Riddhi Steel and Tube (BOM:540082) Price-to-Tangible-Book : 0.78 (As of Jun. 01, 2024)

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What is Riddhi Steel and Tube Price-to-Tangible-Book?

As of today (2024-06-01), Riddhi Steel and Tube's share price is ₹51.50. Riddhi Steel and Tube's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ₹66.23. Hence, Riddhi Steel and Tube's Price to Tangible Book Ratio of today is 0.78.

The historical rank and industry rank for Riddhi Steel and Tube's Price-to-Tangible-Book or its related term are showing as below:

BOM:540082' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.12 Med: 0.53 Max: 0.94
Current: 0.78

During the past 12 years, Riddhi Steel and Tube's highest Price to Tangible Book Ratio was 0.94. The lowest was 0.12. And the median was 0.53.

BOM:540082's Price-to-Tangible-Book is ranked better than
65.89% of 601 companies
in the Steel industry
Industry Median: 1.04 vs BOM:540082: 0.78

A closely related ratio is called PB Ratio. As of today, Riddhi Steel and Tube's share price is ₹51.50. Riddhi Steel and Tube's Book Value per Sharefor the quarter that ended in Sep. 2023 was ₹66.23. Hence, Riddhi Steel and Tube's P/B Ratio of today is 0.78.

Riddhi Steel and Tube Price-to-Tangible-Book Historical Data

The historical data trend for Riddhi Steel and Tube'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.

Riddhi Steel and Tube Price-to-Tangible-Book Chart

Riddhi Steel and Tube Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.25

0.12

0.42

0.53

0.74

Riddhi Steel and Tube Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.35	0.53	0.50	0.74	0.57

Competitive Comparison of Riddhi Steel and Tube's Price-to-Tangible-Book

For the Steel subindustry, Riddhi Steel and Tube'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.

Riddhi Steel and Tube's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Riddhi Steel and Tube's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Riddhi Steel and Tube's Price-to-Tangible-Book falls into.

Riddhi Steel and Tube Price-to-Tangible-Book Calculation

Riddhi Steel and Tube's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	51.50	/	66.234
	=	0.78

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.

Riddhi Steel and Tube Price-to-Tangible-Book Related Terms

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

Riddhi Steel and Tube (BOM:540082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Riddhi Steel and Tube Ltd (BOM:540082) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

Piplaj Pirana Road, 83/84, Village - Kamod, Post- Aslali, Ahmedabad, GJ, IND, 382427

Website

https://www.riddhitubes.com

Riddhi Steel and Tube Ltd is engaged in manufacturing and galvanized steel pipes in various sizes, tubes, and hollow profiles and of tube and pipe fittings of cast iron or cast steel. The product line of the company includes MS ERW Black and Galvanised Pipes which are used in agriculture, industry and construction activities like scaffolding and casing in bore wells; Square and Rectangular Hollow Section used in engineering application; Pre-Galvanised Pipes used by various manufacturers.

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