Russel Metals (Russel Metals) Price-to-Tangible-Book : 1.49 (As of May. 01, 2024)

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What is Russel Metals Price-to-Tangible-Book?

As of today (2024-05-01), Russel Metals's share price is $27.89. Russel Metals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $18.76. Hence, Russel Metals's Price to Tangible Book Ratio of today is 1.49.

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

RUSMF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.25 Med: 1.84 Max: 2.45
Current: 1.52

During the past 13 years, Russel Metals's highest Price to Tangible Book Ratio was 2.45. The lowest was 1.25. And the median was 1.84.

RUSMF's Price-to-Tangible-Book is ranked worse than
55.88% of 136 companies
in the Industrial Distribution industry
Industry Median: 1.31 vs RUSMF: 1.52

A closely related ratio is called PB Ratio. As of today, Russel Metals's share price is $27.89. Russel Metals's Book Value per Sharefor the quarter that ended in Dec. 2023 was $20.24. Hence, Russel Metals's P/B Ratio of today is 1.38.

Russel Metals Price-to-Tangible-Book Historical Data

The historical data trend for Russel Metals'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.

Russel Metals Price-to-Tangible-Book Chart

Russel Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.76

1.89

1.90

1.26

1.83

Russel Metals 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															1.26	1.41	1.49	1.50	1.83

Competitive Comparison of Russel Metals's Price-to-Tangible-Book

For the Industrial Distribution subindustry, Russel Metals'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.

Russel Metals's Price-to-Tangible-Book Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's Price-to-Tangible-Book distribution charts can be found below:

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

Russel Metals Price-to-Tangible-Book Calculation

Russel Metals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	27.89	/	18.758
	=	1.49

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.

Russel Metals Price-to-Tangible-Book Related Terms

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

Russel Metals (Russel Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (OTCPK:RUSMF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

RMZ:Germany RUS:Canada

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.