Price to Tangible Book Value (P/TBV)
Price to Tangible Book Value (P/TBV) is a financial metric used to evaluate the investment value of a company. It is calculated by dividing the market price of a company's stock by its tangible book value per share.
Tangible book value represents the value of a company's physical assets minus any intangible assets such as patents or trademarks. By dividing the market price by tangible book value, investors can evaluate whether a company's market value is overpriced or undervalued compared to its tangible assets.
A low P/TBV ratio suggests that a company may be undervalued, while a high P/TBV ratio indicates that the market may be overvaluing the company's tangible assets.
Additional Details
| Metric Name | Type | Default Period Type |
|---|---|---|
| price_to_tangible_book | fin_metric | FY |
Formatting Details
| Data Format | Display Format | Unit |
|---|---|---|
| float | number | multiple |