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Trutankless (Trutankless) PB Ratio : (As of May. 20, 2024)


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What is Trutankless PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-20), Trutankless's share price is $0.08. Trutankless's Book Value per Share for the quarter that ended in Sep. 2023 was $-0.30. Hence, Trutankless's PB Ratio of today is .

The historical rank and industry rank for Trutankless's PB Ratio or its related term are showing as below:

During the past 13 years, Trutankless's highest PB Ratio was 4000.00. The lowest was 41.38. And the median was 93.97.

TKLS's PB Ratio is not ranked *
in the Hardware industry.
Industry Median: 1.87
* Ranked among companies with meaningful PB Ratio only.

During the past 3 years, the average Book Value Per Share Growth Rate was 20.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 14.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Trutankless was 24.60% per year. The lowest was -59.90% per year. And the median was -2.50% per year.

Back to Basics: PB Ratio


Trutankless PB Ratio Historical Data

The historical data trend for Trutankless's PB Ratio 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.

Trutankless PB Ratio Chart

Trutankless Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
PB Ratio
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Trutankless Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Trutankless's PB Ratio

For the Consumer Electronics subindustry, Trutankless's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Trutankless's PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Trutankless's PB Ratio distribution charts can be found below:

* The bar in red indicates where Trutankless's PB Ratio falls into.



Trutankless PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Trutankless's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2023)
=0.08/-0.295
=

* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Trutankless  (OTCPK:TKLS) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Trutankless PB Ratio Related Terms

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Trutankless (Trutankless) Business Description

Traded in Other Exchanges
N/A
Address
15900 North 78th Street, Suite 200, Scottsdale, AZ, USA, 85260
Trutankless Inc is engaged in manufacturing electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability, and environmental sustainability. The company anticipates its second generation Trutankless water heaters, with Wi-Fi, Bluetooth, and Zigbee capabilities to help modernize the water heating industry. The Trutankless brand mission is to apply smart engineering to forward-thinking technologies that save customers money, energy, and space.
Executives
Buit Right Holdings, Llc 10 percent owner 8790 E. VIA DE VENTURA, SUITE 4640, SCOTTSDALE AZ 85258
Michael Stebbins director 14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254
Robertson J Orr director, officer: President & CEO 14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254