Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Godawari Power & Ispat Tangible Book per Share Historical Data
The historical data trend for Godawari Power & Ispat's Tangible Book per Share 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.
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Godawari Power & Ispat Tangible Book per Share Chart
Competitive Comparison of Godawari Power & Ispat's Tangible Book per Share
For the Steel subindustry, Godawari Power & Ispat'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.
Godawari Power & Ispat's Price-to-Tangible-Book Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Godawari Power & Ispat's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Godawari Power & Ispat'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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Godawari Power & Ispat (BOM:532734) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Godawari Power & Ispat Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of Godawari Power & Ispat's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Godawari Power & Ispat Ltd is an India-based fully integrated steel company with a presence across the steel value chain extending from iron ore mining to iron ore pellets and value-added steel products. The company has a single primary business segment Iron and Steel which includes captive power, as the captive power generated by the company is used for the production process of iron and steel. The group operates in India. The products offered by the group are Pellets, Sponge iron, Iron and steel billets, Wire rods, Hard black wires, Ferro-alloys, and others.
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