REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Price-to-Tangible-Book : (As of Jun. 09, 2024)

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What is REN-Redes Energeticas Nacionais Sgps Price-to-Tangible-Book?

As of today (2024-06-09), REN-Redes Energeticas Nacionais Sgps's share price is €2.37. REN-Redes Energeticas Nacionais Sgps's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €-3.94. Hence, REN-Redes Energeticas Nacionais Sgps's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for REN-Redes Energeticas Nacionais Sgps's Price-to-Tangible-Book or its related term are showing as below:

XLIS:RENE's Price-to-Tangible-Book is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 1.76
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, REN-Redes Energeticas Nacionais Sgps's share price is €2.37. REN-Redes Energeticas Nacionais Sgps's Book Value per Sharefor the quarter that ended in Dec. 2023 was €2.28. Hence, REN-Redes Energeticas Nacionais Sgps's P/B Ratio of today is 1.04.

REN-Redes Energeticas Nacionais Sgps Price-to-Tangible-Book Historical Data

The historical data trend for REN-Redes Energeticas Nacionais Sgps'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.

REN-Redes Energeticas Nacionais Sgps Price-to-Tangible-Book Chart

REN-Redes Energeticas Nacionais Sgps Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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REN-Redes Energeticas Nacionais Sgps Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Competitive Comparison of REN-Redes Energeticas Nacionais Sgps's Price-to-Tangible-Book

For the Utilities - Diversified subindustry, REN-Redes Energeticas Nacionais Sgps'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.

REN-Redes Energeticas Nacionais Sgps's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, REN-Redes Energeticas Nacionais Sgps's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where REN-Redes Energeticas Nacionais Sgps's Price-to-Tangible-Book falls into.

REN-Redes Energeticas Nacionais Sgps Price-to-Tangible-Book Calculation

REN-Redes Energeticas Nacionais Sgps's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.37	/	-3.937
	=

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.

REN-Redes Energeticas Nacionais Sgps Price-to-Tangible-Book Related Terms

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

REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » REN-Redes Energeticas Nacionais Sgps SA (XLIS:RENE) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

0KBT:UK RN4:Germany

Address

Avenida Estados Unidos da America, 55, Lisbon, PRT, 1749-061

Website

http://www.ren.pt

REN-Redes Energeticas Nacionais Sgps SA is an energy and utilities company designed for the transmission and distributing electricity and natural gas. The company offers services that manage national energy transmission and distribution systems that include the national electric transmission grid (RNT), the national natural gas transportation grid (RNTGN) and the portgás distribution grid, enabling the creation of an Iberian electricity market that will develop the hydrogen corridor in Europe, together with other European TSOs (Enagas, GRTgaz, Terega and OGE).