United Rentals (FRA:UR3) Price-to-Tangible-Book : 78.80 (As of Apr. 27, 2024)

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What is United Rentals Price-to-Tangible-Book?

As of today (2024-04-27), United Rentals's share price is €641.40. United Rentals's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was €8.14. Hence, United Rentals's Price to Tangible Book Ratio of today is 78.80.

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

FRA:UR3' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 24.36 Med: 42.21 Max: 81.5
Current: 80.07

During the past 13 years, United Rentals's highest Price to Tangible Book Ratio was 81.50. The lowest was 24.36. And the median was 42.21.

FRA:UR3's Price-to-Tangible-Book is ranked worse than
98.96% of 869 companies
in the Business Services industry
Industry Median: 2.08 vs FRA:UR3: 80.07

A closely related ratio is called PB Ratio. As of today, United Rentals's share price is €641.40. United Rentals's Book Value per Sharefor the quarter that ended in Mar. 2024 was €111.84. Hence, United Rentals's P/B Ratio of today is 5.74.

United Rentals Price-to-Tangible-Book Historical Data

The historical data trend for United Rentals'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.

United Rentals Price-to-Tangible-Book Chart

United Rentals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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41.64

25.19

United Rentals 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															47.68	36.60	24.75	25.19	81.45

Competitive Comparison of United Rentals's Price-to-Tangible-Book

For the Rental & Leasing Services subindustry, United Rentals'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.

United Rentals's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, United Rentals's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where United Rentals's Price-to-Tangible-Book falls into.

United Rentals Price-to-Tangible-Book Calculation

United Rentals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	641.40	/	8.14
	=	78.80

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.

United Rentals Price-to-Tangible-Book Related Terms

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

United Rentals (FRA:UR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » United Rentals Inc (FRA:UR3) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

URI:USA U1RI34:Brazil

Address

100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902

Website

https://www.unitedrentals.com

United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.

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