Tidewater Renewables (TSX:LCFS) Price-to-Tangible-Book

: 0.49 (As of Today)

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As of today (2024-04-19), Tidewater Renewables's share price is C$7.21. Tidewater Renewables's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$14.57. Hence, Tidewater Renewables's Price to Tangible Book Ratio of today is 0.49.

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

TSX:LCFS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.5 Med: 0.74 Max: 0.99
Current: 0.51

During the past 6 years, Tidewater Renewables's highest Price to Tangible Book Ratio was 0.99. The lowest was 0.50. And the median was 0.74.

TSX:LCFS's Price-to-Tangible-Book is ranked better than
87.44% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.41 vs TSX:LCFS: 0.51

A closely related ratio is called PB Ratio. As of today, Tidewater Renewables's share price is C$7.21. Tidewater Renewables's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$14.57. Hence, Tidewater Renewables's P/B Ratio of today is 0.49.

Tidewater Renewables Price-to-Tangible-Book Historical Data

The historical data trend for Tidewater Renewables'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.

Tidewater Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

0.99

0.74

0.55

Tidewater Renewables Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book												0.74	0.55	0.55	0.56	0.55

Competitive Comparison

For the Utilities - Renewable subindustry, Tidewater Renewables'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.

Tidewater Renewables Price-to-Tangible-Book Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Tidewater Renewables's Price-to-Tangible-Book distribution charts can be found below:

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

Tidewater Renewables Price-to-Tangible-Book Calculation

Tidewater Renewables's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	7.21	/	14.574
	=	0.49

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.

Tidewater Renewables Price-to-Tangible-Book Related Terms

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

Tidewater Renewables (TSX:LCFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tidewater Renewables Ltd (TSX:LCFS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TDWRF:USA 7GZ:Germany

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas.

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