Rhetan TMT (BOM:543590) Price-to-Tangible-Book : 12.38 (As of May. 17, 2024)

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What is Rhetan TMT Price-to-Tangible-Book?

As of today (2024-05-17), Rhetan TMT's share price is ₹13.46. Rhetan TMT's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ₹1.09. Hence, Rhetan TMT's Price to Tangible Book Ratio of today is 12.38.

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

BOM:543590' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.44 Med: 8.88 Max: 13.84
Current: 12.35

During the past 4 years, Rhetan TMT's highest Price to Tangible Book Ratio was 13.84. The lowest was 2.44. And the median was 8.88.

BOM:543590's Price-to-Tangible-Book is ranked worse than
98.51% of 603 companies
in the Steel industry
Industry Median: 1.05 vs BOM:543590: 12.35

A closely related ratio is called PB Ratio. As of today, Rhetan TMT's share price is ₹13.46. Rhetan TMT's Book Value per Sharefor the quarter that ended in Sep. 2023 was ₹1.09. Hence, Rhetan TMT's P/B Ratio of today is 12.38.

Rhetan TMT Price-to-Tangible-Book Historical Data

The historical data trend for Rhetan TMT'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.

Rhetan TMT Price-to-Tangible-Book Chart

Rhetan TMT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

13.84

Rhetan TMT Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	2.44	13.84	8.88

Competitive Comparison of Rhetan TMT's Price-to-Tangible-Book

For the Steel subindustry, Rhetan TMT'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.

Rhetan TMT's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rhetan TMT's Price-to-Tangible-Book distribution charts can be found below:

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

Rhetan TMT Price-to-Tangible-Book Calculation

Rhetan TMT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	13.46	/	1.087
	=	12.38

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.

Rhetan TMT Price-to-Tangible-Book Related Terms

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

Rhetan TMT (BOM:543590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006

Website

http://www.rhetan.com

Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

Rhetan TMT (BOM:543590) Headlines

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