Akasaka Diesels (TSE:6022) Price-to-Tangible-Book : 0.34 (As of Jun. 23, 2024)

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What is Akasaka Diesels Price-to-Tangible-Book?

As of today (2024-06-23), Akasaka Diesels's share price is 円2122.00. Akasaka Diesels's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円6,216.93. Hence, Akasaka Diesels's Price to Tangible Book Ratio of today is 0.34.

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

TSE:6022' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.23 Med: 0.29 Max: 0.42
Current: 0.34

During the past 13 years, Akasaka Diesels's highest Price to Tangible Book Ratio was 0.42. The lowest was 0.23. And the median was 0.29.

TSE:6022's Price-to-Tangible-Book is ranked better than
98.46% of 260 companies
in the Aerospace & Defense industry
Industry Median: 3.03 vs TSE:6022: 0.34

A closely related ratio is called PB Ratio. As of today, Akasaka Diesels's share price is 円2122.00. Akasaka Diesels's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円6,290.64. Hence, Akasaka Diesels's P/B Ratio of today is 0.34.

Akasaka Diesels Price-to-Tangible-Book Historical Data

The historical data trend for Akasaka Diesels'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.

Akasaka Diesels Price-to-Tangible-Book Chart

Akasaka Diesels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.36

0.24

0.27

0.26

0.24

Akasaka Diesels 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															0.25	0.24	0.31	0.35	0.32

Competitive Comparison of Akasaka Diesels's Price-to-Tangible-Book

For the Aerospace & Defense subindustry, Akasaka Diesels'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.

Akasaka Diesels's Price-to-Tangible-Book Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Akasaka Diesels's Price-to-Tangible-Book distribution charts can be found below:

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

Akasaka Diesels Price-to-Tangible-Book Calculation

Akasaka Diesels's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2122.00	/	6216.934
	=	0.34

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.

Akasaka Diesels Price-to-Tangible-Book Related Terms

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

Akasaka Diesels (TSE:6022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Akasaka Diesels Ltd (TSE:6022) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

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Address

Yurakucho 1 - chome, Yurakucho Electric Building, 14th Floor, South Building, Chiyoda-ku, Tokyo, JPN, 100-0006

Website

http://www.akasaka-diesel.jp

Akasaka Diesels Ltd is a Japan-based machinery manufacturing company. It is mainly engaged in the design, manufacture, and sale of the marine diesel engine and other machinery and equipment. It offers marine and industrial machinery products including 4stroke engine, 2stroke engine, remote controller, institution monitoring equipment, vibration, and noise reduction technology, and air motor. The company is also engaged in selling and leasing of marine equipment, oceanographic instruments, environmental pollution control equipment, satellite utilization measuring equipment, astronomical observation equipment, castings, forged steel products, movable property, and real estate.

Akasaka Diesels (TSE:6022) Headlines

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