Watani Iron Steel Co (SAU:9513) Price-to-Tangible-Book : 2.31 (As of Jun. 08, 2024)

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What is Watani Iron Steel Co Price-to-Tangible-Book?

As of today (2024-06-08), Watani Iron Steel Co's share price is ﷼2.75. Watani Iron Steel Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ﷼1.19. Hence, Watani Iron Steel Co's Price to Tangible Book Ratio of today is 2.31.

The historical rank and industry rank for Watani Iron Steel Co's Price-to-Tangible-Book or its related term are showing as below:

SAU:9513' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.22 Med: 2.59 Max: 5.13
Current: 2.31

During the past 4 years, Watani Iron Steel Co's highest Price to Tangible Book Ratio was 5.13. The lowest was 2.22. And the median was 2.59.

SAU:9513's Price-to-Tangible-Book is ranked worse than
77.91% of 602 companies
in the Steel industry
Industry Median: 1.04 vs SAU:9513: 2.31

A closely related ratio is called PB Ratio. As of today, Watani Iron Steel Co's share price is ﷼2.75. Watani Iron Steel Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was ﷼1.34. Hence, Watani Iron Steel Co's P/B Ratio of today is 2.06.

Watani Iron Steel Co Price-to-Tangible-Book Historical Data

The historical data trend for Watani Iron Steel 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.

Watani Iron Steel Co Price-to-Tangible-Book Chart

Watani Iron Steel Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

5.13

2.59

2.22

Watani Iron Steel Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			5.13	3.51	2.59	3.00	2.22

Competitive Comparison of Watani Iron Steel Co's Price-to-Tangible-Book

For the Steel subindustry, Watani Iron Steel 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.

Watani Iron Steel Co's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Watani Iron Steel Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Watani Iron Steel Co's Price-to-Tangible-Book falls into.

Watani Iron Steel Co Price-to-Tangible-Book Calculation

Watani Iron Steel 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 )
	=	2.75	/	1.192
	=	2.31

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.

Watani Iron Steel Co Price-to-Tangible-Book Related Terms

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

Watani Iron Steel Co (SAU:9513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Watani Iron Steel Co (SAU:9513) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Al-Kharj Road, New Industrial City, Heet District, Riyadh, SAU

Website

http://www.wataniasteel.com

Watani Iron Steel Co is an integrated factory producing Rebar Billets. It is engaged in producing quality steel products that are used in the building and construction sector and to support the infrastructure in Saudi Arabia.

Watani Iron Steel Co (SAU:9513) Headlines

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