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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.
Canare Electric Co Price-to-Tangible-Book Related Terms
Canare Electric Co Price-to-Tangible-Book Historical Data
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The historical data trend for Canare Electric Co'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.
CANRF vs VRT, BE: Price-to-Tangible-Book Comparison
For the Electrical Equipment & Parts subindustry, Canare Electric Co'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.
Canare Electric Co Price-to-Tangible-Book vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Canare Electric Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Canare Electric Co'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.
Canare Electric Co (CANRF) has a Price-to-Tangible-Book of 0.56 as of Sep. 13, 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 Canare Electric Co and its competitors. According to the industry distribution chart, Canare Electric Co ranks #287 out of 2895 companies in the Industrial Products industry, placing it in the top 9.9%.
Is Canare Electric Co's Price-to-Tangible-Book too high?
Canare Electric Co's current Price-to-Tangible-Book is 0.56. The Industrial Products industry median Price-to-Tangible-Book is 2.41. Canare Electric Co's value of 0.56 is 76.8% below this industry median. Based on the distribution chart, Canare Electric Co ranks #287 out of 2895 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Canare Electric Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Canare Electric Co's Price-to-Tangible-Book compare to VRT and BE?
According to the Industrial Products industry distribution chart, Canare Electric Co ranks #287 out of 2895 companies for Price-to-Tangible-Book. This places Canare Electric Co in the top 10% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 2.41. Canare Electric Co's value of 0.56 is 76.8% 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 an Industrial Products company?
The median Price-to-Tangible-Book among Industrial Products companies is 2.41, based on 2,895 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. Canare Electric Co's current Price-to-Tangible-Book of 0.56 is 76.8% 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 Canare Electric Co and its competitors. For the Industrial Products industry, the median Price-to-Tangible-Book is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canare Electric Co's current Price-to-Tangible-Book is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canare Electric Co stock overvalued right now?
Canare Electric Co (CANRF) has a current Price-to-Tangible-Book of 0.56. The stock's GF Value™ is $9.70, compared to a current price of $9.96 — trading 2.7% above its estimated fair value. The current Price-to-Tangible-Book is 0.56 and 76.8% below the Industrial Products industry median of 2.41. Canare Electric Co's overall GF Score™ is 78/100 with 2 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 Canare Electric Co (CANRF), the current Price-to-Tangible-Book is 0.56 as of Sep. 13, 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 Canare Electric Co (CANRF) Overvalued in 2026?
Based on GuruFocus' analysis, Canare Electric Co stock appears to be overvalued.
The current stock price of $9.96 is trading 2.7% above its estimated GF Value™ of $9.70.
Key valuation signals for CANRF:
Price-to-Tangible-Book: 0.56
GF Value™: $9.70 vs. price of $9.96 (2.7% above fair value)
Industry Position: 76.8% below the Industrial Products median (#287 of 2895)
No single metric tells the full story. See the CANRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canare Electric Co Ltd develops, manufactures, and sells audio and video cables, connectors, patchbays, assemblies, converters and related products, and fiber-optic products. Its products include video jacks, crimp plugs, coaxial cable strippers, receptacles, and adapters. It serves television broadcasting, and professional audio and video industries.
78GF Score
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Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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