Tan Delta Systems (LSE:TAND) Price-to-Tangible-Book : 2.04 (As of May. 28, 2024)

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What is Tan Delta Systems Price-to-Tangible-Book?

As of today (2024-05-28), Tan Delta Systems's share price is £0.1325. Tan Delta Systems's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £0.07. Hence, Tan Delta Systems's Price to Tangible Book Ratio of today is 2.04.

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

LSE:TAND' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.89 Med: 3.54 Max: 3.54
Current: 1.89

During the past 4 years, Tan Delta Systems's highest Price to Tangible Book Ratio was 3.54. The lowest was 1.89. And the median was 3.54.

LSE:TAND's Price-to-Tangible-Book is ranked worse than
65.23% of 926 companies
in the Oil & Gas industry
Industry Median: 1.335 vs LSE:TAND: 1.89

A closely related ratio is called PB Ratio. As of today, Tan Delta Systems's share price is £0.1325. Tan Delta Systems's Book Value per Sharefor the quarter that ended in Dec. 2023 was £0.07. Hence, Tan Delta Systems's P/B Ratio of today is 1.98.

Tan Delta Systems Price-to-Tangible-Book Historical Data

The historical data trend for Tan Delta Systems'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.

Tan Delta Systems Price-to-Tangible-Book Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

3.54

Tan Delta Systems Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	-	-	3.54

Competitive Comparison of Tan Delta Systems's Price-to-Tangible-Book

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems'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.

Tan Delta Systems's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Tan Delta Systems's Price-to-Tangible-Book falls into.

Tan Delta Systems Price-to-Tangible-Book Calculation

Tan Delta Systems's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.1325	/	0.065
	=	2.04

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.

Tan Delta Systems Price-to-Tangible-Book Related Terms

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

Tan Delta Systems (LSE:TAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (LSE:TAND) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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