Westbridge Renewable Energy (TSXV:WEB) Price-to-Tangible-Book : 14.31 (As of Apr. 30, 2024)

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What is Westbridge Renewable Energy Price-to-Tangible-Book?

As of today (2024-04-30), Westbridge Renewable Energy's share price is C$0.83. Westbridge Renewable Energy's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was C$0.06. Hence, Westbridge Renewable Energy's Price to Tangible Book Ratio of today is 14.31.

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

TSXV:WEB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.61 Med: 5.36 Max: 17.93
Current: 13.83

During the past 13 years, Westbridge Renewable Energy's highest Price to Tangible Book Ratio was 17.93. The lowest was 0.61. And the median was 5.36.

TSXV:WEB's Price-to-Tangible-Book is ranked worse than
96.68% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.42 vs TSXV:WEB: 13.83

A closely related ratio is called PB Ratio. As of today, Westbridge Renewable Energy's share price is C$0.83. Westbridge Renewable Energy's Book Value per Sharefor the quarter that ended in Nov. 2023 was C$0.06. Hence, Westbridge Renewable Energy's P/B Ratio of today is 14.31.

Westbridge Renewable Energy Price-to-Tangible-Book Historical Data

The historical data trend for Westbridge Renewable Energy'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.

Westbridge Renewable Energy Price-to-Tangible-Book Chart

Westbridge Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Nov21

Nov22

Nov23

Price-to-Tangible-Book

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3.33

5.36

7.46

17.93

Westbridge Renewable Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Price-to-Tangible-Book	Get a 7-Day Free Trial															7.46	113.33	203.33	-	17.93

Competitive Comparison of Westbridge Renewable Energy's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, Westbridge Renewable Energy'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.

Westbridge Renewable Energy's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Westbridge Renewable Energy's Price-to-Tangible-Book falls into.

Westbridge Renewable Energy Price-to-Tangible-Book Calculation

Westbridge Renewable Energy's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Nov. 2023 )
	=	0.83	/	0.058
	=	14.31

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.

Westbridge Renewable Energy Price-to-Tangible-Book Related Terms

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

Westbridge Renewable Energy (TSXV:WEB) Business Description

Industry

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WEGYF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.westbridge.energy

Westbridge Renewable Energy Corp is focused on delivering attractive, long-term returns by identifying, originating, and developing a global portfolio of renewable assets for investors and utilities. It develops best-in-class, utility-scale solar PV projects. It is turning green fields and the power of the sun into a reliable, sustainable flow of energy.