Toromont Industries (Toromont Industries) Price-to-Tangible-Book : 4.68 (As of Apr. 30, 2024)

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What is Toromont Industries Price-to-Tangible-Book?

As of today (2024-04-30), Toromont Industries's share price is $93.74. Toromont Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $20.05. Hence, Toromont Industries's Price to Tangible Book Ratio of today is 4.68.

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

TMTNF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.29 Med: 4.79 Max: 7.05
Current: 4.76

During the past 13 years, Toromont Industries's highest Price to Tangible Book Ratio was 7.05. The lowest was 3.29. And the median was 4.79.

TMTNF's Price-to-Tangible-Book is ranked worse than
76.47% of 136 companies
in the Industrial Distribution industry
Industry Median: 1.305 vs TMTNF: 4.76

A closely related ratio is called PB Ratio. As of today, Toromont Industries's share price is $93.74. Toromont Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was $24.31. Hence, Toromont Industries's P/B Ratio of today is 3.86.

Toromont Industries Price-to-Tangible-Book Historical Data

The historical data trend for Toromont Industries'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.

Toromont Industries Price-to-Tangible-Book Chart

Toromont Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

5.56

6.08

6.45

4.31

4.30

Toromont Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															4.31	4.70	4.33	4.23	4.30

Competitive Comparison of Toromont Industries's Price-to-Tangible-Book

For the Industrial Distribution subindustry, Toromont Industries'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.

Toromont Industries's Price-to-Tangible-Book Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Toromont Industries's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Toromont Industries's Price-to-Tangible-Book falls into.

Toromont Industries Price-to-Tangible-Book Calculation

Toromont Industries's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	93.74	/	20.05
	=	4.68

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.

Toromont Industries Price-to-Tangible-Book Related Terms

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

Toromont Industries (Toromont Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Toromont Industries Ltd (OTCPK:TMTNF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

14T:Germany TIH:Canada

Address

3131 Highway 7 West, P.O. Box 5511, Concord, ON, CAN, L4K 1B7

Website

https://www.toromont.com

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America.