Mirvac Group (ASX:MGR) Price-to-Tangible-Book : 0.80 (As of Apr. 29, 2024)

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What is Mirvac Group Price-to-Tangible-Book?

As of today (2024-04-29), Mirvac Group's share price is A$2.05. Mirvac Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$2.56. Hence, Mirvac Group's Price to Tangible Book Ratio of today is 0.80.

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

ASX:MGR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.7 Med: 1.05 Max: 1.25
Current: 0.8

During the past 13 years, Mirvac Group's highest Price to Tangible Book Ratio was 1.25. The lowest was 0.70. And the median was 1.05.

ASX:MGR's Price-to-Tangible-Book is ranked better than
54.58% of 841 companies
in the REITs industry
Industry Median: 0.83 vs ASX:MGR: 0.80

A closely related ratio is called PB Ratio. As of today, Mirvac Group's share price is A$2.05. Mirvac Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$2.58. Hence, Mirvac Group's P/B Ratio of today is 0.79.

Mirvac Group Price-to-Tangible-Book Historical Data

The historical data trend for Mirvac Group'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.

Mirvac Group Price-to-Tangible-Book Chart

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.25

0.85

1.09

0.70

0.85

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.05	0.70	0.76	0.85	0.82

Competitive Comparison of Mirvac Group's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Mirvac Group'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.

Mirvac Group's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's Price-to-Tangible-Book distribution charts can be found below:

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

Mirvac Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.05	/	2.559
	=	0.80

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.

Mirvac Group Price-to-Tangible-Book Related Terms

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

Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

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