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Ardmore ShippingASC +0.99%73 Price-to-Tangible-Book is 1.07 as of Sep. 10, 2026. GuruFocus rates ASC with a GF Score™ of 73/100 and a GF Value™ of $12.61 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 931 Transportation companies, Ardmore Shipping ranks better than 63.48% on this metric.
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.
Ardmore Shipping Price-to-Tangible-Book Related Terms
Ardmore Shipping Price-to-Tangible-Book Historical Data
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The historical data trend for Ardmore Shipping'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.
ASC vs SB, ESEA, PANL: Price-to-Tangible-Book Comparison
For the Marine Shipping subindustry, Ardmore Shipping'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.
Ardmore Shipping Price-to-Tangible-Book vs Transportation Industry
For the Transportation industry and Industrials sector, Ardmore Shipping's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ardmore Shipping's Price-to-Tangible-Book falls into.
* 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.
Ardmore Shipping (ASC) has a Price-to-Tangible-Book of 1.07 as of Sep. 10, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Ardmore Shipping and its competitors. According to the industry distribution chart, Ardmore Shipping ranks #340 out of 931 companies in the Transportation industry, placing it in the top 36.5%.
Is Ardmore Shipping's Price-to-Tangible-Book too high?
Ardmore Shipping's current Price-to-Tangible-Book is 1.07. The Transportation industry median Price-to-Tangible-Book is 1.39. Ardmore Shipping's value of 1.07 is 23% below this industry median. Based on the distribution chart, Ardmore Shipping ranks #340 out of 931 companies in the Transportation industry, which is above the industry midpoint. Overall, Ardmore Shipping has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ardmore Shipping's Price-to-Tangible-Book compare to SB and ESEA?
According to the Transportation industry distribution chart, Ardmore Shipping ranks #340 out of 931 companies for Price-to-Tangible-Book. This puts Ardmore Shipping in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.39. Ardmore Shipping's value of 1.07 is 23% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Transportation company?
The median Price-to-Tangible-Book among Transportation companies is 1.39, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ardmore Shipping's current Price-to-Tangible-Book of 1.07 is 23% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Ardmore Shipping and its competitors. For the Transportation industry, the median Price-to-Tangible-Book is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ardmore Shipping's current Price-to-Tangible-Book is 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ardmore Shipping stock overvalued right now?
Based on GuruFocus' analysis, Ardmore Shipping (ASC) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.61, compared to a current price of $18.41 — trading 46% above its estimated fair value. The current Price-to-Tangible-Book is 1.07 and 23% below the Transportation industry median of 1.39. Ardmore Shipping's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Ardmore Shipping (ASC), the current Price-to-Tangible-Book is 1.07 as of Sep. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ardmore Shipping (ASC) Overvalued in 2026?
Based on GuruFocus' analysis, Ardmore Shipping stock appears to be overvalued.
The current stock price of $18.41 is trading 46% above its estimated GF Value™ of $12.61.
GuruFocus considers Ardmore Shipping to be Significantly Overvalued.
Key valuation signals for ASC:
Price-to-Tangible-Book: 1.07
GF Value™: $12.61 vs. price of $18.41 (46% above fair value)
Industry Position: 23% below the Transportation median (#340 of 931)
No single metric tells the full story. See the ASC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The company markets its services directly to its customers and commercial pool operators and charters its vessels to them through a combination of spot, commercial pooling, and time-charter arrangements. The majority of its revenue is generated from spot voyages, which typically last less than three months.
73GF Score
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