Nisshin Oillio Group (TSE:2602) Price-to-Tangible-Book : 0.89 (As of Jun. 08, 2024)

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What is Nisshin Oillio Group Price-to-Tangible-Book?

As of today (2024-06-08), Nisshin Oillio Group's share price is 円4955.00. Nisshin Oillio Group's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was 円5,552.11. Hence, Nisshin Oillio Group's Price to Tangible Book Ratio of today is 0.89.

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

TSE:2602' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.6 Med: 0.75 Max: 0.93
Current: 0.89

During the past 13 years, Nisshin Oillio Group's highest Price to Tangible Book Ratio was 0.93. The lowest was 0.60. And the median was 0.75.

TSE:2602's Price-to-Tangible-Book is ranked better than
73.43% of 1709 companies
in the Consumer Packaged Goods industry
Industry Median: 1.68 vs TSE:2602: 0.89

A closely related ratio is called PB Ratio. As of today, Nisshin Oillio Group's share price is 円4955.00. Nisshin Oillio Group's Book Value per Sharefor the quarter that ended in Mar. 2024 was 円5,634.36. Hence, Nisshin Oillio Group's P/B Ratio of today is 0.88.

Nisshin Oillio Group Price-to-Tangible-Book Historical Data

The historical data trend for Nisshin Oillio 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.

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Nisshin Oillio Group Price-to-Tangible-Book Chart

Nisshin Oillio Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.89

0.74

0.60

0.66

0.93

Nisshin Oillio Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.66	0.66	0.79	0.81	0.93

Competitive Comparison of Nisshin Oillio Group's Price-to-Tangible-Book

For the Packaged Foods subindustry, Nisshin Oillio 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.

Nisshin Oillio Group's Price-to-Tangible-Book Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nisshin Oillio Group's Price-to-Tangible-Book distribution charts can be found below:

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

Nisshin Oillio Group Price-to-Tangible-Book Calculation

Nisshin Oillio Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	4955.00	/	5552.107
	=	0.89

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.

Nisshin Oillio Group Price-to-Tangible-Book Related Terms

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Nisshin Oillio Group (TSE:2602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nisshin Oillio Group Ltd (TSE:2602) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-23-1, Shinkawa, Chuo-ku, Tokyo, JPN, 104-8285

Website

http://www.nisshin-oillio.com

Nisshin Oillio Group Ltd is a Japanese company engaged in the manufacture of oil products. The company operates five reporting segments. The oils and meals business produces edible oils for household, commercial use, and food processing. The processed oils and fats business manufactures processed oil and fat products. The healthy foods business supplies dressings and healthcare products. The fine chemicals business provides raw materials for cosmetics, food ingredients, and chemical products. Finally the soy foods and materials business produces soy food ingredients and soy protein. The oils and meals business accounts for more than half of group revenue.

Nisshin Oillio Group (TSE:2602) Headlines

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