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.
Rane Brake Linings Tangible Book per Share Historical Data
The historical data trend for Rane Brake Linings'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.
Competitive Comparison of Rane Brake Linings's Tangible Book per Share
For the Auto Parts subindustry, Rane Brake Linings'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.
Rane Brake Linings's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Rane Brake Linings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Rane Brake Linings's Price-to-Tangible-Book falls into.
Rane Brake Linings Tangible Book per Share Calculation
Rane Brake Linings's Tangible Book Value Per Share for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
Rane Brake Linings (BOM:532987) 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.
Rane Brake Linings Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of Rane Brake Linings's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Rane Brake Linings (BOM:532987) Business Description
Rane Brake Linings Ltd manufactures and markets auto components. The company offers products such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks for passenger cars, utility vehicles, commercial vehicles, two-wheelers, and railways. Geographically, it derives a majority of revenue from India and also has a presence in the Rest of the World. It is engaged in activities related to the manufacture and supply of auto components for the transportation industry.
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