Norrhydro Group Oyj (OHEL:NORRH) Price-to-Tangible-Book : 37.83 (As of May. 29, 2024)

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What is Norrhydro Group Oyj Price-to-Tangible-Book?

As of today (2024-05-29), Norrhydro Group Oyj's share price is €1.74. Norrhydro Group Oyj's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €0.05. Hence, Norrhydro Group Oyj's Price to Tangible Book Ratio of today is 37.83.

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

OHEL:NORRH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 8.28 Med: 11.93 Max: 45.22
Current: 34.8

During the past 5 years, Norrhydro Group Oyj's highest Price to Tangible Book Ratio was 45.22. The lowest was 8.28. And the median was 11.93.

OHEL:NORRH's Price-to-Tangible-Book is ranked worse than
98.8% of 2834 companies
in the Industrial Products industry
Industry Median: 2.12 vs OHEL:NORRH: 34.80

A closely related ratio is called PB Ratio. As of today, Norrhydro Group Oyj's share price is €1.74. Norrhydro Group Oyj's Book Value per Sharefor the quarter that ended in Dec. 2023 was €0.82. Hence, Norrhydro Group Oyj's P/B Ratio of today is 2.13.

Norrhydro Group Oyj Price-to-Tangible-Book Historical Data

The historical data trend for Norrhydro Group Oyj'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.

Norrhydro Group Oyj Price-to-Tangible-Book Chart

Norrhydro Group Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

8.28

11.93

45.22

Norrhydro Group Oyj Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				8.28	6.79	11.93	12.04	45.22

Competitive Comparison of Norrhydro Group Oyj's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, Norrhydro Group Oyj'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.

Norrhydro Group Oyj's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Norrhydro Group Oyj's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Norrhydro Group Oyj's Price-to-Tangible-Book falls into.

Norrhydro Group Oyj Price-to-Tangible-Book Calculation

Norrhydro Group Oyj's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.74	/	0.046
	=	37.83

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.

Norrhydro Group Oyj Price-to-Tangible-Book Related Terms

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Norrhydro Group Oyj (OHEL:NORRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Norrhydro Group Oyj (OHEL:NORRH) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

U7X:Germany

Address

Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100

Website

https://www.norrhydro.com

Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

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