Hitachi Construction Machinery Co (TSE:6305) Price-to-Tangible-Book

: 1.53 (As of Today)

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As of today (2024-04-19), Hitachi Construction Machinery Co's share price is 円4570.00. Hitachi Construction Machinery Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円2,996.37. Hence, Hitachi Construction Machinery Co's Price to Tangible Book Ratio of today is 1.53.

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

TSE:6305' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.84 Med: 1.39 Max: 2.38
Current: 1.53

During the past 13 years, Hitachi Construction Machinery Co's highest Price to Tangible Book Ratio was 2.38. The lowest was 0.84. And the median was 1.39.

TSE:6305's Price-to-Tangible-Book is ranked better than
61.03% of 195 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.86 vs TSE:6305: 1.53

A closely related ratio is called PB Ratio. As of today, Hitachi Construction Machinery Co's share price is 円4570.00. Hitachi Construction Machinery Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円3,398.55. Hence, Hitachi Construction Machinery Co's P/B Ratio of today is 1.34.

Hitachi Construction Machinery Co Price-to-Tangible-Book Historical Data

The historical data trend for Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

1.52

1.15

1.72

1.28

1.13

Hitachi Construction Machinery 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																1.14	1.13	1.38	1.49	1.24

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co Price-to-Tangible-Book Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hitachi Construction Machinery Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Hitachi Construction Machinery Co's Price-to-Tangible-Book falls into.

Hitachi Construction Machinery Co Price-to-Tangible-Book Calculation

Hitachi Construction Machinery 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 )
	=	4570.00	/	2996.37
	=	1.53

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.

Hitachi Construction Machinery Co Price-to-Tangible-Book Related Terms

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Hitachi Construction Machinery Co (TSE:6305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hitachi Construction Machinery Co Ltd (TSE:6305) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

HTCMY:USA HCM:Germany

Address

16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015

Website

https://www.hitachicm.com

Hitachi Construction Machinery, or HCM, manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining/construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.4% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo, Japan.

Hitachi Construction Machinery Co (TSE:6305) Headlines

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