Advanced Braking Technology (ASX:ABV) Price-to-Tangible-Book : 2.58 (As of May. 17, 2024)

View and export this data going back to 2002. Start your Free Trial

What is Advanced Braking Technology Price-to-Tangible-Book?

As of today (2024-05-17), Advanced Braking Technology's share price is A$0.049. Advanced Braking Technology's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.02. Hence, Advanced Braking Technology's Price to Tangible Book Ratio of today is 2.58.

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

ASX:ABV' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2 Med: 4.26 Max: 50
Current: 2.45

During the past 13 years, Advanced Braking Technology's highest Price to Tangible Book Ratio was 50.00. The lowest was 2.00. And the median was 4.26.

ASX:ABV's Price-to-Tangible-Book is ranked worse than
65.19% of 1198 companies
in the Vehicles & Parts industry
Industry Median: 1.7 vs ASX:ABV: 2.45

A closely related ratio is called PB Ratio. As of today, Advanced Braking Technology's share price is A$0.049. Advanced Braking Technology's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.02. Hence, Advanced Braking Technology's P/B Ratio of today is 2.33.

Advanced Braking Technology Price-to-Tangible-Book Historical Data

The historical data trend for Advanced Braking Technology'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.

Advanced Braking Technology Price-to-Tangible-Book Chart

Advanced Braking Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

5.00

2.22

3.18

2.00

2.24

Advanced Braking Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.00	2.00	2.67	2.24	2.74

Competitive Comparison of Advanced Braking Technology's Price-to-Tangible-Book

For the Auto Parts subindustry, Advanced Braking Technology'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.

Advanced Braking Technology's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Advanced Braking Technology's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Advanced Braking Technology's Price-to-Tangible-Book falls into.

Advanced Braking Technology Price-to-Tangible-Book Calculation

Advanced Braking Technology's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.049	/	0.019
	=	2.58

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.

Advanced Braking Technology Price-to-Tangible-Book Related Terms

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

Advanced Braking Technology (ASX:ABV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Advanced Braking Technology Ltd (ASX:ABV) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

73 Inspiration Drive, Wangara, WA, AUS, 6065

Website

https://www.advancedbraking.com

Advanced Braking Technology Ltd is an Australian firm engaged in the commercialisation, research, development, and manufacture of the ABT Failsafe Brakes, ABT Failsafe Emergency Driveline Brakes, Terra Dura Brakes, and associated braking systems. It develops its product portfolio for a diverse range of industries such as mining, defense, civil construction, and waste management industries. Geographically, the company generates a majority of its revenue from Australia and exports overseas.

Advanced Braking Technology (ASX:ABV) Headlines

No Headlines