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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.
Arteche Lantegi Elekartea Price-to-Tangible-Book Related Terms
Arteche Lantegi Elekartea Price-to-Tangible-Book Historical Data
* 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.
XMAD:ART vs APH, GLW, TEL: Price-to-Tangible-Book Comparison
For the Electronic Components subindustry, Arteche Lantegi Elekartea'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.
Arteche Lantegi Elekartea Price-to-Tangible-Book vs Hardware Industry
For the Hardware industry and Technology sector, Arteche Lantegi Elekartea's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Arteche Lantegi Elekartea's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Arteche Lantegi Elekartea (XMAD:ART) has a Price-to-Tangible-Book of 24.83 as of Aug. 26, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Arteche Lantegi Elekartea and its competitors. According to the industry distribution chart, Arteche Lantegi Elekartea ranks #2242 out of 2317 companies in the Hardware industry, placing it in the top 96.8%.
Is Arteche Lantegi Elekartea's Price-to-Tangible-Book too high?
Arteche Lantegi Elekartea's current Price-to-Tangible-Book is 24.83. The Hardware industry median Price-to-Tangible-Book is 2.49. Arteche Lantegi Elekartea's value of 24.83 is 897.2% above this industry median. Based on the distribution chart, Arteche Lantegi Elekartea ranks #2242 out of 2317 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Arteche Lantegi Elekartea has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arteche Lantegi Elekartea's Price-to-Tangible-Book compare to APH and GLW?
According to the Hardware industry distribution chart, Arteche Lantegi Elekartea ranks #2242 out of 2317 companies for Price-to-Tangible-Book. This places Arteche Lantegi Elekartea in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.49. Arteche Lantegi Elekartea's value of 24.83 is 897.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Hardware company?
The median Price-to-Tangible-Book among Hardware companies is 2.49, based on 2,317 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arteche Lantegi Elekartea's current Price-to-Tangible-Book of 24.83 is 897.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Arteche Lantegi Elekartea and its competitors. For the Hardware industry, the median Price-to-Tangible-Book is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arteche Lantegi Elekartea's current Price-to-Tangible-Book is 24.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arteche Lantegi Elekartea stock overvalued right now?
Based on GuruFocus' analysis, Arteche Lantegi Elekartea (XMAD:ART) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.81, compared to a current price of €29.00 — trading 271.3% above its estimated fair value. The current Price-to-Tangible-Book is 24.83 and 897.2% above the Hardware industry median of 2.49. Arteche Lantegi Elekartea's overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Arteche Lantegi Elekartea (XMAD:ART), the current Price-to-Tangible-Book is 24.83 as of Aug. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Arteche Lantegi Elekartea (XMAD:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Arteche Lantegi Elekartea stock appears to be overvalued.
The current stock price of €29.00 is trading 271.3% above its estimated GF Value™ of €7.81.
GuruFocus considers Arteche Lantegi Elekartea to be Significantly Overvalued.
Key valuation signals for XMAD:ART:
Price-to-Tangible-Book: 24.83
GF Value™: €7.81 vs. price of €29.00 (271.3% above fair value)
Industry Position: 897.2% above the Hardware median (#2242 of 2317)
No single metric tells the full story. See the XMAD:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arteche Lantegi Elekartea SA is a company specializing in electrical equipment and solutions for power generation, transmission, and distribution. It designs and manufactures products such as instrument transformers, relays, and protection systems. The group operates in over 175 countries world-wide. It focuses on innovation, reliability, and supporting the transition to more efficient and sustainable energy systems.
80GF Score
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