Nikola (MEX:NKLA) Price-to-Tangible-Book : 0.28 (As of Dec. 12, 2024)

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What is Nikola Price-to-Tangible-Book?

As of today (2024-12-12), Nikola's share price is MXN32.50. Nikola's Tangible Book per Share of Sep. 2024 for the quarter that ended in Sep. 2024 was MXN116.51. Hence, Nikola's Price to Tangible Book Ratio of today is 0.28.

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

MEX:NKLA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.27 Med: 3.79 Max: 29.95
Current: 0.28

During the past 6 years, Nikola's highest Price to Tangible Book Ratio was 29.95. The lowest was 0.27. And the median was 3.79.

MEX:NKLA's Price-to-Tangible-Book is ranked better than
98.98% of 196 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.94 vs MEX:NKLA: 0.28

A closely related ratio is called PB Ratio. As of today, Nikola's share price is MXN32.50. Nikola's Book Value per Sharefor the quarter that ended in Sep. 2024 was MXN135.08. Hence, Nikola's P/B Ratio of today is 0.24.

Nikola Price-to-Tangible-Book Historical Data

The historical data trend for Nikola'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.

Nikola Price-to-Tangible-Book Chart

Nikola Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

6.91

2.59

1.87

Nikola Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.05	1.87	2.43	0.90	0.77

Competitive Comparison of Nikola's Price-to-Tangible-Book

For the Farm & Heavy Construction Machinery subindustry, Nikola'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.

Nikola's Price-to-Tangible-Book Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikola's Price-to-Tangible-Book distribution charts can be found below:

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

Nikola Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2024 )
	=	32.50	/	116.509
	=	0.28

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.

Nikola Price-to-Tangible-Book Related Terms

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

Nikola Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (MEX:NKLA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NKLA:USA 1NKLA:Italy 0A3R:UK 8NI0:Germany NKL2:Austria

Address

4141 East Broadway Road, Phoenix, AZ, USA, 85040

Website

https://www.nikolamotor.com

Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit and Energy business unit. The Truck business unit is engaged manufacturing and selling FCEV and BEV trucks that provide, environmentally friendly, cost effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet hydrogen fuel demand for the Company's customers.