Meridian Energy (Meridian Energy) Price-to-Tangible-Book : 2.89 (As of Jun. 07, 2024)

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What is Meridian Energy Price-to-Tangible-Book?

As of today (2024-06-07), Meridian Energy's share price is $4.04. Meridian Energy's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.40. Hence, Meridian Energy's Price to Tangible Book Ratio of today is 2.89.

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

MDDNF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 2.06 Max: 3.84
Current: 3.42

During the past 13 years, Meridian Energy's highest Price to Tangible Book Ratio was 3.84. The lowest was 0.97. And the median was 2.06.

MDDNF's Price-to-Tangible-Book is ranked worse than
77.08% of 397 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.44 vs MDDNF: 3.42

A closely related ratio is called PB Ratio. As of today, Meridian Energy's share price is $4.04. Meridian Energy's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.42. Hence, Meridian Energy's P/B Ratio of today is 2.85.

Meridian Energy Price-to-Tangible-Book Historical Data

The historical data trend for Meridian Energy'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.

Meridian Energy Price-to-Tangible-Book Chart

Meridian Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.14

2.30

2.70

2.13

2.30

Meridian Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.48	2.13	2.22	2.30	2.36

Competitive Comparison of Meridian Energy's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, Meridian Energy'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.

Meridian Energy's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

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

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

Meridian Energy Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.04	/	1.398
	=	2.89

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.

Meridian Energy Price-to-Tangible-Book Related Terms

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

Meridian Energy (Meridian Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Meridian Energy Ltd (OTCPK:MDDNF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MEL:New Zealand 15M1:Germany MEZ:Australia

Address

287-293 Durham Street North, Christchurch Central, Christchurch, STL, NZL, 8013

Website

https://www.meridianenergy.co.nz

Meridian is New Zealand's largest electricity generator, operating hydro stations and wind farms in New Zealand. Nearly 90% of its electricity is generated from low-cost hydro power plants, with wind making up the rest. The company's main competitors are vertically integrated firms, such as Mercury NZ, Genesis Energy, Contact Energy, and Trustpower.