Okaya Electric Industries Co (TSE:6926) Price-to-Tangible-Book : 0.64 (As of May. 16, 2024)

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What is Okaya Electric Industries Co Price-to-Tangible-Book?

As of today (2024-05-16), Okaya Electric Industries Co's share price is 円251.00. Okaya Electric Industries Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円391.91. Hence, Okaya Electric Industries Co's Price to Tangible Book Ratio of today is 0.64.

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

TSE:6926' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.64 Med: 1.01 Max: 1.49
Current: 0.64

During the past 13 years, Okaya Electric Industries Co's highest Price to Tangible Book Ratio was 1.49. The lowest was 0.64. And the median was 1.01.

TSE:6926's Price-to-Tangible-Book is ranked better than
89.97% of 2304 companies
in the Hardware industry
Industry Median: 2.05 vs TSE:6926: 0.64

A closely related ratio is called PB Ratio. As of today, Okaya Electric Industries Co's share price is 円251.00. Okaya Electric Industries Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円401.75. Hence, Okaya Electric Industries Co's P/B Ratio of today is 0.62.

Okaya Electric Industries Co Price-to-Tangible-Book Historical Data

The historical data trend for Okaya Electric Industries 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.

Okaya Electric Industries Co Price-to-Tangible-Book Chart

Okaya Electric Industries Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.06

1.01

1.21

0.95

0.85

Okaya Electric Industries 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															0.69	0.85	0.72	0.76	0.71

Competitive Comparison of Okaya Electric Industries Co's Price-to-Tangible-Book

For the Electronic Components subindustry, Okaya Electric Industries 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.

Okaya Electric Industries Co's Price-to-Tangible-Book Distribution in the Hardware Industry

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

* The bar in red indicates where Okaya Electric Industries Co's Price-to-Tangible-Book falls into.

Okaya Electric Industries Co Price-to-Tangible-Book Calculation

Okaya Electric Industries 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 )
	=	251.00	/	391.905
	=	0.64

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.

Okaya Electric Industries Co Price-to-Tangible-Book Related Terms

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

Okaya Electric Industries Co (TSE:6926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Okaya Electric Industries Co Ltd (TSE:6926) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

6-16-9 Todoroki, Setagaya-ku, Tokyo, JPN, 158-8543

Website

http://www.okayaelec.co.jp

Okaya Electric Industries Co Ltd engages in the design, manufacture, and sale of electric components and equipment. Its product category includes: Noise-related Products, Surge-related Products, LED related Products, Sensor-related Products. Noise-related Products includes noise suppression capacitors, high pulse & snubber capacitors, spark quenchers, noise filters, and coil filters. Surge-related Products include surge absorbers. LED related Products covers LED lighting devices, LED indicators, and field sequential multi-color liquid crystal display (LCD) module. The Sensor-related Products consist light emitting diode (LED) sensors. The Other Noise products segment provides coil filters.

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