Grandy House (TSE:8999) Price-to-Tangible-Book : 0.68 (As of Jun. 04, 2024)

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What is Grandy House Price-to-Tangible-Book?

As of today (2024-06-04), Grandy House's share price is 円578.00. Grandy House's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円852.61. Hence, Grandy House's Price to Tangible Book Ratio of today is 0.68.

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

TSE:8999' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.5 Med: 0.65 Max: 0.85
Current: 0.68

During the past 13 years, Grandy House's highest Price to Tangible Book Ratio was 0.85. The lowest was 0.50. And the median was 0.65.

TSE:8999's Price-to-Tangible-Book is ranked better than
59.26% of 1711 companies
in the Real Estate industry
Industry Median: 0.83 vs TSE:8999: 0.68

A closely related ratio is called PB Ratio. As of today, Grandy House's share price is 円578.00. Grandy House's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円882.73. Hence, Grandy House's P/B Ratio of today is 0.65.

Grandy House Price-to-Tangible-Book Historical Data

The historical data trend for Grandy House'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.

Grandy House Price-to-Tangible-Book Chart

Grandy House Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.61

0.50

0.64

Grandy House 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															0.65	0.64	0.70	0.79	0.72

Competitive Comparison of Grandy House's Price-to-Tangible-Book

For the Real Estate Services subindustry, Grandy House'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.

Grandy House's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Grandy House's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Grandy House's Price-to-Tangible-Book falls into.

Grandy House Price-to-Tangible-Book Calculation

Grandy House's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	578.00	/	852.61
	=	0.68

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.

Grandy House Price-to-Tangible-Book Related Terms

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

Grandy House (TSE:8999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grandy House Corp (TSE:8999) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

4-3-18, Odori, Tochigi Prefecture, UTSUNOMIYA, JPN, 3320-081

Website

https://www.grandy.co.jp

Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.

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