Formosa Taffeta Co (TPE:1434) Price-to-Tangible-Book : 0.70 (As of Apr. 29, 2024)

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What is Formosa Taffeta Co Price-to-Tangible-Book?

As of today (2024-04-29), Formosa Taffeta Co's share price is NT$22.50. Formosa Taffeta Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was NT$32.31. Hence, Formosa Taffeta Co's Price to Tangible Book Ratio of today is 0.70.

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

TPE:1434' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.7 Med: 0.83 Max: 1.08
Current: 0.7

During the past 13 years, Formosa Taffeta Co's highest Price to Tangible Book Ratio was 1.08. The lowest was 0.70. And the median was 0.83.

TPE:1434's Price-to-Tangible-Book is ranked better than
75.96% of 990 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.32 vs TPE:1434: 0.70

A closely related ratio is called PB Ratio. As of today, Formosa Taffeta Co's share price is NT$22.50. Formosa Taffeta Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was NT$32.31. Hence, Formosa Taffeta Co's P/B Ratio of today is 0.70.

Formosa Taffeta Co Price-to-Tangible-Book Historical Data

The historical data trend for Formosa Taffeta Co'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.

Formosa Taffeta Co Price-to-Tangible-Book Chart

Formosa Taffeta Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.90

0.85

0.79

0.81

0.78

Formosa Taffeta Co 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															0.81	0.85	0.85	0.78	0.78

Competitive Comparison of Formosa Taffeta Co's Price-to-Tangible-Book

For the Textile Manufacturing subindustry, Formosa Taffeta Co'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.

Formosa Taffeta Co's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Formosa Taffeta Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Formosa Taffeta Co's Price-to-Tangible-Book falls into.

Formosa Taffeta Co Price-to-Tangible-Book Calculation

Formosa Taffeta Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	22.50	/	32.305
	=	0.70

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.

Formosa Taffeta Co Price-to-Tangible-Book Related Terms

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

Formosa Taffeta Co (TPE:1434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Formosa Taffeta Co Ltd (TPE:1434) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

317, Shuliou RD, Touliou, TWN, 640

Website

http://www.ftc.com.tw

Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. The company's business segments include first business segment, which is primarily involved in production and sale of woven, dyeing & finishing products, and management of overseas subsidiaries' plants; the cord fabric segment, which primarily produces and offers tire cords; the gasoline segment, which offers gasoline and car washing, and Other segment. The first business segment and the cord fabric segment jointly contribute more than half of the company's total revenue.

Formosa Taffeta Co (TPE:1434) Headlines

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