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Rana Gruber ASA (OSL:RANA) Price-to-Tangible-Book : 3.09 (As of Jun. 07, 2024)


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What is Rana Gruber ASA Price-to-Tangible-Book?

As of today (2024-06-07), Rana Gruber ASA's share price is kr73.00. Rana Gruber ASA's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was kr23.66. Hence, Rana Gruber ASA's Price to Tangible Book Ratio of today is 3.09.

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

OSL:RANA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.3   Med: 3.06   Max: 4.68
Current: 3.09

During the past 7 years, Rana Gruber ASA's highest Price to Tangible Book Ratio was 4.68. The lowest was 2.30. And the median was 3.06.

OSL:RANA's Price-to-Tangible-Book is ranked worse than
87.04% of 602 companies
in the Steel industry
Industry Median: 1.035 vs OSL:RANA: 3.09

A closely related ratio is called PB Ratio. As of today, Rana Gruber ASA's share price is kr73.00. Rana Gruber ASA's Book Value per Sharefor the quarter that ended in Mar. 2024 was kr23.66. Hence, Rana Gruber ASA's P/B Ratio of today is 3.09.


Rana Gruber ASA Price-to-Tangible-Book Historical Data

The historical data trend for Rana Gruber ASA'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.

Rana Gruber ASA Price-to-Tangible-Book Chart

Rana Gruber ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial - - 3.06 2.30 3.29

Rana Gruber ASA Quarterly Data
Dec17 Dec18 Sep19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.79 2.56 2.58 3.29 3.33

Competitive Comparison of Rana Gruber ASA's Price-to-Tangible-Book

For the Steel subindustry, Rana Gruber ASA'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.


Rana Gruber ASA's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rana Gruber ASA's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Rana Gruber ASA's Price-to-Tangible-Book falls into.



Rana Gruber ASA Price-to-Tangible-Book Calculation

Rana Gruber ASA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=73.00/23.656
=3.09

* 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.

It can also be calculated from the numbers for the whole company:

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.


Rana Gruber ASA Price-to-Tangible-Book Related Terms

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


Rana Gruber ASA (OSL:RANA) Business Description

Traded in Other Exchanges
Address
Mjolanveien 29, Mo i Rana, NOR, 8622
Rana Gruber ASA is a sustainable iron ore producer in Norway. It is engaged in the excavating, processing and sale of iron oxide in the form of hematite, magnetite and iron oxide pigments. Hematite is used for iron and steel production in smelting plants in Europe and magnetite is used in industrial water purification processes. The iron ore production takes place at the group's iron ore deposits at Ortfjell as open-pit production and underground operation. It produces and sells iron ore concentrate, and mainly serves steel producers and participants in the chemical industry.The majority of revenue from contracts with customers arise from the sale of hematite products.

Rana Gruber ASA (OSL:RANA) Headlines

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