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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.
Martin Marietta Materials Price-to-Tangible-Book Related Terms
Martin Marietta Materials Price-to-Tangible-Book Historical Data
* 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.
Martin Marietta Materials Price-to-Tangible-Book Chart
MLM vs VMC, JHX, CRH: Price-to-Tangible-Book Comparison
For the Building Materials subindustry, Martin Marietta Materials'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.
Martin Marietta Materials Price-to-Tangible-Book vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Martin Marietta Materials's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Martin Marietta Materials's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Martin Marietta Materials (MLM) has a Price-to-Tangible-Book of 4.32 as of Sep. 01, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Martin Marietta Materials and its competitors. According to the industry distribution chart, Martin Marietta Materials ranks #334 out of 393 companies in the Building Materials industry, placing it in the top 85%.
Is Martin Marietta Materials' Price-to-Tangible-Book too high?
Martin Marietta Materials' current Price-to-Tangible-Book is 4.32. The Building Materials industry median Price-to-Tangible-Book is 1.30. Martin Marietta Materials' value of 4.32 is 232.3% above this industry median. Based on the distribution chart, Martin Marietta Materials ranks #334 out of 393 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Martin Marietta Materials has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Martin Marietta Materials' Price-to-Tangible-Book compare to VMC and JHX?
According to the Building Materials industry distribution chart, Martin Marietta Materials ranks #334 out of 393 companies for Price-to-Tangible-Book. This places Martin Marietta Materials in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.30. Martin Marietta Materials' value of 4.32 is 232.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Building Materials company?
The median Price-to-Tangible-Book among Building Materials companies is 1.30, based on 393 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Martin Marietta Materials's current Price-to-Tangible-Book of 4.32 is 232.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Martin Marietta Materials and its competitors. For the Building Materials industry, the median Price-to-Tangible-Book is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Martin Marietta Materials's current Price-to-Tangible-Book is 4.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Martin Marietta Materials stock overvalued right now?
Based on GuruFocus' analysis, Martin Marietta Materials (MLM) is currently considered Modestly Undervalued. The stock's GF Value™ is $671.07, compared to a current price of $504.92 — trading 24.8% below its estimated fair value. The current Price-to-Tangible-Book is 4.32 and 232.3% above the Building Materials industry median of 1.30. Martin Marietta Materials' overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Martin Marietta Materials (MLM), the current Price-to-Tangible-Book is 4.32 as of Sep. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Martin Marietta Materials (MLM) Overvalued in 2026?
Based on GuruFocus' analysis, Martin Marietta Materials stock appears to be undervalued.
The current stock price of $504.92 is trading 24.8% below its estimated GF Value™ of $671.07.
GuruFocus considers Martin Marietta Materials to be Modestly Undervalued.
Key valuation signals for MLM:
Price-to-Tangible-Book: 4.32
GF Value™: $671.07 vs. price of $504.92 (24.8% below fair value)
Industry Position: 232.3% above the Building Materials median (#334 of 393)
No single metric tells the full story. See the MLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2024, Martin Marietta sold 191 million tons of aggregates. Martin Marietta's most important markets include Texas, North Carolina, Colorado, California, and Georgia, accounting for most of its sales. The company also uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.
90GF Score
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