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Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen fueled proton exchange membrane (PEM) fuel c...
The following section summarizes insights on Plug Power Inc.'s Tangible Book Value:
We've identified the following companies as similar to Plug Power Inc. because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Tangible Book Value in the financials category include:
The book value of common equity less intangible assets.
Plug Power reported tangible book value of 1.649 B for the latest quarter ending December 31, 2024 on its balance sheet.
The tables below summarizes Plug Power’s Tangible Book Value and common size over the last five years:
| Fiscal Year | Tangible Book Value | Assets | % Assets |
|---|---|---|---|
| 2020-12-31 | 1.355 B | 2.251 B | 60.2% |
| 2021-12-31 | 4.227 B | 5.95 B | 71.0% |
| 2022-12-31 | 3.604 B | 5.764 B | 62.5% |
| 2023-12-31 | 2.709 B | 4.903 B | 55.3% |
| 2024-12-31 | 1.649 B | 3.603 B | 45.8% |
The tables below summarizes Plug Power’s Tangible Book Value and common size over the last four quarters:
| Quarter Ending | Tangible Book Value | Assets | % Assets |
|---|---|---|---|
| 2024-03-31 | 2.746 B | 4.847 B | 56.6% |
| 2024-06-30 | 2.81 B | 4.78 B | 58.8% |
| 2024-09-30 | 2.854 B | 4.725 B | 60.4% |
| 2024-12-31 | 1.649 B | 3.603 B | 45.8% |
The chart above depicts the distribution of tangible book value for companies operating in the Industrials sector in the Developed economic region. Over 3,580 companies were considered in this analysis, and 3,440 had meaningful values. The average tangible book value of companies in the sector is 268.6 M with a standard deviation of 780 M.
Plug Power Inc.'s Tangible Book Value of 1.649 B ranks in the 95.2% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,583 |
| Included Constituents | 3,440 |
| Min | -1.891 B |
| Max | 6.882 B |
| Median | 48.798 M |
| Mean | 268.6 M |
| Standard Deviation | 780 M |
You can find companies with similar tangible book value using this stock screener.