Environmental Clean Technologies (ASX:ECT) Price-to-Tangible-Book : 1.50 (As of Jun. 20, 2024)

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What is Environmental Clean Technologies Price-to-Tangible-Book?

As of today (2024-06-20), Environmental Clean Technologies's share price is A$0.003. Environmental Clean Technologies's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.00. Hence, Environmental Clean Technologies's Price to Tangible Book Ratio of today is 1.50.

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

During the past 13 years, Environmental Clean Technologies's highest Price to Tangible Book Ratio was 135.00. The lowest was 1.50. And the median was 10.00.

ASX:ECT's Price-to-Tangible-Book is not ranked ^*
in the Industrial Products industry.
Industry Median: 2.05
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Environmental Clean Technologies's share price is A$0.003. Environmental Clean Technologies's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.00. Hence, Environmental Clean Technologies's P/B Ratio of today is 1.50.

Environmental Clean Technologies Price-to-Tangible-Book Historical Data

The historical data trend for Environmental Clean Technologies'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.

Environmental Clean Technologies Price-to-Tangible-Book Chart

Environmental Clean Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

10.00

3.50

6.00

Environmental Clean Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															19.00	3.50	3.67	6.00	3.00

Competitive Comparison of Environmental Clean Technologies's Price-to-Tangible-Book

For the Pollution & Treatment Controls subindustry, Environmental Clean Technologies'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.

Environmental Clean Technologies's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Environmental Clean Technologies's Price-to-Tangible-Book distribution charts can be found below:

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

Environmental Clean Technologies Price-to-Tangible-Book Calculation

Environmental Clean Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.003	/	0.002
	=	1.50

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.

Environmental Clean Technologies Price-to-Tangible-Book Related Terms

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

Environmental Clean Technologies (ASX:ECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Environmental Clean Technologies Ltd (ASX:ECT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

209 Toorak Road, Suite 37, South Yarra, VIC, AUS, 3141

Website

https://www.ectltd.com.au

Environmental Clean Technologies Ltd is in the business of commercializing coal and iron-making technologies, which are capable of delivering both financial and environmental benefits. Its activities include the following processes: Coldry Process and Hydromor Process. The Coldry process is the company's first technology to be commercially viable as an economic method of dewatering brown coal to produce a black coal equivalent. Hydromor is a clean, low-emission, one-step process for producing high-grade primary iron using low-cost lignite to displace the need for coking coals as used in the incumbent blast furnace process.

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