Techno Horizon Co (TSE:6629) Price-to-Tangible-Book : 1.02 (As of Apr. 25, 2024)

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What is Techno Horizon Co Price-to-Tangible-Book?

As of today (2024-04-25), Techno Horizon Co's share price is 円472.00. Techno Horizon Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円463.94. Hence, Techno Horizon Co's Price to Tangible Book Ratio of today is 1.02.

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

TSE:6629' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.43 Med: 1.12 Max: 4.1
Current: 1.02

During the past 13 years, Techno Horizon Co's highest Price to Tangible Book Ratio was 4.10. The lowest was 0.43. And the median was 1.12.

TSE:6629's Price-to-Tangible-Book is ranked better than
77.6% of 2304 companies
in the Hardware industry
Industry Median: 2.01 vs TSE:6629: 1.02

A closely related ratio is called PB Ratio. As of today, Techno Horizon Co's share price is 円472.00. Techno Horizon Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円687.81. Hence, Techno Horizon Co's P/B Ratio of today is 0.69.

Techno Horizon Co Price-to-Tangible-Book Historical Data

The historical data trend for Techno Horizon 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.

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Techno Horizon Co Price-to-Tangible-Book Chart

Techno Horizon Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.02

1.16

2.18

1.78

1.02

Techno Horizon 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															1.26	1.02	1.64	1.19	1.08

Competitive Comparison of Techno Horizon Co's Price-to-Tangible-Book

For the Electronic Components subindustry, Techno Horizon 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.

Techno Horizon Co's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Techno Horizon Co's Price-to-Tangible-Book distribution charts can be found below:

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

Techno Horizon Co Price-to-Tangible-Book Calculation

Techno Horizon 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 )
	=	472.00	/	463.939
	=	1.02

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.

Techno Horizon Co Price-to-Tangible-Book Related Terms

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

Techno Horizon Co (TSE:6629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Techno Horizon Co Ltd (TSE:6629) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

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Address

2-13-1 Chikama-tori, Minami-ku, Nagoya, Aichi, JPN, 457-0071

Website

https://www.technohorizon.co.jp

Techno Horizon Co Ltd is a Japan-based company engaged in optical business and electronic business. The company manufactures and sells optical, electrical, medical, and precision equipment; develops, manufactures, and sells information and communication equipment, FA related equipment, and other electronic devices; and produces and sells various optical lenses and plastic moulded products, as well as provides system integration services.

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