Nichias (TSE:5393) Price-to-Tangible-Book : 1.44 (As of May. 16, 2024)

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What is Nichias Price-to-Tangible-Book?

As of today (2024-05-16), Nichias's share price is 円4350.00. Nichias's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was 円3,015.25. Hence, Nichias's Price to Tangible Book Ratio of today is 1.44.

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

TSE:5393' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.03 Med: 1.19 Max: 1.68
Current: 1.44

During the past 13 years, Nichias's highest Price to Tangible Book Ratio was 1.68. The lowest was 1.03. And the median was 1.19.

TSE:5393's Price-to-Tangible-Book is ranked worse than
58.28% of 477 companies
in the Conglomerates industry
Industry Median: 1.18 vs TSE:5393: 1.44

A closely related ratio is called PB Ratio. As of today, Nichias's share price is 円4350.00. Nichias's Book Value per Sharefor the quarter that ended in Mar. 2024 was 円3,039.24. Hence, Nichias's P/B Ratio of today is 1.43.

Nichias Price-to-Tangible-Book Historical Data

The historical data trend for Nichias'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.

Nichias Price-to-Tangible-Book Chart

Nichias Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.07

1.39

1.10

1.03

1.35

Nichias Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.03	1.12	1.10	1.19	1.35

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

For the Conglomerates subindustry, Nichias'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.

Nichias's Price-to-Tangible-Book Distribution in the Conglomerates Industry

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

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

Nichias Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	4350.00	/	3015.254
	=	1.44

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.

Nichias Price-to-Tangible-Book Related Terms

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

Nichias (TSE:5393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nichias Corp (TSE:5393) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NICFF:USA

Address

6-1, Hatchobori 1-chome, Chuo-ku, Tokyo, JPN, 104-8555

Website

http://www.nichias.co.jp

Nichias Corp is engaged in five businesses, each contributing between roughly 10% and 30% of the company's total revenue. Energy and Industrial Plants, the largest business by sales, provides engineering services and products to energy plant customers that have construction and maintenance needs. Industrial Products provides a wide range of products to the infrastructure industry. Autoparts provides heat-proofing and sound-proofing products to automobile and automobile parts manufacturers. Building Materials supplies and installs fireproof building materials for residences and buildings. Advanced Products, the smallest business, provides components and materials for semiconductors to electronics-related industries. Nearly all the company's sales are in Asia, with more than 80% from Japan.

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