As of today (2024-04-25), Agree Realty's share price is $58.05. Agree Realty's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $41.37. Hence, Agree Realty's Price to Tangible Book Ratio of today is 1.40.
The historical rank and industry rank for Agree Realty's Price-to-Tangible-Book or its related term are showing as below:
ADC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.32 Med: 1.95 Max: 2.69
Current: 1.4
During the past 13 years, Agree Realty's highest Price to Tangible Book Ratio was 2.69. The lowest was 1.32. And the median was 1.95.
ADC's Price-to-Tangible-Book is ranked worse than 85.37% of 841
companies
in the REITs industry
Industry Median: 0.84
vs ADC: 1.40
Agree Realty Price-to-Tangible-Book Historical Data
The historical data trend for Agree Realty'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.
Competitive Comparison of Agree Realty's Price-to-Tangible-Book
For the REIT - Retail subindustry, Agree Realty'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.
Agree Realty's Price-to-Tangible-Book Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Agree Realty's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Agree Realty's Price-to-Tangible-Book falls into.
Agree Realty Price-to-Tangible-Book Calculation
Agree Realty's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
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.
Agree Realty Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Agree Realty's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
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