ErreDue SpA (MIL:RDUE) Price-to-Tangible-Book : 2.00 (As of May. 13, 2024)

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

As of today (2024-05-13), ErreDue SpA's share price is €9.65. ErreDue SpA's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €4.82. Hence, ErreDue SpA's Price to Tangible Book Ratio of today is 2.00.

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

MIL:RDUE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.88 Med: 2.3 Max: 2.72
Current: 2

During the past 5 years, ErreDue SpA's highest Price to Tangible Book Ratio was 2.72. The lowest was 1.88. And the median was 2.30.

MIL:RDUE's Price-to-Tangible-Book is ranked better than
53.27% of 2829 companies
in the Industrial Products industry
Industry Median: 2.11 vs MIL:RDUE: 2.00

A closely related ratio is called PB Ratio. As of today, ErreDue SpA's share price is €9.65. ErreDue SpA's Book Value per Sharefor the quarter that ended in Dec. 2023 was €4.95. Hence, ErreDue SpA's P/B Ratio of today is 1.95.

ErreDue SpA Price-to-Tangible-Book Historical Data

The historical data trend for ErreDue 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.

ErreDue SpA Price-to-Tangible-Book Chart

ErreDue SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.72

1.88

ErreDue SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	2.72	2.10	1.88

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

For the Specialty Industrial Machinery subindustry, ErreDue 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.

ErreDue SpA's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ErreDue SpA's Price-to-Tangible-Book distribution charts can be found below:

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

ErreDue SpA Price-to-Tangible-Book Calculation

ErreDue 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 )
	=	9.65	/	4.822
	=	2.00

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.

ErreDue SpA Price-to-Tangible-Book Related Terms

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

ErreDue SpA (MIL:RDUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ErreDue SpA (MIL:RDUE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via G. Gozzano, 3, Livorno, ITA, 57121

Website

https://www.erreduegas.it

ErreDue SpA designs manufacture and markets solutions for the on-site production, blending, and purification of technical gases (hydrogen produced by electrolysis of water, nitrogen, and oxygen) intended for use in small, medium, and large industrial sites, laboratories, medical applications, applications related to the energy transition. Its range of products comprises High purity Hydrogen generators, High purity Nitrogen generators, Oxygen generators, and Purification systems for Nitrogen, Hydrogen, Oxygen, and complex gas mixtures.

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