Salmon Evolution ASA (OSL:SALME) Price-to-Tangible-Book : 1.70 (As of May. 27, 2024)

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What is Salmon Evolution ASA Price-to-Tangible-Book?

As of today (2024-05-27), Salmon Evolution ASA's share price is kr7.60. Salmon Evolution ASA's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was kr4.47. Hence, Salmon Evolution ASA's Price to Tangible Book Ratio of today is 1.70.

The historical rank and industry rank for Salmon Evolution ASA's Price-to-Tangible-Book or its related term are showing as below:

OSL:SALME' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.52 Med: 1.91 Max: 2.16
Current: 1.7

During the past 5 years, Salmon Evolution ASA's highest Price to Tangible Book Ratio was 2.16. The lowest was 1.52. And the median was 1.91.

OSL:SALME's Price-to-Tangible-Book is ranked better than
50.67% of 1715 companies
in the Consumer Packaged Goods industry
Industry Median: 1.72 vs OSL:SALME: 1.70

A closely related ratio is called PB Ratio. As of today, Salmon Evolution ASA's share price is kr7.60. Salmon Evolution ASA's Book Value per Sharefor the quarter that ended in Dec. 2023 was kr4.64. Hence, Salmon Evolution ASA's P/B Ratio of today is 1.64.

Salmon Evolution ASA Price-to-Tangible-Book Historical Data

The historical data trend for Salmon Evolution ASA'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.

Salmon Evolution ASA Price-to-Tangible-Book Chart

Salmon Evolution ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.91

2.16

1.91

1.52

Salmon Evolution ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial												1.91	1.96	1.36	1.35	1.52

Competitive Comparison of Salmon Evolution ASA's Price-to-Tangible-Book

For the Farm Products subindustry, Salmon Evolution ASA'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.

Salmon Evolution ASA's Price-to-Tangible-Book Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Salmon Evolution ASA's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Salmon Evolution ASA's Price-to-Tangible-Book falls into.

Salmon Evolution ASA Price-to-Tangible-Book Calculation

Salmon Evolution ASA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	7.60	/	4.465
	=	1.70

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.

Salmon Evolution ASA Price-to-Tangible-Book Related Terms

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

Salmon Evolution ASA (OSL:SALME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salmon Evolution ASA (OSL:SALME) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SALMEo:Sweden 60E:Germany

Address

Torget 5, NO-6440 Elnesvagen, Hustadvika, NOR, 6440

Website

https://www.salmonevolution.no

Salmon Evolution ASA is a land-based salmon farming company in Norway. Its focus is on extending the ocean's potential by transferring the preconditions offered by the sea to farm fish on land through its chosen hybrid flow-through system technology (HFS). It production facility of the company is located in Indre Haroy, Norway. It offers access to an educated and experienced workforce, established infrastructure for salmon farming, renewable energy, and unlimited fresh seawater.

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