As of today (2024-12-15), NEXTracker's share price is $35.47. NEXTracker's Tangible Book per Share of Sep. 2024 for the quarter that ended in Sep. 2024 was $5.89. Hence, NEXTracker's Price to Tangible Book Ratio of today is 6.02.
The historical rank and industry rank for NEXTracker's Price-to-Tangible-Book or its related term are showing as below:
NXT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.02 Med: 9 Max: 11.41
Current: 6.02
During the past 5 years, NEXTracker's highest Price to Tangible Book Ratio was 11.41. The lowest was 6.02. And the median was 9.00.
NXT's Price-to-Tangible-Book is ranked worse than 80.8% of 953
companies
in the Semiconductors industry
Industry Median: 2.44
vs NXT: 6.02
The historical data trend for NEXTracker'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.
Competitive Comparison of NEXTracker's Price-to-Tangible-Book
For the Solar subindustry, NEXTracker'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.
NEXTracker's Price-to-Tangible-Book Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, NEXTracker's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where NEXTracker's Price-to-Tangible-Book falls into.
NEXTracker Price-to-Tangible-Book Calculation
NEXTracker's price-to-tangible-book ratio for today is calculated as:
* 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.
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.
NEXTracker Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of NEXTracker's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
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