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Solvay (XBRU:SOLB) Price-to-Tangible-Book : 10.60 (As of Apr. 28, 2024)


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What is Solvay Price-to-Tangible-Book?

As of today (2024-04-28), Solvay's share price is €30.18. Solvay's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €2.85. Hence, Solvay's Price to Tangible Book Ratio of today is 10.60.

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

XBRU:SOLB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.38   Med: 0.99   Max: 10.6
Current: 10.59

During the past 13 years, Solvay's highest Price to Tangible Book Ratio was 10.60. The lowest was 0.38. And the median was 0.99.

XBRU:SOLB's Price-to-Tangible-Book is ranked worse than
94.71% of 1493 companies
in the Chemicals industry
Industry Median: 1.79 vs XBRU:SOLB: 10.59

A closely related ratio is called PB Ratio. As of today, Solvay's share price is €30.18. Solvay's Book Value per Sharefor the quarter that ended in Dec. 2023 was €12.04. Hence, Solvay's P/B Ratio of today is 2.51.


Solvay Price-to-Tangible-Book Historical Data

The historical data trend for Solvay'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.

Solvay Price-to-Tangible-Book Chart

Solvay Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 1.11 0.65 0.38 9.74

Solvay 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.40 0.39 0.42 9.74

Competitive Comparison of Solvay's Price-to-Tangible-Book

For the Chemicals subindustry, Solvay'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.


Solvay's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solvay's Price-to-Tangible-Book distribution charts can be found below:

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



Solvay Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=30.18/2.847
=10.60

* 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.


Solvay Price-to-Tangible-Book Related Terms

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


Solvay (XBRU:SOLB) Business Description

Address
Rue De Ransbeek, 310, Brussels, BEL, B-1120
Solvay is a Belgium-based producer of chemicals, plastics, and composites. The company has a top-three market position for nearly all of its products. Key business segments include materials, chemicals, and solutions. High-value products include aerospace composites and specialty polymers while traditional chemical products include soda ash and hydrogen peroxide. Geographical exposure is relatively balanced, with Europe, North America, and Asia each contributing a third of sales.

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