As of today (2024-05-06), Hardinge's share price is $18.50. Hardinge's Tangible Book per Share of Mar. 2018 for the quarter that ended in Mar. 2018 was $11.78. Hence, Hardinge's Price to Tangible Book Ratio of today is 1.57.
The historical rank and industry rank for Hardinge's Price-to-Tangible-Book or its related term are showing as below:
HDNG's Price-to-Tangible-Book is not ranked *
in the Industrial Products industry.
Industry Median: 2.14 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Hardinge's share price is $18.50. Hardinge's Book Value per Sharefor the quarter that ended in Mar. 2018 was $14.32. Hence, Hardinge's P/B Ratio of today is 1.29.
Hardinge Price-to-Tangible-Book Historical Data
The historical data trend for Hardinge'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.
Competitive Comparison of Hardinge's Price-to-Tangible-Book
For the Tools & Accessories subindustry, Hardinge'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.
Hardinge's Price-to-Tangible-Book Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hardinge's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Hardinge's Price-to-Tangible-Book falls into.
Hardinge Price-to-Tangible-Book Calculation
Hardinge's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
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.
Hardinge Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Hardinge's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Hardinge Inc is a machine tool manufacturer. It designs and manufactures computer-numerically controlled cutting lathes, machining centers, grinding machines, collets, chucks, index fixtures and other industrial products. The company operates through two reportable segments, Metalcutting Machine Solutions (MMS) and Aftermarket Tooling and Accessories (ATA). The MMS segment includes high-precision computer controlled metalcutting turning machines, vertical machining centers, horizontal machining centers, grinding machines, and repair parts related to those machines. The Company's ATA segment includes products that are purchased by manufacturers throughout the lives of their machines. The company's products are sold to customers in North America, Europe, and Asia.
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