Next Hydrogen Solutions (TSXV:NXH) Price-to-Tangible-Book : 1.59 (As of Jun. 19, 2024)

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What is Next Hydrogen Solutions Price-to-Tangible-Book?

As of today (2024-06-19), Next Hydrogen Solutions's share price is C$0.60. Next Hydrogen Solutions's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$0.38. Hence, Next Hydrogen Solutions's Price to Tangible Book Ratio of today is 1.59.

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

TSXV:NXH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.02 Med: 1.39 Max: 2.77
Current: 1.58

During the past 4 years, Next Hydrogen Solutions's highest Price to Tangible Book Ratio was 2.77. The lowest was 1.02. And the median was 1.39.

TSXV:NXH's Price-to-Tangible-Book is ranked better than
63.66% of 2823 companies
in the Industrial Products industry
Industry Median: 2.07 vs TSXV:NXH: 1.58

A closely related ratio is called PB Ratio. As of today, Next Hydrogen Solutions's share price is C$0.60. Next Hydrogen Solutions's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$0.41. Hence, Next Hydrogen Solutions's P/B Ratio of today is 1.47.

Next Hydrogen Solutions Price-to-Tangible-Book Historical Data

The historical data trend for Next Hydrogen Solutions'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.

Next Hydrogen Solutions Price-to-Tangible-Book Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Price-to-Tangible-Book

1.20

1.39

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial													1.53	1.18	1.02	1.39	2.01

Competitive Comparison of Next Hydrogen Solutions's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, Next Hydrogen Solutions'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.

Next Hydrogen Solutions's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Next Hydrogen Solutions's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Next Hydrogen Solutions's Price-to-Tangible-Book falls into.

Next Hydrogen Solutions Price-to-Tangible-Book Calculation

Next Hydrogen Solutions's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.60	/	0.378
	=	1.59

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.

Next Hydrogen Solutions Price-to-Tangible-Book Related Terms

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

Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next Hydrogen Solutions Inc (TSXV:NXH) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NXHSF:USA

Address

6610 Edwards Boulevard, Mississauga, ON, CAN, L5T 2V6

Website

https://www.nexthydrogen.com

Next Hydrogen Solutions Inc is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The company generates revenue from customer contracts from the principal sources of product and equipment sales and services as well as aftermarket sales.

Executives

Anthony Robert Guglielmin

Director

Next Hydrogen Solutions (TSXV:NXH) Headlines

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