SIT SpA (MIL:SIT) Price-to-Tangible-Book : 2.09 (As of Jun. 09, 2024)

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

As of today (2024-06-09), SIT SpA's share price is €1.84. SIT SpA's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €0.88. Hence, SIT SpA's Price to Tangible Book Ratio of today is 2.09.

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

MIL:SIT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.09 Med: 11.91 Max: 63.61
Current: 2.09

During the past 7 years, SIT SpA's highest Price to Tangible Book Ratio was 63.61. The lowest was 2.09. And the median was 11.91.

MIL:SIT's Price-to-Tangible-Book is ranked worse than
51.38% of 2818 companies
in the Industrial Products industry
Industry Median: 2.025 vs MIL:SIT: 2.09

A closely related ratio is called PB Ratio. As of today, SIT SpA's share price is €1.84. SIT SpA's Book Value per Sharefor the quarter that ended in Dec. 2023 was €5.89. Hence, SIT SpA's P/B Ratio of today is 0.31.

SIT SpA Price-to-Tangible-Book Historical Data

The historical data trend for SIT 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.

SIT SpA Price-to-Tangible-Book Chart

SIT SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

17.11

63.61

6.70

3.86

SIT SpA Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial										63.61	8.78	6.70	3.54	3.86

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

For the Specialty Industrial Machinery subindustry, SIT 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.

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

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

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

SIT SpA Price-to-Tangible-Book Calculation

SIT 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 )
	=	1.84	/	0.88
	=	2.09

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.

SIT SpA Price-to-Tangible-Book Related Terms

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

SIT SpA (MIL:SIT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale A. Volta, 2, Cusago, Milan, ITA, 20090

Website

http://www.sitspa.it

SIT SpA is engaged in the manufacture of industrial products. The company products include timing belt drives, polyurethane belt drives, V-belt drives, POLY-V belt drives, flat belt drives, chain drives, couplings, locking devices, bearing units and rod ends, antivibration mounts, and electronic equipment, motor bases, tensioners, and TEN-SIT. The company exports its products to Spain, France, Germany, Switzerland, the USA, and China.

SIT SpA (MIL:SIT) Headlines

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