Tokyo Gas Co (Tokyo Gas Co) Price-to-Tangible-Book : 1.38 (As of Apr. 28, 2024)

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What is Tokyo Gas Co Price-to-Tangible-Book?

As of today (2024-04-28), Tokyo Gas Co's share price is $22.665. Tokyo Gas Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $16.48. Hence, Tokyo Gas Co's Price to Tangible Book Ratio of today is 1.38.

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

TKGSF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.87 Med: 1.26 Max: 1.98
Current: 1.41

During the past 13 years, Tokyo Gas Co's highest Price to Tangible Book Ratio was 1.98. The lowest was 0.87. And the median was 1.26.

TKGSF's Price-to-Tangible-Book is ranked better than
60.3% of 471 companies
in the Utilities - Regulated industry
Industry Median: 1.78 vs TKGSF: 1.41

A closely related ratio is called PB Ratio. As of today, Tokyo Gas Co's share price is $22.665. Tokyo Gas Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was $28.82. Hence, Tokyo Gas Co's P/B Ratio of today is 0.79.

Tokyo Gas Co Price-to-Tangible-Book Historical Data

The historical data trend for Tokyo Gas 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.

Tokyo Gas Co Price-to-Tangible-Book Chart

Tokyo Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.99

1.13

1.05

0.86

1.34

Tokyo Gas Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.86	1.04	1.00	1.35	1.34

Competitive Comparison of Tokyo Gas Co's Price-to-Tangible-Book

For the Utilities - Regulated Gas subindustry, Tokyo Gas 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.

Tokyo Gas Co's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tokyo Gas Co's Price-to-Tangible-Book distribution charts can be found below:

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

Tokyo Gas Co Price-to-Tangible-Book Calculation

Tokyo Gas 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 )
	=	22.665	/	16.476
	=	1.38

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.

Tokyo Gas Co Price-to-Tangible-Book Related Terms

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

Tokyo Gas Co (Tokyo Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tokyo Gas Co Ltd (OTCPK:TKGSF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TKGSY:USA 9531:Japan TOG:Germany

Address

1-5-20 Kaigan Minato-ku, Tokyo, JPN, 105-8527

Website

http://www.tokyo-gas.co.jp

Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.

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