Baltic Trading (FRA:L8B) Price-to-Tangible-Book : 0.29 (As of May. 15, 2024)

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What is Baltic Trading Price-to-Tangible-Book?

As of today (2024-05-15), Baltic Trading's share price is €1.47. Baltic Trading's Tangible Book per Share of Mar. 2015 for the quarter that ended in Mar. 2015 was €5.10. Hence, Baltic Trading's Price to Tangible Book Ratio of today is 0.29.

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

FRA:L8B's Price-to-Tangible-Book is not ranked ^*
in the Transportation industry.
Industry Median: 1.43
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Baltic Trading's share price is €1.47. Baltic Trading's Book Value per Sharefor the quarter that ended in Mar. 2015 was €5.10. Hence, Baltic Trading's P/B Ratio of today is 0.29.

Baltic Trading Price-to-Tangible-Book Historical Data

The historical data trend for Baltic Trading'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.

Baltic Trading Price-to-Tangible-Book Chart

Baltic Trading Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Price-to-Tangible-Book

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0.39

0.25

0.78

Baltic Trading Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.97	0.89	0.70	0.39	-

Competitive Comparison of Baltic Trading's Price-to-Tangible-Book

For the Marine Shipping subindustry, Baltic Trading'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.

Baltic Trading's Price-to-Tangible-Book Distribution in the Transportation Industry

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

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

Baltic Trading Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2015 )
	=	1.47	/	5.097
	=	0.29

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.

Baltic Trading Price-to-Tangible-Book Related Terms

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

Baltic Trading (FRA:L8B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Baltic Trading Ltd (FRA:L8B) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.baltictrading.com

Baltic Trading Ltd is a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct shipping business focused on the drybulk industry spot market. The Company's fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons. Its fleet contains five groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. It plans to operate all of its vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. Its customers include national, regional and international companies, including Cargill International S.A. ('Cargill'), Klaveness Chartering ('Klaveness'), Resource Marine PTE Ltd. (part of the Macquarie group of Companies) ('Resource Marine'), and Swissmarine Services S.A. ('Swissmarine'). The Company competes with other owners of drybulk carriers in the Capesize, Supramax and Handysize class sectors, some of whom may also charter its vessels as customers. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are atregistered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous merials, and the remediation of contamination and liability for damage to natural resources.

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