Takasago Thermal Engineering Co (TSE:1969) Price-to-Tangible-Book : 2.50 (As of May. 13, 2024)

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What is Takasago Thermal Engineering Co Price-to-Tangible-Book?

As of today (2024-05-13), Takasago Thermal Engineering Co's share price is 円5440.00. Takasago Thermal Engineering Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円2,178.40. Hence, Takasago Thermal Engineering Co's Price to Tangible Book Ratio of today is 2.50.

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

TSE:1969' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.85 Med: 1.07 Max: 2.5
Current: 2.5

During the past 13 years, Takasago Thermal Engineering Co's highest Price to Tangible Book Ratio was 2.50. The lowest was 0.85. And the median was 1.07.

TSE:1969's Price-to-Tangible-Book is ranked worse than
69.79% of 1506 companies
in the Construction industry
Industry Median: 1.37 vs TSE:1969: 2.50

A closely related ratio is called PB Ratio. As of today, Takasago Thermal Engineering Co's share price is 円5440.00. Takasago Thermal Engineering Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円2,313.42. Hence, Takasago Thermal Engineering Co's P/B Ratio of today is 2.35.

Takasago Thermal Engineering Co Price-to-Tangible-Book Historical Data

The historical data trend for Takasago Thermal Engineering Co'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.

Takasago Thermal Engineering Co Price-to-Tangible-Book Chart

Takasago Thermal Engineering Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.07

0.98

0.95

0.92

1.04

Takasago Thermal Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.91	1.04	1.19	1.38	1.48

Competitive Comparison of Takasago Thermal Engineering Co's Price-to-Tangible-Book

For the Building Products & Equipment subindustry, Takasago Thermal Engineering Co'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.

Takasago Thermal Engineering Co's Price-to-Tangible-Book Distribution in the Construction Industry

For the Construction industry and Industrials sector, Takasago Thermal Engineering Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Takasago Thermal Engineering Co's Price-to-Tangible-Book falls into.

Takasago Thermal Engineering Co Price-to-Tangible-Book Calculation

Takasago Thermal Engineering Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	5440.00	/	2178.396
	=	2.50

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.

Takasago Thermal Engineering Co Price-to-Tangible-Book Related Terms

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Takasago Thermal Engineering Co (TSE:1969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takasago Thermal Engineering Co Ltd (TSE:1969) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

6-27-30, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

http://www.tte-net.co.jp

Takasago Thermal Engineering is a Japan-based company that designs, constructs, manufactures, and installs heating, ventilation, and air conditioning, or HVAC, systems, clean room and related systems, plumbing and sanitation systems, cogeneration systems, electrical systems, instrumentation systems, equipment diagnosis/failure diagnosis systems, dehumidifying/drying systems, vacuum conveying systems for waste, discharged-heat recovery systems, heating/cooling systems, refrigerating/freezing systems, other types of environmental control systems and thermal engineering systems, and so on. In addition, the company is engaged in coordinating construction work, security, and cleaning, with further focuses on energy supply, power generation, and water treatment.

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