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REC (BOM:532955) Price-to-Tangible-Book : 1.99 (As of Dec. 15, 2024)


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What is REC Price-to-Tangible-Book?

As of today (2024-12-15), REC's share price is ₹556.85. REC's Tangible Book per Share of Sep. 2024 for the quarter that ended in Sep. 2024 was ₹279.16. Hence, REC's Price to Tangible Book Ratio of today is 1.99.

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

BOM:532955' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.46   Med: 0.66   Max: 1.99
Current: 1.99

During the past 13 years, REC's highest Price to Tangible Book Ratio was 1.99. The lowest was 0.46. And the median was 0.66.

BOM:532955's Price-to-Tangible-Book is ranked worse than
70.94% of 499 companies
in the Credit Services industry
Industry Median: 1.22 vs BOM:532955: 1.99

A closely related ratio is called PB Ratio. As of today, REC's share price is ₹556.85. REC's Book Value per Sharefor the quarter that ended in Sep. 2024 was ₹279.16. Hence, REC's P/B Ratio of today is 1.99.


REC Price-to-Tangible-Book Historical Data

The historical data trend for REC'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.

REC Price-to-Tangible-Book Chart

REC Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.59 0.47 0.52 1.71

REC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.19 1.66 1.71 1.90 1.99

Competitive Comparison of REC's Price-to-Tangible-Book

For the Credit Services subindustry, REC'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.


REC's Price-to-Tangible-Book Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, REC's Price-to-Tangible-Book distribution charts can be found below:

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



REC Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Sep. 2024 )
=556.85/279.163
=1.99

* 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.


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.


REC Price-to-Tangible-Book Related Terms

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


REC Business Description

Traded in Other Exchanges
Address
Plot No. I-4, Sector 29, Gurugram, HR, IND, 122001
REC Ltd is a nonbanking financial company operating in India. The company's main objective is to finance and promote power sector projects on the subcontinent. REC provides loan assistance to numerous state power utilities, private sector project developers, central power sector utilities, and state governments. REC investments include power generation, power transmission, power distribution, and other system improvement initiatives. REC is also instrumental in implementing several initiatives spearheaded on behalf of the government of India, including rural electrification. It comprises of only one business segment-lending to power, logistic and infrastructure sector. The majority of its revenue derives from long-term financing.

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