As of today (2024-04-27), AMETEK's share price is $177.51. AMETEK's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-8.15. Hence, AMETEK's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for AMETEK's Price-to-Tangible-Book or its related term are showing as below:
AME's Price-to-Tangible-Book is not ranked *
in the Industrial Products industry.
Industry Median: 2.1 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, AMETEK's share price is $177.51. AMETEK's Book Value per Sharefor the quarter that ended in Dec. 2023 was $37.80. Hence, AMETEK's P/B Ratio of today is 4.70.
AMETEK Price-to-Tangible-Book Historical Data
The historical data trend for AMETEK'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.
Competitive Comparison of AMETEK's Price-to-Tangible-Book
For the Specialty Industrial Machinery subindustry, AMETEK'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.
AMETEK's Price-to-Tangible-Book Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, AMETEK's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where AMETEK's Price-to-Tangible-Book falls into.
AMETEK Price-to-Tangible-Book Calculation
AMETEK's price-to-tangible-book ratio for today 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.
It can also be calculated from the numbers for the whole company:
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.
AMETEK Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of AMETEK's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.
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