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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.
CF Industries Holdings Price-to-Tangible-Book Related Terms
CF Industries Holdings Price-to-Tangible-Book Historical Data
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The historical data trend for CF Industries Holdings'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.
CF vs MOS, SMG, FMC: Price-to-Tangible-Book Comparison
For the Agricultural Inputs subindustry, CF Industries Holdings'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.
CF Industries Holdings Price-to-Tangible-Book vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, CF Industries Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where CF Industries Holdings'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.
CF Industries Holdings (CF) has a Price-to-Tangible-Book of 7.21 as of Sep. 12, 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 CF Industries Holdings and its competitors. According to the industry distribution chart, CF Industries Holdings ranks #223 out of 241 companies in the Agriculture industry, placing it in the top 92.5%.
Is CF Industries Holdings' Price-to-Tangible-Book too high?
CF Industries Holdings' current Price-to-Tangible-Book is 7.21. The Agriculture industry median Price-to-Tangible-Book is 1.72. CF Industries Holdings' value of 7.21 is 319.2% above this industry median. Based on the distribution chart, CF Industries Holdings ranks #223 out of 241 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, CF Industries Holdings has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CF Industries Holdings' Price-to-Tangible-Book compare to MOS and SMG?
According to the Agriculture industry distribution chart, CF Industries Holdings ranks #223 out of 241 companies for Price-to-Tangible-Book. This places CF Industries Holdings in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.72. CF Industries Holdings' value of 7.21 is 319.2% above 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 Agriculture company?
The median Price-to-Tangible-Book among Agriculture companies is 1.72, based on 241 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. CF Industries Holdings's current Price-to-Tangible-Book of 7.21 is 319.2% above 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 CF Industries Holdings and its competitors. For the Agriculture industry, the median Price-to-Tangible-Book is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CF Industries Holdings's current Price-to-Tangible-Book is 7.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CF Industries Holdings stock overvalued right now?
Based on GuruFocus' analysis, CF Industries Holdings (CF) is currently considered Modestly Overvalued. The stock's GF Value™ is $119.89, compared to a current price of $133.07 — trading 11% above its estimated fair value. The current Price-to-Tangible-Book is 7.21 and 319.2% above the Agriculture industry median of 1.72. CF Industries Holdings' overall GF Score™ is 73/100 with 4 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 CF Industries Holdings (CF), the current Price-to-Tangible-Book is 7.21 as of Sep. 12, 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 CF Industries Holdings (CF) Overvalued in 2026?
Based on GuruFocus' analysis, CF Industries Holdings stock appears to be overvalued.
The current stock price of $133.07 is trading 11% above its estimated GF Value™ of $119.89.
GuruFocus considers CF Industries Holdings to be Modestly Overvalued.
Key valuation signals for CF:
Price-to-Tangible-Book: 7.21
GF Value™: $119.89 vs. price of $133.07 (11% above fair value)
Industry Position: 319.2% above the Agriculture median (#223 of 241)
No single metric tells the full story. See the CF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CF Industries is a leading producer and distributor of nitrogen, which is primarily used in fertilizers. The company operates nitrogen manufacturing plants primarily in North America. CF also produces nitrogen in the United Kingdom and holds a joint venture interest in a nitrogen production facility in Trinidad and Tobago. CF makes nitrogen primarily using low-cost US natural gas as its feedstock, making the company one of the lowest-cost nitrogen producers globally. It is also investing in carbon-free blue and green ammonia, which can be used as an alternative fuel to hydrogen or as a means to transport hydrogen.
73GF Score
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