Essential Utilities (FRA:A2A) Price-to-Tangible-Book : 2.88 (As of May. 03, 2024)

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What is Essential Utilities Price-to-Tangible-Book?

As of today (2024-05-03), Essential Utilities's share price is €34.27. Essential Utilities's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €11.92. Hence, Essential Utilities's Price to Tangible Book Ratio of today is 2.88.

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

FRA:A2A' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.71 Med: 3.11 Max: 4.93
Current: 2.9

During the past 13 years, Essential Utilities's highest Price to Tangible Book Ratio was 4.93. The lowest was 2.71. And the median was 3.11.

FRA:A2A's Price-to-Tangible-Book is ranked worse than
73.67% of 471 companies
in the Utilities - Regulated industry
Industry Median: 1.8 vs FRA:A2A: 2.90

A closely related ratio is called PB Ratio. As of today, Essential Utilities's share price is €34.27. Essential Utilities's Book Value per Sharefor the quarter that ended in Dec. 2023 was €19.78. Hence, Essential Utilities's P/B Ratio of today is 1.73.

Essential Utilities Price-to-Tangible-Book Historical Data

The historical data trend for Essential Utilities'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.

Essential Utilities Price-to-Tangible-Book Chart

Essential Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.63

4.70

4.66

4.08

2.82

Essential Utilities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															4.08	3.49	3.19	2.63	2.82

Competitive Comparison of Essential Utilities's Price-to-Tangible-Book

For the Utilities - Regulated Water subindustry, Essential Utilities'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.

Essential Utilities's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Essential Utilities's Price-to-Tangible-Book distribution charts can be found below:

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

Essential Utilities Price-to-Tangible-Book Calculation

Essential Utilities's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	34.27	/	11.918
	=	2.88

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.

Essential Utilities Price-to-Tangible-Book Related Terms

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

Essential Utilities (FRA:A2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Essential Utilities Inc (FRA:A2A) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

WTRG:USA A2A:Germany

Address

762 West Lancaster Avenue, Bryn Mawr, PA, USA, 19010-3489

Website

https://www.essential.co

Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 700,000 gas distribution customers in Pennsylvania and Kentucky. Essential exited its noncore competitive water and energy services businesses.

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