Asahi Songwon Colors (BOM:532853) Price-to-Tangible-Book : 2.09 (As of Jun. 03, 2024)

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What is Asahi Songwon Colors Price-to-Tangible-Book?

As of today (2024-06-03), Asahi Songwon Colors's share price is ₹367.55. Asahi Songwon Colors's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ₹176.05. Hence, Asahi Songwon Colors's Price to Tangible Book Ratio of today is 2.09.

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

BOM:532853' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.45 Med: 1.31 Max: 2.22
Current: 2.09

During the past 13 years, Asahi Songwon Colors's highest Price to Tangible Book Ratio was 2.22. The lowest was 0.45. And the median was 1.31.

BOM:532853's Price-to-Tangible-Book is ranked worse than
57.09% of 1482 companies
in the Chemicals industry
Industry Median: 1.785 vs BOM:532853: 2.09

A closely related ratio is called PB Ratio. As of today, Asahi Songwon Colors's share price is ₹367.55. Asahi Songwon Colors's Book Value per Sharefor the quarter that ended in Mar. 2024 was ₹199.87. Hence, Asahi Songwon Colors's P/B Ratio of today is 1.84.

Asahi Songwon Colors Price-to-Tangible-Book Historical Data

The historical data trend for Asahi Songwon Colors'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.

Asahi Songwon Colors Price-to-Tangible-Book Chart

Asahi Songwon Colors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

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0.45

1.69

1.43

1.15

1.84

Asahi Songwon Colors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.15	-	1.36	-	1.84

Competitive Comparison of Asahi Songwon Colors's Price-to-Tangible-Book

For the Specialty Chemicals subindustry, Asahi Songwon Colors'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.

Asahi Songwon Colors's Price-to-Tangible-Book Distribution in the Chemicals Industry

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

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

Asahi Songwon Colors Price-to-Tangible-Book Calculation

Asahi Songwon Colors's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	367.55	/	176.047
	=	2.09

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.

Asahi Songwon Colors Price-to-Tangible-Book Related Terms

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

Asahi Songwon Colors (BOM:532853) Business Description

Industry

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ASAHISONG:India

Address

Thaltej-Shilaj Road, Asahi House, 20, Times Corporate Park, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.asahisongwon.com

Asahi Songwon Colors Ltd is a supplier and manufacturer of pigment color. It is principally engaged in the business of manufacturing phthalocyanine pigment and derivatives in India. The company deals with the following pigments: CPC Blue Crude, Pigment Alfa Blue 15:0, Pigment Alfa Blue 15:1, Pigment Beta Blue 15:3 and Pigment Blue 15.4. These products are mainly used in the manufacture of printing inks while the rest find application in paints, plastics, textiles and paper industries. The company is in the process of adding new products in future. The majority of the revenue is generated outside India.

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