Ashirwad Steels & Industries (BOM:526847) Price-to-Tangible-Book : 0.84 (As of May. 25, 2024)

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What is Ashirwad Steels & Industries Price-to-Tangible-Book?

As of today (2024-05-25), Ashirwad Steels & Industries's share price is ₹54.22. Ashirwad Steels & Industries's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ₹64.68. Hence, Ashirwad Steels & Industries's Price to Tangible Book Ratio of today is 0.84.

The historical rank and industry rank for Ashirwad Steels & Industries's Price-to-Tangible-Book or its related term are showing as below:

BOM:526847' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.11 Med: 0.25 Max: 0.84
Current: 0.84

During the past 13 years, Ashirwad Steels & Industries's highest Price to Tangible Book Ratio was 0.84. The lowest was 0.11. And the median was 0.25.

BOM:526847's Price-to-Tangible-Book is ranked better than
60.63% of 602 companies
in the Steel industry
Industry Median: 1.05 vs BOM:526847: 0.84

A closely related ratio is called PB Ratio. As of today, Ashirwad Steels & Industries's share price is ₹54.22. Ashirwad Steels & Industries's Book Value per Sharefor the quarter that ended in Mar. 2024 was ₹64.68. Hence, Ashirwad Steels & Industries's P/B Ratio of today is 0.84.

Ashirwad Steels & Industries Price-to-Tangible-Book Historical Data

The historical data trend for Ashirwad Steels & Industries'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.

Ashirwad Steels & Industries Price-to-Tangible-Book Chart

Ashirwad Steels & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.20

0.23

0.32

0.30

0.60

Ashirwad Steels & Industries 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															0.30	-	0.46	-	0.60

Competitive Comparison of Ashirwad Steels & Industries's Price-to-Tangible-Book

For the Steel subindustry, Ashirwad Steels & Industries'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.

Ashirwad Steels & Industries's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashirwad Steels & Industries's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Ashirwad Steels & Industries's Price-to-Tangible-Book falls into.

Ashirwad Steels & Industries Price-to-Tangible-Book Calculation

Ashirwad Steels & Industries's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	54.22	/	64.68
	=	0.84

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.

Ashirwad Steels & Industries Price-to-Tangible-Book Related Terms

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Ashirwad Steels & Industries (BOM:526847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashirwad Steels & Industries Ltd (BOM:526847) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

6, Waterloo Street, 5th Floor, Suite No. 506, Kolkata, WB, IND, 700069

Website

https://www.ashirwadsteels.com

Ashirwad Steels & Industries Ltd is an Indian based company that operates in the sponge iron business. It is involved in the manufacturing of sponge iron using iron-ore and coal as the raw materials. The sponge iron is used as input by the steel melting shops to produce ingots and billets which are thereafter re-rolled by the rolling mills to produce end steel products like Rods, Bars, Plain Rounds, Angles, Flats, Channels, Girders and others. Geographically, the business activity is carried out through the region of India and derives revenue through the sale of products.

Ashirwad Steels & Industries (BOM:526847) Headlines

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