As of today (2024-04-19), United Rentals's share price is $628.34. United Rentals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $22.60. Hence, United Rentals's Price to Tangible Book Ratio of today is 27.81.
The historical rank and industry rank for United Rentals's Price-to-Tangible-Book or its related term are showing as below:
URI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 25.38 Med: 33.8 Max: 42.21
Current: 27.8
During the past 13 years, United Rentals's highest Price to Tangible Book Ratio was 42.21. The lowest was 25.38. And the median was 33.80.
URI's Price-to-Tangible-Book is ranked worse than 96.67% of 870
companies
in the Business Services industry
Industry Median: 2.03
vs URI: 27.80
A closely related ratio is called PB Ratio. As of today, United Rentals's share price is $628.34. United Rentals's Book Value per Sharefor the quarter that ended in Dec. 2023 was $120.86. Hence, United Rentals's P/B Ratio of today is 5.20.
United Rentals Price-to-Tangible-Book Historical Data
The historical data trend for United Rentals'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.
United Rentals Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
-
-
-
42.21
25.38
United Rentals 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
42.21
49.24
37.31
24.36
25.38
Competitive Comparison
For the Rental & Leasing Services subindustry, United Rentals'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.
United Rentals Price-to-Tangible-Book Distribution
For the Business Services industry and Industrials sector, United Rentals's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where United Rentals's Price-to-Tangible-Book falls into.
United Rentals Price-to-Tangible-Book Calculation
United Rentals's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
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.
United Rentals Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of United Rentals's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
United Rentals (United Rentals) Business Description
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.
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