Meiji Holdings Co (TSE:2269) Price-to-Tangible-Book : 1.35 (As of May. 31, 2024)

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What is Meiji Holdings Co Price-to-Tangible-Book?

As of today (2024-05-31), Meiji Holdings Co's share price is 円3517.00. Meiji Holdings Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was 円2,599.48. Hence, Meiji Holdings Co's Price to Tangible Book Ratio of today is 1.35.

The historical rank and industry rank for Meiji Holdings Co's Price-to-Tangible-Book or its related term are showing as below:

TSE:2269' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.27 Med: 2.28 Max: 3.51
Current: 1.35

During the past 13 years, Meiji Holdings Co's highest Price to Tangible Book Ratio was 3.51. The lowest was 1.27. And the median was 2.28.

TSE:2269's Price-to-Tangible-Book is ranked better than
58.74% of 1711 companies
in the Consumer Packaged Goods industry
Industry Median: 1.69 vs TSE:2269: 1.35

A closely related ratio is called PB Ratio. As of today, Meiji Holdings Co's share price is 円3517.00. Meiji Holdings Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was 円2,674.72. Hence, Meiji Holdings Co's P/B Ratio of today is 1.31.

Meiji Holdings Co Price-to-Tangible-Book Historical Data

The historical data trend for Meiji Holdings Co'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.

Meiji Holdings Co Price-to-Tangible-Book Chart

Meiji Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.03

1.71

1.42

1.27

1.30

Meiji Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.27	1.27	1.42	1.28	1.30

Competitive Comparison of Meiji Holdings Co's Price-to-Tangible-Book

For the Packaged Foods subindustry, Meiji Holdings Co'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.

Meiji Holdings Co's Price-to-Tangible-Book Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Meiji Holdings Co's Price-to-Tangible-Book falls into.

Meiji Holdings Co Price-to-Tangible-Book Calculation

Meiji Holdings Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	3517.00	/	2599.482
	=	1.35

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.

Meiji Holdings Co Price-to-Tangible-Book Related Terms

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

Meiji Holdings Co (TSE:2269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meiji Holdings Co Ltd (TSE:2269) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MEJHY:USA

Address

4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.meiji.com

Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (TSE:2269) Headlines

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