Snam SpA (LTS:0NQP) Price-to-Tangible-Book : 2.19 (As of May. 01, 2024)

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What is Snam SpA Price-to-Tangible-Book?

As of today (2024-05-01), Snam SpA's share price is €4.317. Snam SpA's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was €1.97. Hence, Snam SpA's Price to Tangible Book Ratio of today is 2.19.

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

LTS:0NQP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.06 Med: 2.75 Max: 11.38
Current: 2.33

During the past 13 years, Snam SpA's highest Price to Tangible Book Ratio was 11.38. The lowest was 2.06. And the median was 2.75.

LTS:0NQP's Price-to-Tangible-Book is ranked worse than
65.32% of 470 companies
in the Utilities - Regulated industry
Industry Median: 1.8 vs LTS:0NQP: 2.33

A closely related ratio is called PB Ratio. As of today, Snam SpA's share price is €4.317. Snam SpA's Book Value per Sharefor the quarter that ended in Sep. 2023 was €2.38. Hence, Snam SpA's P/B Ratio of today is 1.82.

Snam SpA Price-to-Tangible-Book Historical Data

The historical data trend for Snam SpA'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.

Snam SpA Price-to-Tangible-Book Chart

Snam SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.93

2.82

2.88

2.51

2.53

Snam SpA 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															2.51	2.55	2.57	2.28	2.53

Competitive Comparison of Snam SpA's Price-to-Tangible-Book

For the Utilities - Regulated Gas subindustry, Snam SpA'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.

Snam SpA's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Snam SpA's Price-to-Tangible-Book distribution charts can be found below:

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

Snam SpA Price-to-Tangible-Book Calculation

Snam SpA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	4.317	/	1.967
	=	2.19

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.

Snam SpA Price-to-Tangible-Book Related Terms

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

Snam SpA (LTS:0NQP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Snam SpA (LTS:0NQP) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SNMRY:USA SRG:Italy SRGm:UK SNM:Germany SRG:Austria

Address

Piazza Santa Barbara, 7, San Donato Milanese, Milan, ITA, 20097

Website

https://www.snam.it

Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 6.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.

Snam SpA (LTS:0NQP) Headlines

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