2 Cheap Cars Group (NZSE:2CC) Price-to-Tangible-Book : 1.86 (As of May. 16, 2024)

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What is 2 Cheap Cars Group Price-to-Tangible-Book?

As of today (2024-05-16), 2 Cheap Cars Group's share price is NZ$0.78. 2 Cheap Cars Group's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was NZ$0.42. Hence, 2 Cheap Cars Group's Price to Tangible Book Ratio of today is 1.86.

The historical rank and industry rank for 2 Cheap Cars Group's Price-to-Tangible-Book or its related term are showing as below:

NZSE:2CC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.85 Med: 2.33 Max: 3.38
Current: 1.86

During the past 3 years, 2 Cheap Cars Group's highest Price to Tangible Book Ratio was 3.38. The lowest was 0.85. And the median was 2.33.

NZSE:2CC's Price-to-Tangible-Book is ranked worse than
54.05% of 1199 companies
in the Vehicles & Parts industry
Industry Median: 1.7 vs NZSE:2CC: 1.86

A closely related ratio is called PB Ratio. As of today, 2 Cheap Cars Group's share price is NZ$0.78. 2 Cheap Cars Group's Book Value per Sharefor the quarter that ended in Sep. 2023 was NZ$0.42. Hence, 2 Cheap Cars Group's P/B Ratio of today is 1.86.

2 Cheap Cars Group Price-to-Tangible-Book Historical Data

The historical data trend for 2 Cheap Cars Group'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.

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2 Cheap Cars Group Price-to-Tangible-Book Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Price-to-Tangible-Book

3.38

2.65

0.85

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial			2.63	2.65	1.29	0.85	2.02

Competitive Comparison of 2 Cheap Cars Group's Price-to-Tangible-Book

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.

2 Cheap Cars Group's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Price-to-Tangible-Book falls into.

2 Cheap Cars Group Price-to-Tangible-Book Calculation

2 Cheap Cars Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.78	/	0.42
	=	1.86

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.

2 Cheap Cars Group Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of 2 Cheap Cars Group's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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