Tsurumi Manufacturing Co (TSE:6351) Price-to-Tangible-Book : 1.13 (As of May. 14, 2024)

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What is Tsurumi Manufacturing Co Price-to-Tangible-Book?

As of today (2024-05-14), Tsurumi Manufacturing Co's share price is 円3810.00. Tsurumi Manufacturing Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円3,364.90. Hence, Tsurumi Manufacturing Co's Price to Tangible Book Ratio of today is 1.13.

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

TSE:6351' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.61 Med: 0.82 Max: 1.13
Current: 1.13

During the past 13 years, Tsurumi Manufacturing Co's highest Price to Tangible Book Ratio was 1.13. The lowest was 0.61. And the median was 0.82.

TSE:6351's Price-to-Tangible-Book is ranked better than
77.27% of 2829 companies
in the Industrial Products industry
Industry Median: 2.13 vs TSE:6351: 1.13

A closely related ratio is called PB Ratio. As of today, Tsurumi Manufacturing Co's share price is 円3810.00. Tsurumi Manufacturing Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円3,446.00. Hence, Tsurumi Manufacturing Co's P/B Ratio of today is 1.11.

Tsurumi Manufacturing Co Price-to-Tangible-Book Historical Data

The historical data trend for Tsurumi Manufacturing 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.

Tsurumi Manufacturing Co Price-to-Tangible-Book Chart

Tsurumi Manufacturing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.86

0.81

0.70

0.65

0.68

Tsurumi Manufacturing 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															0.67	0.68	0.80	0.92	1.10

Competitive Comparison of Tsurumi Manufacturing Co's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, Tsurumi Manufacturing 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.

Tsurumi Manufacturing Co's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tsurumi Manufacturing Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Tsurumi Manufacturing Co's Price-to-Tangible-Book falls into.

Tsurumi Manufacturing Co Price-to-Tangible-Book Calculation

Tsurumi Manufacturing 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 )
	=	3810.00	/	3364.898
	=	1.13

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.

Tsurumi Manufacturing Co Price-to-Tangible-Book Related Terms

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

Tsurumi Manufacturing Co (TSE:6351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsurumi Manufacturing Co Ltd (TSE:6351) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16-40 Tsurumi, Tsurumi-ku, Osaka-shi, Osaka, JPN, 538-8585

Website

http://www.tsurumipump.co.jp

Tsurumi Manufacturing Co Ltd is a Japan-based company mainly engaged in the manufacture, purchase, sale, lease, rent, and repair of water pumps. The company offers products including submersible and non-submersible construction dewatering pumps, submersible sewage and wastewater pumps, submersible seawater pumps, non-submersible clean water pumps, and other submersible pumps. It also provides liquid ring pumps, water treatment equipment comprising of aeration equipment, scum skimmers, decanters, dehydrators, and screening equipment, portable generators, and liquid level sensors. Additionally, the company's products are used in construction and mining, industrial and energy, agricultural and irrigation, river and flood control, waterworks and wastewater, and environmental protection fields.

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