Mitsubishi Electric (Mitsubishi Electric) Price-to-Tangible-Book : 1.52 (As of Apr. 27, 2024)

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What is Mitsubishi Electric Price-to-Tangible-Book?

As of today (2024-04-27), Mitsubishi Electric's share price is $32.38. Mitsubishi Electric's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $21.26. Hence, Mitsubishi Electric's Price to Tangible Book Ratio of today is 1.52.

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

MIELY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.95 Med: 1.38 Max: 2.04
Current: 1.62

During the past 13 years, Mitsubishi Electric's highest Price to Tangible Book Ratio was 2.04. The lowest was 0.95. And the median was 1.38.

MIELY's Price-to-Tangible-Book is ranked better than
62.77% of 2823 companies
in the Industrial Products industry
Industry Median: 2.09 vs MIELY: 1.62

A closely related ratio is called PB Ratio. As of today, Mitsubishi Electric's share price is $32.38. Mitsubishi Electric's Book Value per Sharefor the quarter that ended in Dec. 2023 was $22.61. Hence, Mitsubishi Electric's P/B Ratio of today is 1.43.

Mitsubishi Electric Price-to-Tangible-Book Historical Data

The historical data trend for Mitsubishi Electric'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.

Mitsubishi Electric Price-to-Tangible-Book Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.36

1.25

1.37

1.02

1.10

Mitsubishi Electric 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															0.98	1.10	1.33	1.19	1.32

Competitive Comparison of Mitsubishi Electric's Price-to-Tangible-Book

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.

Mitsubishi Electric's Price-to-Tangible-Book Distribution in the Industrial Products Industry

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

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

Mitsubishi Electric Price-to-Tangible-Book Calculation

Mitsubishi Electric's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	32.38	/	21.257
	=	1.52

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.

Mitsubishi Electric Price-to-Tangible-Book Related Terms

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

Mitsubishi Electric (Mitsubishi Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.