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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.
thyssenkrupp AG Price-to-Tangible-Book Related Terms
thyssenkrupp AG Price-to-Tangible-Book Historical Data
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The historical data trend for thyssenkrupp AG'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.
XSWX:TKA vs MMM, HON: Price-to-Tangible-Book Comparison
For the Conglomerates subindustry, thyssenkrupp AG'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.
thyssenkrupp AG Price-to-Tangible-Book vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, thyssenkrupp AG's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where thyssenkrupp AG'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.
thyssenkrupp AG (XSWX:TKA) has a Price-to-Tangible-Book of 1.23 as of Sep. 08, 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 thyssenkrupp AG and its competitors. According to the industry distribution chart, thyssenkrupp AG ranks #257 out of 494 companies in the Conglomerates industry, placing it in the top 52%.
Is thyssenkrupp AG's Price-to-Tangible-Book too high?
thyssenkrupp AG's current Price-to-Tangible-Book is 1.23. The Conglomerates industry median Price-to-Tangible-Book is 1.15. thyssenkrupp AG's value of 1.23 is 7% above this industry median. Based on the distribution chart, thyssenkrupp AG ranks #257 out of 494 companies in the Conglomerates industry, which is below the industry midpoint. Overall, thyssenkrupp AG has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does thyssenkrupp AG's Price-to-Tangible-Book compare to MMM and HON?
According to the Conglomerates industry distribution chart, thyssenkrupp AG ranks #257 out of 494 companies for Price-to-Tangible-Book. This places thyssenkrupp AG in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.15. thyssenkrupp AG's value of 1.23 is 7% 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 Conglomerates company?
The median Price-to-Tangible-Book among Conglomerates companies is 1.15, based on 494 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. thyssenkrupp AG's current Price-to-Tangible-Book of 1.23 is 7% 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 thyssenkrupp AG and its competitors. For the Conglomerates industry, the median Price-to-Tangible-Book is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. thyssenkrupp AG's current Price-to-Tangible-Book is 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is thyssenkrupp AG stock overvalued right now?
Based on GuruFocus' analysis, thyssenkrupp AG (XSWX:TKA) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF4.45, compared to a current price of CHF14.39 — trading 223.4% above its estimated fair value. The current Price-to-Tangible-Book is 1.23 and 7% above the Conglomerates industry median of 1.15. thyssenkrupp AG's overall GF Score™ is 48/100 with 7 warning signs 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 thyssenkrupp AG (XSWX:TKA), the current Price-to-Tangible-Book is 1.23 as of Sep. 08, 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 thyssenkrupp AG (XSWX:TKA) Overvalued in 2026?
Based on GuruFocus' analysis, thyssenkrupp AG stock appears to be overvalued.
The current stock price of CHF14.39 is trading 223.4% above its estimated GF Value™ of CHF4.45.
GuruFocus considers thyssenkrupp AG to be Significantly Overvalued.
Key valuation signals for XSWX:TKA:
Price-to-Tangible-Book: 1.23
GF Value™: CHF4.45 vs. price of CHF14.39 (223.4% above fair value)
Industry Position: 7% above the Conglomerates median (#257 of 494)
No single metric tells the full story. See the XSWX:TKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automotive Technology, Steel Europe, and Marine Systems. Automotive Technology is one of the German suppliers and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius, and the majority investment in thyssenkrupp Nucera. Material Services includes the distribution of mill-independent materials, distributors, and services. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. it generates the majority of Revenue from Materials Services.
48GF Score
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