Grindrod Shipping Holdings (Grindrod Shipping Holdings) Price-to-Tangible-Book : 1.16 (As of Apr. 29, 2024)

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What is Grindrod Shipping Holdings Price-to-Tangible-Book?

As of today (2024-04-29), Grindrod Shipping Holdings's share price is $13.69. Grindrod Shipping Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $11.85. Hence, Grindrod Shipping Holdings's Price to Tangible Book Ratio of today is 1.16.

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

GRIN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.38 Med: 0.63 Max: 1.2
Current: 1.16

During the past 9 years, Grindrod Shipping Holdings's highest Price to Tangible Book Ratio was 1.20. The lowest was 0.38. And the median was 0.63.

GRIN's Price-to-Tangible-Book is ranked better than
61.73% of 878 companies
in the Transportation industry
Industry Median: 1.42 vs GRIN: 1.16

A closely related ratio is called PB Ratio. As of today, Grindrod Shipping Holdings's share price is $13.69. Grindrod Shipping Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was $12.50. Hence, Grindrod Shipping Holdings's P/B Ratio of today is 1.09.

Grindrod Shipping Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Grindrod Shipping Holdings'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.

Grindrod Shipping Holdings Price-to-Tangible-Book Chart

Grindrod Shipping Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.49

0.38

1.04

1.20

0.76

Grindrod Shipping Holdings Quarterly Data
	Jun18	Dec18	Jun19	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															1.20	0.73	0.57	0.65	0.76

Competitive Comparison of Grindrod Shipping Holdings's Price-to-Tangible-Book

For the Marine Shipping subindustry, Grindrod Shipping Holdings'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.

Grindrod Shipping Holdings's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Grindrod Shipping Holdings's Price-to-Tangible-Book distribution charts can be found below:

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

Grindrod Shipping Holdings Price-to-Tangible-Book Calculation

Grindrod Shipping Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	13.69	/	11.851
	=	1.16

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.

Grindrod Shipping Holdings Price-to-Tangible-Book Related Terms

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

Grindrod Shipping Holdings (Grindrod Shipping Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grindrod Shipping Holdings Ltd (NAS:GRIN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GSH:South Africa 1RZ:Germany

Address

200 Cantonment Road, No. 03-01 Southpoint, Singapore, SGP, 089763

Website

https://www.grinshipping.com

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue.

Executives

Industrial Partnership Investments Proprietary Ltd

10 percent owner

P O BOX 456, STELLENBOSCH T3 7599