Roland (TSE:7944) Price-to-Tangible-Book : 3.54 (As of May. 13, 2024)

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What is Roland Price-to-Tangible-Book?

As of today (2024-05-13), Roland's share price is 円4345.00. Roland's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was 円1,226.18. Hence, Roland's Price to Tangible Book Ratio of today is 3.54.

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

TSE:7944' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 3.79 Max: 5.97
Current: 3.54

During the past 11 years, Roland's highest Price to Tangible Book Ratio was 5.97. The lowest was 0.97. And the median was 3.79.

TSE:7944's Price-to-Tangible-Book is ranked worse than
69.91% of 668 companies
in the Travel & Leisure industry
Industry Median: 1.89 vs TSE:7944: 3.54

A closely related ratio is called PB Ratio. As of today, Roland's share price is 円4345.00. Roland's Book Value per Sharefor the quarter that ended in Mar. 2024 was 円1,480.09. Hence, Roland's P/B Ratio of today is 2.94.

Roland Price-to-Tangible-Book Historical Data

The historical data trend for Roland'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.

Roland Price-to-Tangible-Book Chart

Roland Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.76

2.92

4.44

3.89

3.45

Roland Quarterly Data
	Mar14	Jun14	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															4.02	3.67	3.54	3.59	3.76

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

For the Leisure subindustry, Roland'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.

Roland's Price-to-Tangible-Book Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Roland's Price-to-Tangible-Book distribution charts can be found below:

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

Roland Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	4345.00	/	1226.175
	=	3.54

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.

Roland Price-to-Tangible-Book Related Terms

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

Roland (TSE:7944) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Roland Corp (TSE:7944) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2036-1 Nakagawa Hosoe-cho, Hamamatsu-shi, Shizuoka, JPN, 431-1304

Website

http://www.roland.co.jp

Roland Corporation is a leisure based goods and services provider in Japan. Its business comprises of the manufacture and sale of electronic musical instruments such as pianos, organs, keyboards, guitar, amplifiers and accessories essential for music creation. The musical instrument production falls under the electronic musical instruments segment, which secures the maximum revenue share for the company. Its other segment is the computer peripherals business. The Computer Peripheral Equipment segment is involved in the development, manufacture, and sale of printers, plotters, and other work machines. Roland Corporation distributes its products predominantly in North America and in Europe and Japan.

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