Okeanis Eco Tankers (Okeanis Eco Tankers) Price-to-Tangible-Book : 2.51 (As of May. 04, 2024)

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What is Okeanis Eco Tankers Price-to-Tangible-Book?

As of today (2024-05-04), Okeanis Eco Tankers's share price is $31.88. Okeanis Eco Tankers's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $12.68. Hence, Okeanis Eco Tankers's Price to Tangible Book Ratio of today is 2.51.

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

ECO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.51 Med: 0.95 Max: 2.61
Current: 2.59

During the past 6 years, Okeanis Eco Tankers's highest Price to Tangible Book Ratio was 2.61. The lowest was 0.51. And the median was 0.95.

ECO's Price-to-Tangible-Book is ranked worse than
72.06% of 877 companies
in the Transportation industry
Industry Median: 1.41 vs ECO: 2.59

A closely related ratio is called PB Ratio. As of today, Okeanis Eco Tankers's share price is $31.88. Okeanis Eco Tankers's Book Value per Sharefor the quarter that ended in Dec. 2023 was $12.68. Hence, Okeanis Eco Tankers's P/B Ratio of today is 2.51.

Okeanis Eco Tankers Price-to-Tangible-Book Historical Data

The historical data trend for Okeanis Eco Tankers'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.

Okeanis Eco Tankers Price-to-Tangible-Book Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.50

0.73

0.92

2.11

Okeanis Eco Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.92	1.69	1.64	2.05	2.11

Competitive Comparison of Okeanis Eco Tankers's Price-to-Tangible-Book

For the Marine Shipping subindustry, Okeanis Eco Tankers'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.

Okeanis Eco Tankers's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Okeanis Eco Tankers's Price-to-Tangible-Book distribution charts can be found below:

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

Okeanis Eco Tankers Price-to-Tangible-Book Calculation

Okeanis Eco Tankers's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	31.88	/	12.677
	=	2.51

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.

Okeanis Eco Tankers Price-to-Tangible-Book Related Terms

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

Okeanis Eco Tankers (Okeanis Eco Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.