Renova Energia (BSP:RNEW3) Price-to-Tangible-Book : 0.28 (As of May. 13, 2024)

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What is Renova Energia Price-to-Tangible-Book?

As of today (2024-05-13), Renova Energia's share price is R$1.05. Renova Energia's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was R$3.74. Hence, Renova Energia's Price to Tangible Book Ratio of today is 0.28.

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

BSP:RNEW3' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.28 Med: 1.63 Max: 2.55
Current: 0.28

During the past 13 years, Renova Energia's highest Price to Tangible Book Ratio was 2.55. The lowest was 0.28. And the median was 1.63.

BSP:RNEW3's Price-to-Tangible-Book is ranked better than
94.94% of 395 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.46 vs BSP:RNEW3: 0.28

A closely related ratio is called PB Ratio. As of today, Renova Energia's share price is R$1.05. Renova Energia's Book Value per Sharefor the quarter that ended in Dec. 2023 was R$3.74. Hence, Renova Energia's P/B Ratio of today is 0.28.

Renova Energia Price-to-Tangible-Book Historical Data

The historical data trend for Renova Energia'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.

Renova Energia Price-to-Tangible-Book Chart

Renova Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.54

0.33

Renova Energia 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															0.54	0.47	0.48	0.37	0.33

Competitive Comparison of Renova Energia's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, Renova Energia'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.

Renova Energia's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Renova Energia's Price-to-Tangible-Book distribution charts can be found below:

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

Renova Energia Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.05	/	3.74
	=	0.28

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.

Renova Energia Price-to-Tangible-Book Related Terms

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

Renova Energia (BSP:RNEW3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Renova Energia SA (BSP:RNEW3) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

RNEW11:Brazil RNEW4:Brazil

Address

Av. Roque Petroni Júnior, Suite 999, 4th Floor, Sao Paulo, SP, BRA, 4571011

Website

https://www.renovaenergia.com.br

Renova Energia SA is a Brazilian energy company generating electric power from renewable sources, focusing on wind farms, small hydroelectric plants, and solar energy. The company is responsible for prospecting, developing, and implementing projects to generate power. The company is also involved in the power trading business. A majority of revenue is derived from a combination of wind and power trading, with a significantly smaller portion of revenue coming from both small hydroelectric plants and solar power. Renova generates the vast majority of its revenue in Brazil.

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