Tan De Tech Co (ROCO:6867) Price-to-Tangible-Book : 1.92 (As of Jun. 22, 2024)

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What is Tan De Tech Co Price-to-Tangible-Book?

As of today (2024-06-22), Tan De Tech Co's share price is NT$27.20. Tan De Tech Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was NT$14.20. Hence, Tan De Tech Co's Price to Tangible Book Ratio of today is 1.92.

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

ROCO:6867' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.92 Med: 2.57 Max: 2.89
Current: 1.92

During the past 5 years, Tan De Tech Co's highest Price to Tangible Book Ratio was 2.89. The lowest was 1.92. And the median was 2.57.

ROCO:6867's Price-to-Tangible-Book is ranked worse than
58.41% of 1207 companies
in the Vehicles & Parts industry
Industry Median: 1.6 vs ROCO:6867: 1.92

A closely related ratio is called PB Ratio. As of today, Tan De Tech Co's share price is NT$27.20. Tan De Tech Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was NT$14.94. Hence, Tan De Tech Co's P/B Ratio of today is 1.82.

Tan De Tech Co Price-to-Tangible-Book Historical Data

The historical data trend for Tan De Tech Co'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.

Tan De Tech Co Price-to-Tangible-Book Chart

Tan De Tech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.89

2.24

Tan De Tech Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	3.37	2.89	2.98	2.24

Competitive Comparison of Tan De Tech Co's Price-to-Tangible-Book

For the Auto Parts subindustry, Tan De Tech Co'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.

Tan De Tech Co's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tan De Tech Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Tan De Tech Co's Price-to-Tangible-Book falls into.

Tan De Tech Co Price-to-Tangible-Book Calculation

Tan De Tech Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	27.20	/	14.198
	=	1.92

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.

Tan De Tech Co Price-to-Tangible-Book Related Terms

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

Tan De Tech Co (ROCO:6867) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tan De Tech Co Ltd (ROCO:6867) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Dougong 9th Road, Yunlin County, Douliu City, TWN, 64069

Website

http://www.tdtech.com.tw

Tan De Tech Co Ltd designs and manufactures vehicle parts. The firm produces car light guide plates, automotive LED headlights, light guide modules, LMT light distribution instruments, Side entry light guide, and signal lamp module.

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