Ratnaveer Precision Engineering (BOM:543978) Price-to-Tangible-Book : 6.31 (As of May. 26, 2024)

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What is Ratnaveer Precision Engineering Price-to-Tangible-Book?

As of today (2024-05-26), Ratnaveer Precision Engineering's share price is ₹118.25. Ratnaveer Precision Engineering's Tangible Book per Share of Mar. 2023 for the quarter that ended in Mar. 2023 was ₹18.73. Hence, Ratnaveer Precision Engineering's Price to Tangible Book Ratio of today is 6.31.

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

BOM:543978' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0 Med: 0 Max: 6.31
Current: 6.31

During the past 4 years, Ratnaveer Precision Engineering's highest Price to Tangible Book Ratio was 6.31. The lowest was 0.00. And the median was 0.00.

BOM:543978's Price-to-Tangible-Book is ranked worse than
94.52% of 602 companies
in the Steel industry
Industry Median: 1.05 vs BOM:543978: 6.31

A closely related ratio is called PB Ratio. As of today, Ratnaveer Precision Engineering's share price is ₹118.25. Ratnaveer Precision Engineering's Book Value per Sharefor the quarter that ended in Mar. 2023 was ₹21.87. Hence, Ratnaveer Precision Engineering's P/B Ratio of today is 5.41.

Ratnaveer Precision Engineering Price-to-Tangible-Book Historical Data

The historical data trend for Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering Price-to-Tangible-Book Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Ratnaveer Precision Engineering Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Price-to-Tangible-Book	-	-	-	-

Competitive Comparison of Ratnaveer Precision Engineering's Price-to-Tangible-Book

For the Steel subindustry, Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering's Price-to-Tangible-Book Distribution in the Steel Industry

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

* The bar in red indicates where Ratnaveer Precision Engineering's Price-to-Tangible-Book falls into.

Ratnaveer Precision Engineering Price-to-Tangible-Book Calculation

Ratnaveer Precision Engineering's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2023 )
	=	118.25	/	18.732
	=	6.31

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.

Ratnaveer Precision Engineering Price-to-Tangible-Book Related Terms

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

Ratnaveer Precision Engineering (BOM:543978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (BOM:543978) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

RATNAVEER:India

Address

Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering (BOM:543978) Headlines

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