As of today (2024-04-28), Encore Wire's share price is $284.89. Encore Wire's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $111.91. Hence, Encore Wire's Price to Tangible Book Ratio of today is 2.55.
The historical rank and industry rank for Encore Wire's Price-to-Tangible-Book or its related term are showing as below:
WIRE'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.37 Med: 1.56 Max: 2.48
Current: 2.48
During the past 13 years, Encore Wire's highest Price to Tangible Book Ratio was 2.48. The lowest was 1.37. And the median was 1.56.
WIRE's Price-to-Tangible-Book is ranked worse than 57.88% of 2823
companies
in the Industrial Products industry
Industry Median: 2.09
vs WIRE: 2.48
Encore Wire Price-to-Tangible-Book Historical Data
The historical data trend for Encore Wire'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.
Competitive Comparison of Encore Wire's Price-to-Tangible-Book
For the Electrical Equipment & Parts subindustry, Encore Wire'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.
Encore Wire's Price-to-Tangible-Book Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Encore Wire's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Encore Wire's Price-to-Tangible-Book falls into.
Encore Wire Price-to-Tangible-Book Calculation
Encore Wire's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
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.
Encore Wire Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Encore Wire's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Encore Wire Corp is engaged in manufacturing electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The company's principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. Encore offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2, and other types of wire products, including tray cable, metal-clad, and armored cable.
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