Nordic Lights Group (OHEL:NORDLIG) Price-to-Tangible-Book : 8.33 (As of Jun. 21, 2024)

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What is Nordic Lights Group Price-to-Tangible-Book?

As of today (2024-06-21), Nordic Lights Group's share price is €6.28. Nordic Lights Group's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was €0.75. Hence, Nordic Lights Group's Price to Tangible Book Ratio of today is 8.33.

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

OHEL:NORDLIG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.8 Med: 6.99 Max: 8.37
Current: 8.37

During the past 4 years, Nordic Lights Group's highest Price to Tangible Book Ratio was 8.37. The lowest was 5.80. And the median was 6.99.

OHEL:NORDLIG's Price-to-Tangible-Book is not ranked
in the Industrial Products industry.
Industry Median: 2.04 vs OHEL:NORDLIG: 8.37

A closely related ratio is called PB Ratio. As of today, Nordic Lights Group's share price is €6.28. Nordic Lights Group's Book Value per Sharefor the quarter that ended in Jun. 2023 was €1.73. Hence, Nordic Lights Group's P/B Ratio of today is 3.64.

Nordic Lights Group Price-to-Tangible-Book Historical Data

The historical data trend for Nordic Lights Group'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.

Nordic Lights Group Price-to-Tangible-Book Chart

Nordic Lights Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

5.80

Nordic Lights Group Quarterly Data
	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	-	5.80	8.17

Competitive Comparison of Nordic Lights Group's Price-to-Tangible-Book

For the Electrical Equipment & Parts subindustry, Nordic Lights Group'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.

Nordic Lights Group's Price-to-Tangible-Book Distribution in the Industrial Products Industry

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

* The bar in red indicates where Nordic Lights Group's Price-to-Tangible-Book falls into.

Nordic Lights Group Price-to-Tangible-Book Calculation

Nordic Lights Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	6.28	/	0.754
	=	8.33

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.

Nordic Lights Group Price-to-Tangible-Book Related Terms

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

Nordic Lights Group (OHEL:NORDLIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Lights Group Corp (OHEL:NORDLIG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bennasvagen/Pannaistentie 155, PO Box 36, Jakobstad, FIN, 68601

Website

https://www.nordiclights.com

Nordic Lights Group Corp is a premium provider of lighting solutions for heavy-duty equipment. Nordic Lights focus on providing solutions to five main end-user segments: mining, construction, forestry, agriculture, and material handling. The company derives a majority of its revenue from Europe, the Middle East, and Africa (EMEA).

Nordic Lights Group (OHEL:NORDLIG) Headlines

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