Econet Wireless Zimbabwe (XZIM:ECO.ZW) Price-to-Tangible-Book : 0.15 (As of May. 21, 2024)

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What is Econet Wireless Zimbabwe Price-to-Tangible-Book?

As of today (2024-05-21), Econet Wireless Zimbabwe's share price is ZWL134.6916. Econet Wireless Zimbabwe's Tangible Book per Share of Aug. 2023 for the quarter that ended in Aug. 2023 was ZWL871.58. Hence, Econet Wireless Zimbabwe's Price to Tangible Book Ratio of today is 0.15.

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

XZIM:ECO.ZW' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.14 Med: 0.69 Max: 1.85
Current: 0.15

During the past 8 years, Econet Wireless Zimbabwe's highest Price to Tangible Book Ratio was 1.85. The lowest was 0.14. And the median was 0.69.

XZIM:ECO.ZW's Price-to-Tangible-Book is ranked better than
99.29% of 280 companies
in the Telecommunication Services industry
Industry Median: 2.54 vs XZIM:ECO.ZW: 0.15

A closely related ratio is called PB Ratio. As of today, Econet Wireless Zimbabwe's share price is ZWL134.6916. Econet Wireless Zimbabwe's Book Value per Sharefor the quarter that ended in Aug. 2023 was ZWL891.01. Hence, Econet Wireless Zimbabwe's P/B Ratio of today is 0.15.

Econet Wireless Zimbabwe Price-to-Tangible-Book Historical Data

The historical data trend for Econet Wireless Zimbabwe'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.

Econet Wireless Zimbabwe Price-to-Tangible-Book Chart

Econet Wireless Zimbabwe Annual Data

Trend

Feb09

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.42

0.20

0.66

1.51

0.96

Econet Wireless Zimbabwe Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Price-to-Tangible-Book	Get a 7-Day Free Trial										1.85	1.51	1.10	0.96	0.58

Competitive Comparison of Econet Wireless Zimbabwe's Price-to-Tangible-Book

For the Telecom Services subindustry, Econet Wireless Zimbabwe'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.

Econet Wireless Zimbabwe's Price-to-Tangible-Book Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Econet Wireless Zimbabwe's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Econet Wireless Zimbabwe's Price-to-Tangible-Book falls into.

Econet Wireless Zimbabwe Price-to-Tangible-Book Calculation

Econet Wireless Zimbabwe's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Aug. 2023 )
	=	134.6916	/	871.577
	=	0.15

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.

Econet Wireless Zimbabwe Price-to-Tangible-Book Related Terms

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

Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Econet Wireless Zimbabwe Ltd (XZIM:ECO.ZW) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE

Website

http://www.econet.co.zw

Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

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