SolarBank (NEOE:SUNN) Price-to-Tangible-Book : 24.59 (As of May. 11, 2024)

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What is SolarBank Price-to-Tangible-Book?

As of today (2024-05-11), SolarBank's share price is C$8.04. SolarBank's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.33. Hence, SolarBank's Price to Tangible Book Ratio of today is 24.59.

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

NEOE:SUNN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.25 Med: 15.58 Max: 24.59
Current: 24.36

During the past 2 years, SolarBank's highest Price to Tangible Book Ratio was 24.59. The lowest was 4.25. And the median was 15.58.

NEOE:SUNN's Price-to-Tangible-Book is ranked worse than
98.47% of 393 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.48 vs NEOE:SUNN: 24.36

A closely related ratio is called PB Ratio. As of today, SolarBank's share price is C$8.04. SolarBank's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.78. Hence, SolarBank's P/B Ratio of today is 10.32.

SolarBank Price-to-Tangible-Book Historical Data

The historical data trend for SolarBank'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.

SolarBank Price-to-Tangible-Book Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Price-to-Tangible-Book

15.84

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				-	4.25	15.84	15.32	19.27

Competitive Comparison of SolarBank's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, SolarBank'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.

SolarBank's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SolarBank's Price-to-Tangible-Book distribution charts can be found below:

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

SolarBank Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	8.04	/	0.327
	=	24.59

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.

SolarBank Price-to-Tangible-Book Related Terms

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

SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

SolarBank (NEOE:SUNN) Headlines

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