Novita (WAR:NVT) Price-to-Tangible-Book : 1.91 (As of May. 02, 2024)

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What is Novita Price-to-Tangible-Book?

As of today (2024-05-02), Novita's share price is zł99.20. Novita's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was zł52.05. Hence, Novita's Price to Tangible Book Ratio of today is 1.91.

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

WAR:NVT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.8 Med: 1.64 Max: 3.27
Current: 1.91

During the past 13 years, Novita's highest Price to Tangible Book Ratio was 3.27. The lowest was 0.80. And the median was 1.64.

WAR:NVT's Price-to-Tangible-Book is ranked worse than
63.43% of 990 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.345 vs WAR:NVT: 1.91

A closely related ratio is called PB Ratio. As of today, Novita's share price is zł99.20. Novita's Book Value per Sharefor the quarter that ended in Dec. 2023 was zł52.21. Hence, Novita's P/B Ratio of today is 1.90.

Novita Price-to-Tangible-Book Historical Data

The historical data trend for Novita'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.

Novita Price-to-Tangible-Book Chart

Novita Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.80

2.52

3.27

1.57

2.40

Novita 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															1.57	1.78	2.31	2.35	2.40

Competitive Comparison of Novita's Price-to-Tangible-Book

For the Textile Manufacturing subindustry, Novita'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.

Novita's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Novita's Price-to-Tangible-Book distribution charts can be found below:

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

Novita Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	99.20	/	52.053
	=	1.91

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.

Novita Price-to-Tangible-Book Related Terms

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

Novita (WAR:NVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Novita SA (WAR:NVT) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

ul. Dekoracyjna 3, Zielona Gora, POL, 65-722

Website

http://www.novita.com.pl

Novita SA is engaged in the manufacturing and sale of technical nonwovens in Poland. It offers needlepunched and spunlace nonwovens; medical and hygiene onwovens; and footwear and clothing nonwovens.