Shigan Quantum Technologies (NSE:SHIGAN) Price-to-Tangible-Book : 3.04 (As of Jun. 10, 2024)

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What is Shigan Quantum Technologies Price-to-Tangible-Book?

As of today (2024-06-10), Shigan Quantum Technologies's share price is ₹107.10. Shigan Quantum Technologies's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ₹35.18. Hence, Shigan Quantum Technologies's Price to Tangible Book Ratio of today is 3.04.

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

NSE:SHIGAN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.42 Med: 2.81 Max: 3.41
Current: 3.04

During the past 5 years, Shigan Quantum Technologies's highest Price to Tangible Book Ratio was 3.41. The lowest was 2.42. And the median was 2.81.

NSE:SHIGAN's Price-to-Tangible-Book is ranked worse than
75% of 1204 companies
in the Vehicles & Parts industry
Industry Median: 1.6 vs NSE:SHIGAN: 3.04

A closely related ratio is called PB Ratio. As of today, Shigan Quantum Technologies's share price is ₹107.10. Shigan Quantum Technologies's Book Value per Sharefor the quarter that ended in Sep. 2023 was ₹36.12. Hence, Shigan Quantum Technologies's P/B Ratio of today is 2.97.

Shigan Quantum Technologies Price-to-Tangible-Book Historical Data

The historical data trend for Shigan Quantum Technologies'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.

Shigan Quantum Technologies Price-to-Tangible-Book Chart

Shigan Quantum Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

2.42

Shigan Quantum Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	2.81	2.42	3.41

Competitive Comparison of Shigan Quantum Technologies's Price-to-Tangible-Book

For the Auto Parts subindustry, Shigan Quantum Technologies'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.

Shigan Quantum Technologies's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Shigan Quantum Technologies's Price-to-Tangible-Book falls into.

Shigan Quantum Technologies Price-to-Tangible-Book Calculation

Shigan Quantum Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	107.10	/	35.176
	=	3.04

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.

Shigan Quantum Technologies Price-to-Tangible-Book Related Terms

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

Shigan Quantum Technologies (NSE:SHIGAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shigan Quantum Technologies Ltd (NSE:SHIGAN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alier Bhangrola Road, Shyam Udyog Parisar, IMT Manesa, Gurugram, HR, IND, 122052

Website

https://www.shigan-quantum.com

Shigan Quantum Technologies Ltd is engaged in the business of designing, developing, and manufacturing a variety of Alternate Fuel Systems Components including Compressed Natural Gas, Liquefied natural gas, Hydrogen Fuel Kit systems for original equipment manufacturer suppliers to auto industries The company manufactures Alternate Fuel Systems for heavy duty vehicles, light duty vehicles, and off- highway applications.

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