Sharjah Cement & Industrial Development Co (ADX:SCIDC) Price-to-Tangible-Book : 0.74 (As of Jun. 18, 2024)

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What is Sharjah Cement & Industrial Development Co Price-to-Tangible-Book?

As of today (2024-06-18), Sharjah Cement & Industrial Development Co's share price is د.إ1.58. Sharjah Cement & Industrial Development Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was د.إ2.14. Hence, Sharjah Cement & Industrial Development Co's Price to Tangible Book Ratio of today is 0.74.

The historical rank and industry rank for Sharjah Cement & Industrial Development Co's Price-to-Tangible-Book or its related term are showing as below:

ADX:SCIDC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.28 Med: 0.35 Max: 0.74
Current: 0.74

During the past 13 years, Sharjah Cement & Industrial Development Co's highest Price to Tangible Book Ratio was 0.74. The lowest was 0.28. And the median was 0.35.

ADX:SCIDC's Price-to-Tangible-Book is ranked better than
67.92% of 477 companies
in the Conglomerates industry
Industry Median: 1.1 vs ADX:SCIDC: 0.74

A closely related ratio is called PB Ratio. As of today, Sharjah Cement & Industrial Development Co's share price is د.إ1.58. Sharjah Cement & Industrial Development Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was د.إ2.14. Hence, Sharjah Cement & Industrial Development Co's P/B Ratio of today is 0.74.

Sharjah Cement & Industrial Development Co Price-to-Tangible-Book Historical Data

The historical data trend for Sharjah Cement & Industrial Development Co'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.

Sharjah Cement & Industrial Development Co Price-to-Tangible-Book Chart

Sharjah Cement & Industrial Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.34

0.35

0.29

0.28

Sharjah Cement & Industrial Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.29	0.31	0.30	0.28	0.28

Competitive Comparison of Sharjah Cement & Industrial Development Co's Price-to-Tangible-Book

For the Conglomerates subindustry, Sharjah Cement & Industrial Development Co'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.

Sharjah Cement & Industrial Development Co's Price-to-Tangible-Book Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sharjah Cement & Industrial Development Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Sharjah Cement & Industrial Development Co's Price-to-Tangible-Book falls into.

Sharjah Cement & Industrial Development Co Price-to-Tangible-Book Calculation

Sharjah Cement & Industrial Development Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	1.58	/	2.136
	=	0.74

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.

Sharjah Cement & Industrial Development Co Price-to-Tangible-Book Related Terms

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Sharjah Cement & Industrial Development Co (ADX:SCIDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sharjah Cement & Industrial Development Co (ADX:SCIDC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bank Street, Al Hisn Tower, P.O. Box No. 2083, 14th Floor, Sharjah, ARE

Website

https://www.sharjahcement.com

Sharjah Cement & Industrial Development Co is engaged in the manufacturing and supply of cement, paper sacks, and plastic ropes. The Company invests its surplus funds in investment securities, private equities, and properties. The company operates from Sharjah, United Arab Emirates and sells its products within UAE and many other countries, including the Middle East, Africa, and Asia. The Company has two reportable segments, 1) Manufacturing segment includes cement, paper sacks and ropes products. 2) Investment segment includes investment and cash management for the company's own account. The investment segment is organised into two business units as follows: Investment and letting out properties in UAE and Investment in public and private equities and funds, majorly in GCC and Asia.

Sharjah Cement & Industrial Development Co (ADX:SCIDC) Headlines

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