Mitsubishi Chemical Group (TSE:4188) Price-to-Tangible-Book : 2.61 (As of May. 13, 2024)

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What is Mitsubishi Chemical Group Price-to-Tangible-Book?

As of today (2024-05-13), Mitsubishi Chemical Group's share price is 円907.30. Mitsubishi Chemical Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円347.85. Hence, Mitsubishi Chemical Group's Price to Tangible Book Ratio of today is 2.61.

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

TSE:4188' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.04 Med: 2.61 Max: 31.1
Current: 2.61

During the past 13 years, Mitsubishi Chemical Group's highest Price to Tangible Book Ratio was 31.10. The lowest was 1.04. And the median was 2.61.

TSE:4188's Price-to-Tangible-Book is ranked worse than
64.69% of 1487 companies
in the Chemicals industry
Industry Median: 1.86 vs TSE:4188: 2.61

A closely related ratio is called PB Ratio. As of today, Mitsubishi Chemical Group's share price is 円907.30. Mitsubishi Chemical Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円1,196.59. Hence, Mitsubishi Chemical Group's P/B Ratio of today is 0.76.

Mitsubishi Chemical Group Price-to-Tangible-Book Historical Data

The historical data trend for Mitsubishi Chemical Group'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.

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Mitsubishi Chemical Group Price-to-Tangible-Book Chart

Mitsubishi Chemical Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

6.90

21.29

10.80

3.82

2.96

Mitsubishi Chemical Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.05	2.96	2.88	2.73	2.48

Competitive Comparison of Mitsubishi Chemical Group's Price-to-Tangible-Book

For the Specialty Chemicals subindustry, Mitsubishi Chemical Group'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.

Mitsubishi Chemical Group's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsubishi Chemical Group's Price-to-Tangible-Book distribution charts can be found below:

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

Mitsubishi Chemical Group Price-to-Tangible-Book Calculation

Mitsubishi Chemical Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	907.30	/	347.851
	=	2.61

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.

Mitsubishi Chemical Group Price-to-Tangible-Book Related Terms

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

Mitsubishi Chemical Group (TSE:4188) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MTLHY:USA MTLHF:USA M3C:Germany

Address

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251

Website

https://www.mcgc.com

Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

Mitsubishi Chemical Group (TSE:4188) Headlines

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