ReNew Energy Global (ReNew Energy Global) Price-to-Tangible-Book : 2.77 (As of May. 14, 2024)

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What is ReNew Energy Global Price-to-Tangible-Book?

As of today (2024-05-14), ReNew Energy Global's share price is $6.03. ReNew Energy Global's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $2.18. Hence, ReNew Energy Global's Price to Tangible Book Ratio of today is 2.77.

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

RNW' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.36 Med: 2.54 Max: 3.58
Current: 2.77

During the past 5 years, ReNew Energy Global's highest Price to Tangible Book Ratio was 3.58. The lowest was 2.36. And the median was 2.54.

RNW's Price-to-Tangible-Book is ranked worse than
75.44% of 395 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.46 vs RNW: 2.77

A closely related ratio is called PB Ratio. As of today, ReNew Energy Global's share price is $6.03. ReNew Energy Global's Book Value per Sharefor the quarter that ended in Dec. 2023 was $3.42. Hence, ReNew Energy Global's P/B Ratio of today is 1.77.

ReNew Energy Global Price-to-Tangible-Book Historical Data

The historical data trend for ReNew Energy Global'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.

ReNew Energy Global Price-to-Tangible-Book Chart

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

3.18

2.53

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial											2.53	2.53	2.50	2.36	3.52

Competitive Comparison of ReNew Energy Global's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, ReNew Energy Global'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.

ReNew Energy Global's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

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

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

ReNew Energy Global Price-to-Tangible-Book Calculation

ReNew Energy Global's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	6.03	/	2.178
	=	2.77

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.

ReNew Energy Global Price-to-Tangible-Book Related Terms

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

ReNew Energy Global (ReNew Energy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ReNew Energy Global PLC (NAS:RNW) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

7JU:Germany 7JU:Germany

Address

C/o Vistra (UK) Ltd., 4th Floor 11-12 St. James’ Square, London, GBR, SW1Y 4LB

Website

https://www.renewpower.in

ReNew Energy Global PLC is a Developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The Company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.