Pritika Engineering Components (NSE:PRITIKA) Price-to-Tangible-Book : 2.11 (As of May. 23, 2024)

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What is Pritika Engineering Components Price-to-Tangible-Book?

As of today (2024-05-23), Pritika Engineering Components's share price is ₹53.05. Pritika Engineering Components's Tangible Book per Share of Mar. 2023 for the quarter that ended in Mar. 2023 was ₹25.16. Hence, Pritika Engineering Components's Price to Tangible Book Ratio of today is 2.11.

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

NSE:PRITIKA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.01 Med: 1.01 Max: 2.38
Current: 2.11

During the past 4 years, Pritika Engineering Components's highest Price to Tangible Book Ratio was 2.38. The lowest was 1.01. And the median was 1.01.

NSE:PRITIKA's Price-to-Tangible-Book is ranked worse than
61.57% of 1197 companies
in the Vehicles & Parts industry
Industry Median: 1.67 vs NSE:PRITIKA: 2.11

A closely related ratio is called PB Ratio. As of today, Pritika Engineering Components's share price is ₹53.05. Pritika Engineering Components's Book Value per Sharefor the quarter that ended in Mar. 2023 was ₹25.16. Hence, Pritika Engineering Components's P/B Ratio of today is 2.11.

Pritika Engineering Components Price-to-Tangible-Book Historical Data

The historical data trend for Pritika Engineering Components'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.

Pritika Engineering Components Price-to-Tangible-Book Chart

Pritika Engineering Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

1.01

Pritika Engineering Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Price-to-Tangible-Book	-	-	-	-	1.01

Competitive Comparison of Pritika Engineering Components's Price-to-Tangible-Book

For the Auto Parts subindustry, Pritika Engineering Components'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.

Pritika Engineering Components's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pritika Engineering Components's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Pritika Engineering Components's Price-to-Tangible-Book falls into.

Pritika Engineering Components Price-to-Tangible-Book Calculation

Pritika Engineering Components's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2023 )
	=	53.05	/	25.163
	=	2.11

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.

Pritika Engineering Components Price-to-Tangible-Book Related Terms

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

Pritika Engineering Components (NSE:PRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pritika Engineering Components Ltd (NSE:PRITIKA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055

Website

https://www.pritikaengineering.com

Pritika Engineering Components Ltd is engaged in the business of manufacturing precision-machined components for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors and Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing, and Front Engine Supports. It manufactures customized products for tractors, commercial vehicles, and other construction equipment.

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