Vardhman Textiles (BOM:502986) Price-to-Tangible-Book : 1.40 (As of May. 27, 2024)

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What is Vardhman Textiles Price-to-Tangible-Book?

As of today (2024-05-27), Vardhman Textiles's share price is ₹440.85. Vardhman Textiles's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ₹314.27. Hence, Vardhman Textiles's Price to Tangible Book Ratio of today is 1.40.

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

BOM:502986' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.59 Med: 1.18 Max: 1.71
Current: 1.4

During the past 13 years, Vardhman Textiles's highest Price to Tangible Book Ratio was 1.71. The lowest was 0.59. And the median was 1.18.

BOM:502986's Price-to-Tangible-Book is ranked worse than
51.66% of 991 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.34 vs BOM:502986: 1.40

A closely related ratio is called PB Ratio. As of today, Vardhman Textiles's share price is ₹440.85. Vardhman Textiles's Book Value per Sharefor the quarter that ended in Mar. 2024 was ₹314.69. Hence, Vardhman Textiles's P/B Ratio of today is 1.40.

Vardhman Textiles Price-to-Tangible-Book Historical Data

The historical data trend for Vardhman Textiles'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.

Vardhman Textiles Price-to-Tangible-Book Chart

Vardhman Textiles Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.59

1.14

1.63

0.99

1.41

Vardhman Textiles 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															0.99	-	1.22	-	1.41

Competitive Comparison of Vardhman Textiles's Price-to-Tangible-Book

For the Textile Manufacturing subindustry, Vardhman Textiles'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.

Vardhman Textiles's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vardhman Textiles's Price-to-Tangible-Book distribution charts can be found below:

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

Vardhman Textiles Price-to-Tangible-Book Calculation

Vardhman Textiles's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	440.85	/	314.274
	=	1.40

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.

Vardhman Textiles Price-to-Tangible-Book Related Terms

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

Vardhman Textiles (BOM:502986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vardhman Textiles Ltd (BOM:502986) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

VTL:India

Address

Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141010

Website

https://www.vardhman.com

Vardhman Textiles Ltd is a manufacturer and seller of textiles and acrylic fiber. The company is based in India and generates about a quarter of revenue internationally. The company's largest revenue segment is textiles, which offers greige and dyed yarns in a number of fabrics such as cotton, polyester, acrylic, organic cotton, melange, cellulose, and synthetics. Vardhman Textiles provides fabrics for the apparel industry and home textiles and manufactures shirts for retail brands. In addition, the company offers hot-rolled bars for use in industries such as automotive, engineering, and allied industries.

Vardhman Textiles (BOM:502986) Headlines

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