Absa Group (Absa Group) Price-to-Tangible-Book

: 0.85 (As of Today)

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As of today (2024-04-23), Absa Group's share price is $14.86. Absa Group's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was $17.40. Hence, Absa Group's Price to Tangible Book Ratio of today is 0.85.

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

AGRPY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.67 Med: 1.32 Max: 1.94
Current: 0.83

During the past 13 years, Absa Group's highest Price to Tangible Book Ratio was 1.94. The lowest was 0.67. And the median was 1.32.

AGRPY's Price-to-Tangible-Book is ranked better than
56.04% of 1440 companies
in the Banks industry
Industry Median: 0.92 vs AGRPY: 0.83

A closely related ratio is called PB Ratio. As of today, Absa Group's share price is $14.86. Absa Group's Book Value per Sharefor the quarter that ended in Jun. 2023 was $19.12. Hence, Absa Group's P/B Ratio of today is 0.78.

Absa Group Price-to-Tangible-Book Historical Data

The historical data trend for Absa 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.

Absa Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

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1.29

1.13

0.90

1.03

1.27

Absa Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.98	1.03	0.99	1.27	1.06

Competitive Comparison

For the Banks - Regional subindustry, Absa 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.

Absa Group Price-to-Tangible-Book Distribution

For the Banks industry and Financial Services sector, Absa Group's Price-to-Tangible-Book distribution charts can be found below:

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

Absa Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	14.86	/	17.404
	=	0.85

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.

Absa Group Price-to-Tangible-Book Related Terms

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

Absa Group (Absa Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absa Group Ltd (OTCPK:AGRPY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ABG:South Africa AGRPF:USA AU61:Germany

Address

15 Troye Street, 7th Floor, Absa Towers West, PO Box 7735, Johannesburg, GT, ZAF, 2000

Website

https://www.absa.africa

Absa Group Ltd is a financial services company that has five main business segments: Product Solutions Cluster, Everyday Banking, Relationship Banking, Absa Regional Operations RBB (ARO RBB), CIB, & Head Office, Treasury, and other operations. The majority is from the Corporate and Investment Bank (CIB) segment which includes prioritized new-to-bank clients across key growth and priority sectors. CIB continued to up-sell and cross-sell new products and services to existing clients. Geographically, the majority is from South Africa.

Absa Group (Absa Group) Headlines

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