Kelso Technologies (TSX:KLS) Price-to-Tangible-Book : 0.84 (As of May. 02, 2024)

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What is Kelso Technologies Price-to-Tangible-Book?

As of today (2024-05-02), Kelso Technologies's share price is C$0.17. Kelso Technologies's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.20. Hence, Kelso Technologies's Price to Tangible Book Ratio of today is 0.84.

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

TSX:KLS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.79 Med: 2.83 Max: 16.29
Current: 0.85

During the past 13 years, Kelso Technologies's highest Price to Tangible Book Ratio was 16.29. The lowest was 0.79. And the median was 2.83.

TSX:KLS's Price-to-Tangible-Book is ranked better than
75.83% of 877 companies
in the Transportation industry
Industry Median: 1.42 vs TSX:KLS: 0.85

A closely related ratio is called PB Ratio. As of today, Kelso Technologies's share price is C$0.17. Kelso Technologies's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.22. Hence, Kelso Technologies's P/B Ratio of today is 0.79.

Kelso Technologies Price-to-Tangible-Book Historical Data

The historical data trend for Kelso Technologies'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.

Kelso Technologies Price-to-Tangible-Book Chart

Kelso Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.96

2.53

2.05

1.62

1.04

Kelso Technologies Quarterly Data
	Mar19	Jun19	Sep19	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															1.62	1.54	1.57	1.26	1.04

Competitive Comparison of Kelso Technologies's Price-to-Tangible-Book

For the Railroads subindustry, Kelso Technologies'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.

Kelso Technologies's Price-to-Tangible-Book Distribution in the Transportation Industry

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

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

Kelso Technologies Price-to-Tangible-Book Calculation

Kelso Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.17	/	0.202
	=	0.84

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.

Kelso Technologies Price-to-Tangible-Book Related Terms

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

Kelso Technologies (TSX:KLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (TSX:KLS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

KIQ:USA LB4A:Germany

Address

13966, 18B Avenue, Surrey, BC, CAN, V4A 8J1

Website

https://www.kelsotech.com

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.

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