Drone Destination (NSE:DRONE) Price-to-Tangible-Book : 51.20 (As of Jun. 20, 2024)

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What is Drone Destination Price-to-Tangible-Book?

As of today (2024-06-20), Drone Destination's share price is ₹368.50. Drone Destination's Tangible Book per Share of Mar. 2023 for the quarter that ended in Mar. 2023 was ₹7.20. Hence, Drone Destination's Price to Tangible Book Ratio of today is 51.20.

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

NSE:DRONE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0 Med: 0 Max: 52.78
Current: 51.18

During the past 3 years, Drone Destination's highest Price to Tangible Book Ratio was 52.78. The lowest was 0.00. And the median was 0.00.

NSE:DRONE's Price-to-Tangible-Book is ranked worse than
97.25% of 218 companies
in the Education industry
Industry Median: 1.855 vs NSE:DRONE: 51.18

A closely related ratio is called PB Ratio. As of today, Drone Destination's share price is ₹368.50. Drone Destination's Book Value per Sharefor the quarter that ended in Mar. 2023 was ₹7.23. Hence, Drone Destination's P/B Ratio of today is 50.95.

Drone Destination Price-to-Tangible-Book Historical Data

The historical data trend for Drone Destination'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.

Drone Destination Price-to-Tangible-Book Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Price-to-Tangible-Book	-	-	-

Competitive Comparison of Drone Destination's Price-to-Tangible-Book

For the Education & Training Services subindustry, Drone Destination'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.

Drone Destination's Price-to-Tangible-Book Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Drone Destination's Price-to-Tangible-Book distribution charts can be found below:

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

Drone Destination Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2023 )
	=	368.50	/	7.197
	=	51.20

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.

Drone Destination Price-to-Tangible-Book Related Terms

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

Drone Destination (NSE:DRONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-13, Ground Floor, Panchsheel Enclave, Delhi, IND, 110017

Website

https://www.thedronedestination.com

Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates the largest network of DGCA-certified Drone Pilot Training Programs. Drone Destination currently operates nine Drone Hubs at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai and IFFCO Phulpur.

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