WAM Leaders (ASX:WLE) PB Ratio : 1.01 (As of May. 16, 2024)

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What is WAM Leaders 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 (2024-05-16), WAM Leaders's share price is A$1.39. WAM Leaders's Book Value per Share for the quarter that ended in Dec. 2023 was A$1.38. Hence, WAM Leaders's PB Ratio of today is 1.01.

Good Sign:

WAM Leaders Ltd stock PB Ratio (=1.01) is close to 3-year low of 0.95

The historical rank and industry rank for WAM Leaders's PB Ratio or its related term are showing as below:

ASX:WLE' s PB Ratio Range Over the Past 10 Years
Min: 0.74 Med: 1.04 Max: 1.34
Current: 1

During the past 6 years, WAM Leaders's highest PB Ratio was 1.34. The lowest was 0.74. And the median was 1.04.

ASX:WLE's PB Ratio is ranked worse than
57.64% of 1688 companies
in the Asset Management industry
Industry Median: 0.95 vs ASX:WLE: 1.00

During the past 12 months, WAM Leaders's average Book Value Per Share Growth Rate was -2.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 7.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.30% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of WAM Leaders was 7.10% per year. The lowest was 4.40% per year. And the median was 5.00% per year.

Back to Basics: PB Ratio

WAM Leaders PB Ratio Historical Data

The historical data trend for WAM Leaders'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.

WAM Leaders PB Ratio Chart

WAM Leaders Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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0.90

1.16

1.06

1.03

WAM Leaders Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial								1.03	1.06	1.03	1.03	0.99

Competitive Comparison of WAM Leaders's PB Ratio

For the Asset Management subindustry, WAM Leaders'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.

WAM Leaders's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, WAM Leaders's PB Ratio distribution charts can be found below:

* The bar in red indicates where WAM Leaders's PB Ratio falls into.

WAM Leaders 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.

WAM Leaders's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.39	/	1.382
	=	1.01

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.

WAM Leaders (ASX:WLE) 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.

WAM Leaders PB Ratio Related Terms

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

WAM Leaders (ASX:WLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » WAM Leaders Ltd (ASX:WLE) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney, NSW, AUS, 2000

Website

https://www.wilsonassetmanagement.com.au

WAM Leaders Ltd is an investment company. The company invests in ASX-listed companies. Its investment objectives are to deliver a stream of fully franked dividends, provide capital growth over the medium-to-long term, and preserve capital. The Company currently engages in investing activities, including cash, term deposits, and equity investments.

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