Hi-Tech Pipes (NSE:HITECH) Price-to-Tangible-Book : 3.26 (As of May. 28, 2024)

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What is Hi-Tech Pipes Price-to-Tangible-Book?

As of today (2024-05-28), Hi-Tech Pipes's share price is ₹125.10. Hi-Tech Pipes's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ₹38.42. Hence, Hi-Tech Pipes's Price to Tangible Book Ratio of today is 3.26.

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

NSE:HITECH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.45 Med: 2.17 Max: 3.64
Current: 3.26

During the past 10 years, Hi-Tech Pipes's highest Price to Tangible Book Ratio was 3.64. The lowest was 0.45. And the median was 2.17.

NSE:HITECH's Price-to-Tangible-Book is ranked worse than
86.38% of 602 companies
in the Steel industry
Industry Median: 1.045 vs NSE:HITECH: 3.26

A closely related ratio is called PB Ratio. As of today, Hi-Tech Pipes's share price is ₹125.10. Hi-Tech Pipes's Book Value per Sharefor the quarter that ended in Mar. 2024 was ₹38.45. Hence, Hi-Tech Pipes's P/B Ratio of today is 3.25.

Hi-Tech Pipes Price-to-Tangible-Book Historical Data

The historical data trend for Hi-Tech Pipes'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.

Hi-Tech Pipes Price-to-Tangible-Book Chart

Hi-Tech Pipes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

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0.45

2.17

2.39

2.44

3.64

Hi-Tech Pipes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.44	-	2.38	-	3.64

Competitive Comparison of Hi-Tech Pipes's Price-to-Tangible-Book

For the Steel subindustry, Hi-Tech Pipes'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.

Hi-Tech Pipes's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hi-Tech Pipes's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Hi-Tech Pipes's Price-to-Tangible-Book falls into.

Hi-Tech Pipes Price-to-Tangible-Book Calculation

Hi-Tech Pipes's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	125.10	/	38.419
	=	3.26

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.

Hi-Tech Pipes Price-to-Tangible-Book Related Terms

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

Hi-Tech Pipes (NSE:HITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hi-Tech Pipes Ltd (NSE:HITECH) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

543411:India

Address

505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website

https://www.hitechpipes.in

Hi-Tech Pipes Ltd is engaged in the manufacturing and marketing of a wide range of steel tubes. Its products are used in different industries like Infrastructure including telecom, defense, power distribution, railways, airports, Construction, Agriculture, and others. The company's product includes Black Steel Tubes; Rectangular and Hollow sections; Galvanised Steel Tubes; Metal Beam Highway Crash Barrier; Cold Rolling Coils and Cold Formed Sections.

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