Tokyo Rope Mfg Co (TSE:5981) PB Ratio : 0.61 (As of Jun. 20, 2024)

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What is Tokyo Rope Mfg Co PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-20), Tokyo Rope Mfg Co's share price is 円1325.00. Tokyo Rope Mfg Co's Book Value per Share for the quarter that ended in Dec. 2023 was 円2,174.32. Hence, Tokyo Rope Mfg Co's PB Ratio of today is 0.61.

Good Sign:

Tokyo Rope Mfg Co Ltd stock PB Ratio (=0.59) is close to 1-year low of 0.58

The historical rank and industry rank for Tokyo Rope Mfg Co's PB Ratio or its related term are showing as below:

TSE:5981' s PB Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.93 Max: 2.56
Current: 0.61

During the past 13 years, Tokyo Rope Mfg Co's highest PB Ratio was 2.56. The lowest was 0.35. And the median was 0.93.

TSE:5981's PB Ratio is ranked better than
90.24% of 2931 companies
in the Industrial Products industry
Industry Median: 1.86 vs TSE:5981: 0.61

During the past 12 months, Tokyo Rope Mfg Co's average Book Value Per Share Growth Rate was 18.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 15.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 7.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tokyo Rope Mfg Co was 26.10% per year. The lowest was -37.60% per year. And the median was -1.20% per year.

Back to Basics: PB Ratio

Tokyo Rope Mfg Co PB Ratio Historical Data

The historical data trend for Tokyo Rope Mfg Co's PB Ratio 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.

Tokyo Rope Mfg Co PB Ratio Chart

Tokyo Rope Mfg Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

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0.65

0.49

0.85

0.57

0.60

Tokyo Rope Mfg Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.47	0.60	0.58	0.65	0.61

Competitive Comparison of Tokyo Rope Mfg Co's PB Ratio

For the Specialty Industrial Machinery subindustry, Tokyo Rope Mfg Co's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Tokyo Rope Mfg Co's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tokyo Rope Mfg Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Tokyo Rope Mfg Co's PB Ratio falls into.

Tokyo Rope Mfg Co PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Tokyo Rope Mfg Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1325.00	/	2174.316
	=	0.61

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Tokyo Rope Mfg Co (TSE:5981) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Tokyo Rope Mfg Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Tokyo Rope Mfg Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tokyo Rope Mfg Co (TSE:5981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tokyo Rope Mfg Co Ltd (TSE:5981) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-6-2 Nihonbashi, Chuo-ku, Tokyo, JPN, 1038306

Website

http://www.tokyorope.co.jp

Tokyo Rope Mfg Co Ltd is a Japan-based manufacturing company. Principally, it is involved in the design and construction of road safety devices such as rock fall prevention net, environment protection products including sound insulation walls, and bridges and cable-suspended bridges. It offers the various products such as wire rope for the use with the crane, elevators, forestry and fisheries and cableway, galvanized wire and strand, steel cord, bridge and structural cable product, carbon fiber composite cables, and many more. Additionally, it also produces and markets several industrial types of machinery and metal fiber.

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