Toro (TORO) Price-to-Tangible-Book : 0.49 (As of May. 12, 2024)

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What is Toro Price-to-Tangible-Book?

As of today (2024-05-12), Toro's share price is $4.57. Toro's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $9.31. Hence, Toro's Price to Tangible Book Ratio of today is 0.49.

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

TORO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.49 Med: 0.53 Max: 0.53
Current: 0.49

During the past 3 years, Toro's highest Price to Tangible Book Ratio was 0.53. The lowest was 0.49. And the median was 0.53.

TORO's Price-to-Tangible-Book is ranked better than
90.3% of 876 companies
in the Transportation industry
Industry Median: 1.455 vs TORO: 0.49

A closely related ratio is called PB Ratio. As of today, Toro's share price is $4.57. Toro's Book Value per Sharefor the quarter that ended in Dec. 2023 was $9.31. Hence, Toro's P/B Ratio of today is 0.49.

Toro Price-to-Tangible-Book Historical Data

The historical data trend for Toro'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.

Toro Price-to-Tangible-Book Chart

Toro Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

0.53

Toro Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial					-	0.60	0.59	0.75	0.53

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

For the Marine Shipping subindustry, Toro'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.

Toro's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Toro's Price-to-Tangible-Book distribution charts can be found below:

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

Toro Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.57	/	9.313
	=	0.49

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.

Toro Price-to-Tangible-Book Related Terms

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

Toro (TORO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Toro Corp (NAS:TORO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

D0Y:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.torocorp.com

Toro Corp acquires, owns, charters, and operates oceangoing tanker vessels and provides worldwide seaborne transportation services for crude oil and refined petroleum products. It operates in two reportable segments: the Aframax tanker and Handysize tanker. The company generates maximum revenue from the Aframax tanker segment.