JFE Holdings (TSE:5411) Price-to-Tangible-Book : 0.65 (As of Apr. 30, 2024)

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What is JFE Holdings Price-to-Tangible-Book?

As of today (2024-04-30), JFE Holdings's share price is 円2336.50. JFE Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円3,584.91. Hence, JFE Holdings's Price to Tangible Book Ratio of today is 0.65.

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

TSE:5411' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.26 Med: 0.55 Max: 0.88
Current: 0.65

During the past 13 years, JFE Holdings's highest Price to Tangible Book Ratio was 0.88. The lowest was 0.26. And the median was 0.55.

TSE:5411's Price-to-Tangible-Book is ranked better than
72.09% of 602 companies
in the Steel industry
Industry Median: 1.05 vs TSE:5411: 0.65

A closely related ratio is called PB Ratio. As of today, JFE Holdings's share price is 円2336.50. JFE Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円3,824.43. Hence, JFE Holdings's P/B Ratio of today is 0.61.

JFE Holdings Price-to-Tangible-Book Historical Data

The historical data trend for JFE Holdings'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.

JFE Holdings Price-to-Tangible-Book Chart

JFE Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.59

0.26

0.50

0.53

0.49

JFE Holdings 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															0.45	0.49	0.58	0.59	0.61

Competitive Comparison of JFE Holdings's Price-to-Tangible-Book

For the Steel subindustry, JFE Holdings'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.

JFE Holdings's Price-to-Tangible-Book Distribution in the Steel Industry

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

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

JFE Holdings Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2336.50	/	3584.906
	=	0.65

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.

JFE Holdings Price-to-Tangible-Book Related Terms

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

JFE Holdings (TSE:5411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » JFE Holdings Inc (TSE:5411) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

JFEEF:USA JFR:Germany

Address

2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.jfe-holdings.co.jp

JFE Holdings Inc is a Japan-based company operating through three subsidiaries, namely JFE Steel, JFE Engineering and JFE Shoji. JFE Steel produces and sells a wide range of steel products and raw materials, and also operates peripheral businesses such as transporting, maintenance and construction of equipment. JFE Engineering provides engineering services for energy, urban environment, recycle, steel construction and industrial machines and systems. JFE Shoji purchases, processes and sells steel products, raw materials for steel production, nonferrous metal products, food, etc. Steel manufacturing and trading account for majority of JFE's revenue. The company generates most of its sales from the Japanese market.

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