Convergenze SpA (MIL:CVG) Price-to-Tangible-Book : 2.68 (As of May. 25, 2024)

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

As of today (2024-05-25), Convergenze SpA's share price is €1.75. Convergenze SpA's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €0.65. Hence, Convergenze SpA's Price to Tangible Book Ratio of today is 2.68.

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

MIL:CVG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.12 Med: 4.64 Max: 4.65
Current: 2.69

During the past 6 years, Convergenze SpA's highest Price to Tangible Book Ratio was 4.65. The lowest was 2.12. And the median was 4.64.

MIL:CVG's Price-to-Tangible-Book is ranked worse than
52.67% of 281 companies
in the Telecommunication Services industry
Industry Median: 2.41 vs MIL:CVG: 2.69

A closely related ratio is called PB Ratio. As of today, Convergenze SpA's share price is €1.75. Convergenze SpA's Book Value per Sharefor the quarter that ended in Dec. 2023 was €0.76. Hence, Convergenze SpA's P/B Ratio of today is 2.32.

Convergenze SpA Price-to-Tangible-Book Historical Data

The historical data trend for Convergenze 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.

Convergenze SpA Price-to-Tangible-Book Chart

Convergenze SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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4.65

4.64

2.12

Convergenze SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial						4.65	3.75	4.64	3.13	2.12

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

For the Telecom Services subindustry, Convergenze 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.

Convergenze SpA's Price-to-Tangible-Book Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Convergenze SpA's Price-to-Tangible-Book distribution charts can be found below:

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

Convergenze SpA Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.75	/	0.652
	=	2.68

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.

Convergenze SpA Price-to-Tangible-Book Related Terms

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

Convergenze SpA (MIL:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Convergenze SpA (MIL:CVG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Magna Graecia 136, Capaccio Paestum, Salerno, ITA, 84047

Website

https://www.convergenze.it

Convergenze SpA is engaged in providing telecommunication services. The company wireless internet services, mobile calling and data services, television subscription services, voice call services, and other related services.