Gujarat Hy-Spin (BOM:540938) Price-to-Tangible-Book : 0.99 (As of Apr. 30, 2024)

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What is Gujarat Hy-Spin Price-to-Tangible-Book?

As of today (2024-04-30), Gujarat Hy-Spin's share price is ₹10.40. Gujarat Hy-Spin's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ₹10.54. Hence, Gujarat Hy-Spin's Price to Tangible Book Ratio of today is 0.99.

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

BOM:540938' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.22 Med: 0.6 Max: 1.9
Current: 0.99

During the past 11 years, Gujarat Hy-Spin's highest Price to Tangible Book Ratio was 1.90. The lowest was 0.22. And the median was 0.60.

BOM:540938's Price-to-Tangible-Book is ranked better than
62.83% of 990 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.32 vs BOM:540938: 0.99

A closely related ratio is called PB Ratio. As of today, Gujarat Hy-Spin's share price is ₹10.40. Gujarat Hy-Spin's Book Value per Sharefor the quarter that ended in Sep. 2023 was ₹10.54. Hence, Gujarat Hy-Spin's P/B Ratio of today is 0.99.

Gujarat Hy-Spin Price-to-Tangible-Book Historical Data

The historical data trend for Gujarat Hy-Spin'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.

Gujarat Hy-Spin Price-to-Tangible-Book Chart

Gujarat Hy-Spin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.51

0.22

0.70

0.85

1.00

Gujarat Hy-Spin Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial													0.55	0.85	1.90	1.00	1.07

Competitive Comparison of Gujarat Hy-Spin's Price-to-Tangible-Book

For the Textile Manufacturing subindustry, Gujarat Hy-Spin'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.

Gujarat Hy-Spin's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Gujarat Hy-Spin Price-to-Tangible-Book Calculation

Gujarat Hy-Spin's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	10.40	/	10.538
	=	0.99

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.

Gujarat Hy-Spin Price-to-Tangible-Book Related Terms

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Gujarat Hy-Spin (BOM:540938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gujarat Hy-Spin Ltd (BOM:540938) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Gundala Road, P. O. Box No. 22, Rajkot District, Gondal, GJ, IND, 360311

Website

http://www.gujarathyspin.com

Gujarat Hy-Spin Ltd operates in the textile industry. Principally, it is engaged in the business of manufacturing cotton yarns as well as trading in cotton and other related items. In addition, it also produces ring yarns. The company sells cotton yarns to dealers who market it to other industrial units for weaving and other purposes. Its products comprise cotton bales, cotton waste, cotton yarn, raw cotton, wash oil, cotton seeds, and others. The company generates maximum revenue through the sale of its cotton yarn product.

Gujarat Hy-Spin (BOM:540938) Headlines

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