As of today (2024-04-25), Rivian Automotive's share price is $8.84. Rivian Automotive's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $9.79. Hence, Rivian Automotive's Price to Tangible Book Ratio of today is 0.90.
The historical rank and industry rank for Rivian Automotive's Price-to-Tangible-Book or its related term are showing as below:
RIVN'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.9 Med: 2.4 Max: 4.78
Current: 0.9
During the past 5 years, Rivian Automotive's highest Price to Tangible Book Ratio was 4.78. The lowest was 0.90. And the median was 2.40.
RIVN's Price-to-Tangible-Book is ranked better than 70.37% of 1198
companies
in the Vehicles & Parts industry
Industry Median: 1.68
vs RIVN: 0.90
A closely related ratio is called PB Ratio. As of today, Rivian Automotive's share price is $8.84. Rivian Automotive's Book Value per Sharefor the quarter that ended in Dec. 2023 was $9.79. Hence, Rivian Automotive's P/B Ratio of today is 0.90.
Rivian Automotive Price-to-Tangible-Book Historical Data
The historical data trend for Rivian Automotive'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 Rivian Automotive's Price-to-Tangible-Book
For the Auto Manufacturers subindustry, Rivian Automotive'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.
Rivian Automotive's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Rivian Automotive's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Rivian Automotive's Price-to-Tangible-Book falls into.
* 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.
Rivian Automotive Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Rivian Automotive's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Rivian Automotive (Rivian Automotive) Business Description
Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).
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