Argon Denims (DHA:ARGONDENIM) Price-to-Tangible-Book : 0.66 (As of May. 21, 2024)

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What is Argon Denims Price-to-Tangible-Book?

As of today (2024-05-21), Argon Denims's share price is BDT16.30. Argon Denims's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was BDT24.57. Hence, Argon Denims's Price to Tangible Book Ratio of today is 0.66.

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

DHA:ARGONDENIM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.62 Med: 0.89 Max: 1.91
Current: 0.66

During the past 9 years, Argon Denims's highest Price to Tangible Book Ratio was 1.91. The lowest was 0.62. And the median was 0.89.

DHA:ARGONDENIM's Price-to-Tangible-Book is ranked better than
78.99% of 990 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.345 vs DHA:ARGONDENIM: 0.66

A closely related ratio is called PB Ratio. As of today, Argon Denims's share price is BDT16.30. Argon Denims's Book Value per Sharefor the quarter that ended in Dec. 2023 was BDT24.57. Hence, Argon Denims's P/B Ratio of today is 0.66.

Argon Denims Price-to-Tangible-Book Historical Data

The historical data trend for Argon Denims'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.

Argon Denims Price-to-Tangible-Book Chart

Argon Denims Annual Data

Trend

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.90

0.71

1.04

0.79

0.78

Argon Denims 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															0.77	0.76	0.78	0.75	0.74

Competitive Comparison of Argon Denims's Price-to-Tangible-Book

For the Textile Manufacturing subindustry, Argon Denims'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.

Argon Denims's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Argon Denims's Price-to-Tangible-Book distribution charts can be found below:

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

Argon Denims Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	16.30	/	24.565
	=	0.66

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.

Argon Denims Price-to-Tangible-Book Related Terms

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

Argon Denims (DHA:ARGONDENIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Argon Denims Ltd (DHA:ARGONDENIM) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

57, Joar Sahara, New Airport Road, Level-6, Lotus Kamal Tower ONE, Nikunja-2- C/A, Dhaka, BGD, 1229

Website

http://www.argondenims.com

Argon Denims Ltd is engaged in manufacturing, dyeing, and finishing Denim Fabric based in Bangladesh and focuses on exports. The firm carries out the business of weaving, spinning, bleaching, dyeing, mercerizing printing, finishing, and selling denim fabrics, yarn, cloth, linen, hosiery, and other goods and fabrics whether textiles knitted or looped. It produces a medium and premium range of denim fabrics in various weights. The products include fabrics in 100% cotton, cotton stretch, cotton polyester, and cotton-polyester stretch. The dyeing line is equipped with light and dark indigo, Sulphur black, SBIT, IBST with casts and colors.

Argon Denims (DHA:ARGONDENIM) Headlines

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