Swastik Pipe (NSE:SWASTIK) Price-to-Tangible-Book : 0.82 (As of May. 25, 2024)

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What is Swastik Pipe Price-to-Tangible-Book?

As of today (2024-05-25), Swastik Pipe's share price is ₹73.90. Swastik Pipe's Tangible Book per Share of Mar. 2023 for the quarter that ended in Mar. 2023 was ₹89.67. Hence, Swastik Pipe's Price to Tangible Book Ratio of today is 0.82.

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

NSE:SWASTIK' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.82 Med: 0.88 Max: 0.88
Current: 0.82

During the past 4 years, Swastik Pipe's highest Price to Tangible Book Ratio was 0.88. The lowest was 0.82. And the median was 0.88.

NSE:SWASTIK's Price-to-Tangible-Book is ranked better than
60.96% of 602 companies
in the Steel industry
Industry Median: 1.05 vs NSE:SWASTIK: 0.82

A closely related ratio is called PB Ratio. As of today, Swastik Pipe's share price is ₹73.90. Swastik Pipe's Book Value per Sharefor the quarter that ended in Mar. 2023 was ₹89.67. Hence, Swastik Pipe's P/B Ratio of today is 0.82.

Swastik Pipe Price-to-Tangible-Book Historical Data

The historical data trend for Swastik Pipe'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.

Swastik Pipe Price-to-Tangible-Book Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

0.88

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Price-to-Tangible-Book	-	-	-	0.88

Competitive Comparison of Swastik Pipe's Price-to-Tangible-Book

For the Steel subindustry, Swastik Pipe'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.

Swastik Pipe's Price-to-Tangible-Book Distribution in the Steel Industry

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

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

Swastik Pipe Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2023 )
	=	73.90	/	89.666
	=	0.82

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.

Swastik Pipe Price-to-Tangible-Book Related Terms

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

Swastik Pipe (NSE:SWASTIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

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