ARTNB (Artesian Resources) Price-to-Tangible-Book : 1.44 (As of Dec. 15, 2024)

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What is Artesian Resources Price-to-Tangible-Book?

As of today (2024-12-15), Artesian Resources's share price is $33.00. Artesian Resources's Tangible Book per Share of Sep. 2024 for the quarter that ended in Sep. 2024 was $22.95. Hence, Artesian Resources's Price to Tangible Book Ratio of today is 1.44.

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

ARTNB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.46 Med: 2.13 Max: 2.99
Current: 1.46

During the past 13 years, Artesian Resources's highest Price to Tangible Book Ratio was 2.99. The lowest was 1.46. And the median was 2.13.

ARTNB's Price-to-Tangible-Book is ranked better than
61.17% of 461 companies
in the Utilities - Regulated industry
Industry Median: 1.85 vs ARTNB: 1.46

A closely related ratio is called PB Ratio. As of today, Artesian Resources's share price is $33.00. Artesian Resources's Book Value per Sharefor the quarter that ended in Sep. 2024 was $23.14. Hence, Artesian Resources's P/B Ratio of today is 1.43.

Artesian Resources Price-to-Tangible-Book Historical Data

The historical data trend for Artesian Resources'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.

Artesian Resources Price-to-Tangible-Book Chart

Artesian Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.14

2.04

2.40

2.71

1.80

Artesian Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.98	1.80	1.57	1.55	1.61

Competitive Comparison of Artesian Resources's Price-to-Tangible-Book

For the Utilities - Regulated Water subindustry, Artesian Resources'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.

Artesian Resources's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Artesian Resources's Price-to-Tangible-Book distribution charts can be found below:

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

Artesian Resources Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2024 )
	=	33.00	/	22.954
	=	1.44

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.

Artesian Resources Price-to-Tangible-Book Related Terms

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

Artesian Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Artesian Resources Corp (OTCPK:ARTNB) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ARTNA:USA

Address

664 Churchmans Road, Newark, DE, USA, 19702

Website

http://www.artesianwater.com

Artesian Resources Corp operates as a holding company with a focus on water distribution and wastewater services. Its regulated utility segment includes subsidiaries providing water and wastewater services in Delaware, Maryland, and Pennsylvania. Water distribution spans residential, commercial, industrial, and municipal sectors, while wastewater services are offered primarily in Sussex County, Delaware. The company also engages in non-utility businesses, offering service line protection plans, engineering services, and contract operations for water and wastewater systems. The regulated utility segment constitutes the largest portion of the company's operations, subject to regulations by Delaware, Maryland, and Pennsylvania.