As of today (2024-04-23), Equity Residential's share price is $63.10. Equity Residential's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $29.13. Hence, Equity Residential's Price to Tangible Book Ratio of today is 2.17.
The historical rank and industry rank for Equity Residential's Price-to-Tangible-Book or its related term are showing as below:
EQR'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2 Med: 2.36 Max: 3.11
Current: 2.17
During the past 13 years, Equity Residential's highest Price to Tangible Book Ratio was 3.11. The lowest was 2.00. And the median was 2.36.
EQR's Price-to-Tangible-Book is ranked worse than 92.67% of 846
companies
in the REITs industry
Industry Median: 0.84
vs EQR: 2.17
A closely related ratio is called PB Ratio. As of today, Equity Residential's share price is $63.10. Equity Residential's Book Value per Sharefor the quarter that ended in Dec. 2023 was $29.13. Hence, Equity Residential's P/B Ratio of today is 2.17.
Equity Residential Price-to-Tangible-Book Historical Data
The historical data trend for Equity Residential'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.
For the REIT - Residential subindustry, Equity Residential'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.
Equity Residential Price-to-Tangible-Book Distribution
For the REITs industry and Real Estate sector, Equity Residential's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Equity Residential's Price-to-Tangible-Book falls into.
* 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.
Equity Residential Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Equity Residential's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Equity Residential (Equity Residential) Business Description
Equity Residential owns a portfolio of 304 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
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