Hotel Property Investments (ASX:HPI) PB Ratio : 0.84 (As of Jun. 04, 2024)

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What is Hotel Property Investments PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-04), Hotel Property Investments's share price is A$3.32. Hotel Property Investments's Book Value per Share for the quarter that ended in Dec. 2023 was A$3.97. Hence, Hotel Property Investments's PB Ratio of today is 0.84.

The historical rank and industry rank for Hotel Property Investments's PB Ratio or its related term are showing as below:

ASX:HPI' s PB Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.13 Max: 1.56
Current: 0.84

During the past 10 years, Hotel Property Investments's highest PB Ratio was 1.56. The lowest was 0.65. And the median was 1.13.

ASX:HPI's PB Ratio is ranked worse than
52.35% of 850 companies
in the REITs industry
Industry Median: 0.82 vs ASX:HPI: 0.84

During the past 12 months, Hotel Property Investments's average Book Value Per Share Growth Rate was -2.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.00% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Hotel Property Investments was 12.70% per year. The lowest was 4.30% per year. And the median was 10.20% per year.

Back to Basics: PB Ratio

Hotel Property Investments PB Ratio Historical Data

The historical data trend for Hotel Property Investments's PB Ratio 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.

Hotel Property Investments PB Ratio Chart

Hotel Property Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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1.18

0.96

0.97

0.74

0.78

Hotel Property Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.98	0.74	0.88	0.78	0.72

Competitive Comparison of Hotel Property Investments's PB Ratio

For the REIT - Diversified subindustry, Hotel Property Investments's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Hotel Property Investments's PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hotel Property Investments's PB Ratio distribution charts can be found below:

* The bar in red indicates where Hotel Property Investments's PB Ratio falls into.

Hotel Property Investments PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Hotel Property Investments's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	3.32	/	3.971
	=	0.84

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Hotel Property Investments (ASX:HPI) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Hotel Property Investments PB Ratio Related Terms

Thank you for viewing the detailed overview of Hotel Property Investments's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Hotel Property Investments (ASX:HPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hotel Property Investments (ASX:HPI) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 City Road, Suite 2, Level 17, IBM Centre, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.hpitrust.com.au

Hotel Property Investments is an Australian REIT with a portfolio of freehold pub properties primarily in Queensland. Its portfolio is almost exclusively leased to Queensland Venue Co. on triple-net long-term leases where the tenant is responsible for outgoings (except land tax in Queensland), resulting in relatively low maintenance expenses. Most leases also provide for annual rental increases typically at the lower of 4% or two times the average of the last five years consumer price index.