Ahresty (TSE:5852) Price-to-Tangible-Book : 0.29 (As of Jun. 05, 2024)

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What is Ahresty Price-to-Tangible-Book?

As of today (2024-06-05), Ahresty's share price is 円691.00. Ahresty's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円2,361.45. Hence, Ahresty's Price to Tangible Book Ratio of today is 0.29.

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

TSE:5852' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.16 Med: 0.31 Max: 0.59
Current: 0.29

During the past 13 years, Ahresty's highest Price to Tangible Book Ratio was 0.59. The lowest was 0.16. And the median was 0.31.

TSE:5852's Price-to-Tangible-Book is ranked better than
98.3% of 2823 companies
in the Industrial Products industry
Industry Median: 2.03 vs TSE:5852: 0.29

A closely related ratio is called PB Ratio. As of today, Ahresty's share price is 円691.00. Ahresty's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円2,427.10. Hence, Ahresty's P/B Ratio of today is 0.28.

Ahresty Price-to-Tangible-Book Historical Data

The historical data trend for Ahresty'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.

Ahresty Price-to-Tangible-Book Chart

Ahresty Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.28

0.16

0.23

0.19

0.24

Ahresty 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															0.20	0.24	0.31	0.37	0.30

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

For the Metal Fabrication subindustry, Ahresty'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.

Ahresty's Price-to-Tangible-Book Distribution in the Industrial Products Industry

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

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

Ahresty Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	691.00	/	2361.452
	=	0.29

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.

Ahresty Price-to-Tangible-Book Related Terms

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

Ahresty (TSE:5852) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ahresty Corp (TSE:5852) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-38-1, Chuo, Sumitomo-Nakanosakaue Building 11F, Nakano-ku, Tokyo, JPN, 164-0011

Website

http://www.ahresty.co.jp

Ahresty Corp is a Japan-based company engaged in the manufacture of die castings. The company operates in three business segments. Its Die casting business segment is mainly involved in production and sales of auto parts, general engine parts, industrial machinery parts, and dies particularly in Japan, North America, and Asia. The Aluminum business segment is comprised of smelting and sales of aluminum alloy ingots. Its Proprietary products business segment covers marketing access floors and its accessories.

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