MIT Holdings Co (TSE:4016) Price-to-Tangible-Book : 7.58 (As of Jun. 17, 2024)

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What is MIT Holdings Co Price-to-Tangible-Book?

As of today (2024-06-17), MIT Holdings Co's share price is 円712.00. MIT Holdings Co's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was 円93.95. Hence, MIT Holdings Co's Price to Tangible Book Ratio of today is 7.58.

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

TSE:4016' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.48 Med: 7.11 Max: 13.1
Current: 7.58

During the past 6 years, MIT Holdings Co's highest Price to Tangible Book Ratio was 13.10. The lowest was 3.48. And the median was 7.11.

TSE:4016's Price-to-Tangible-Book is ranked worse than
72.36% of 2084 companies
in the Software industry
Industry Median: 3.49 vs TSE:4016: 7.58

A closely related ratio is called PB Ratio. As of today, MIT Holdings Co's share price is 円712.00. MIT Holdings Co's Book Value per Sharefor the quarter that ended in Feb. 2024 was 円287.00. Hence, MIT Holdings Co's P/B Ratio of today is 2.48.

MIT Holdings Co Price-to-Tangible-Book Historical Data

The historical data trend for MIT Holdings 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.

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MIT Holdings Co Price-to-Tangible-Book Chart

MIT Holdings Co Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Price-to-Tangible-Book

Get a 7-Day Free Trial

13.10

4.51

4.22

8.19

MIT Holdings Co Quarterly Data
	Nov18	Nov19	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Price-to-Tangible-Book	Get a 7-Day Free Trial												12.72	9.33	11.02	8.19	7.41

Competitive Comparison of MIT Holdings Co's Price-to-Tangible-Book

For the Information Technology Services subindustry, MIT Holdings 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.

MIT Holdings Co's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, MIT Holdings Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where MIT Holdings Co's Price-to-Tangible-Book falls into.

MIT Holdings Co Price-to-Tangible-Book Calculation

MIT Holdings Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Feb. 2024 )
	=	712.00	/	93.946
	=	7.58

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.

MIT Holdings Co Price-to-Tangible-Book Related Terms

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

MIT Holdings Co (TSE:4016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MIT Holdings Co Ltd (TSE:4016) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

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Address

2-6-1 Nakase, Chiba Mihama-ku, World Business Garden Marive West 24th Floor, Chiba, JPN, 261-7124

Website

https://www.mit-hd.co.jp

MIT Holdings Co Ltd is engaged in developing an information service business based on IT technology. The company's services include system integration services such as development, operation and maintenance, infrastructure construction; and solution services such as digital books, CAD, face recognition.

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