company also generates biomass power. The firm organizes itself in six segments based on function and location: Cement, Mineral Resources, Environmental, Construction Materials, Ceramics, and Electronics. The Cement segment, which generates the majority of revenue, sells cement, ready-mix concrete. The Mineral Resources segment extracts and sells limestone and construction materials. The Environmental segment turns waste into power and cement and sells desulfurization products to coal power plants. The majority of revenue is generated in Asia and the United States.

Taiheiyo Cement (Taiheiyo Cement) Headlines

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