Norcod AS (FRA:NO9) Price-to-Tangible-Book : 1.15 (As of May. 28, 2024)

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What is Norcod AS Price-to-Tangible-Book?

As of today (2024-05-28), Norcod AS's share price is €1.07. Norcod AS's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was €0.93. Hence, Norcod AS's Price to Tangible Book Ratio of today is 1.15.

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

FRA:NO9' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.17 Med: 5.65 Max: 6.59
Current: 1.18

During the past 5 years, Norcod AS's highest Price to Tangible Book Ratio was 6.59. The lowest was 1.17. And the median was 5.65.

FRA:NO9's Price-to-Tangible-Book is ranked better than
65.36% of 1715 companies
in the Consumer Packaged Goods industry
Industry Median: 1.72 vs FRA:NO9: 1.18

A closely related ratio is called PB Ratio. As of today, Norcod AS's share price is €1.07. Norcod AS's Book Value per Sharefor the quarter that ended in Sep. 2023 was €0.98. Hence, Norcod AS's P/B Ratio of today is 1.09.

Norcod AS Price-to-Tangible-Book Historical Data

The historical data trend for Norcod AS'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.

Norcod AS Price-to-Tangible-Book Chart

Norcod AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

6.19

6.36

Norcod AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial												3.17	6.36	5.93	3.02	2.56

Competitive Comparison of Norcod AS's Price-to-Tangible-Book

For the Farm Products subindustry, Norcod AS'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.

Norcod AS's Price-to-Tangible-Book Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Norcod AS's Price-to-Tangible-Book distribution charts can be found below:

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

Norcod AS Price-to-Tangible-Book Calculation

Norcod AS's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	1.07	/	0.931
	=	1.15

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.

Norcod AS Price-to-Tangible-Book Related Terms

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

Norcod AS (FRA:NO9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Norcod AS (FRA:NO9) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NCOD:Norway

Address

Thomas Angells Gate 22, Trondheim, NOR, 7011

Website

https://www.norcod.no

Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers worldwide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company's operating revenue is derived mainly from the sale of cod.

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