Crombie Real Estate Investment Trust (Crombie Real Estate Investment Trust) PB Ratio : 1.23 (As of Apr. 30, 2024)

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What is Crombie Real Estate Investment Trust 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 (2024-04-30), Crombie Real Estate Investment Trust's share price is $9.23. Crombie Real Estate Investment Trust's Book Value per Share for the quarter that ended in Dec. 2023 was $7.51. Hence, Crombie Real Estate Investment Trust's PB Ratio of today is 1.23.

Good Sign:

Crombie Real Estate Investment Trust stock PB Ratio (=1.28) is close to 3-year low of 1.17

The historical rank and industry rank for Crombie Real Estate Investment Trust's PB Ratio or its related term are showing as below:

CROMF' s PB Ratio Range Over the Past 10 Years
Min: 1.05 Med: 1.48 Max: 1.99
Current: 1.27

During the past 13 years, Crombie Real Estate Investment Trust's highest PB Ratio was 1.99. The lowest was 1.05. And the median was 1.48.

CROMF's PB Ratio is ranked worse than
82% of 850 companies
in the REITs industry
Industry Median: 0.83 vs CROMF: 1.27

During the past 12 months, Crombie Real Estate Investment Trust's average Book Value Per Share Growth Rate was -2.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 2.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 1.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Crombie Real Estate Investment Trust was 28.10% per year. The lowest was -5.60% per year. And the median was 2.60% per year.

Back to Basics: PB Ratio

Crombie Real Estate Investment Trust PB Ratio Historical Data

The historical data trend for Crombie Real Estate Investment Trust'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.

Crombie Real Estate Investment Trust PB Ratio Chart

Crombie Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.68

1.55

1.86

1.60

1.38

Crombie Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.60	1.44	1.34	1.29	1.38

Competitive Comparison of Crombie Real Estate Investment Trust's PB Ratio

For the REIT - Diversified subindustry, Crombie Real Estate Investment Trust'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.

Crombie Real Estate Investment Trust's PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Crombie Real Estate Investment Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where Crombie Real Estate Investment Trust's PB Ratio falls into.

Crombie Real Estate Investment Trust 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.

Crombie Real Estate Investment Trust's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	9.23	/	7.511
	=	1.23

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.

Crombie Real Estate Investment Trust (OTCPK:CROMF) 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.

Crombie Real Estate Investment Trust PB Ratio Related Terms

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Crombie Real Estate Investment Trust (Crombie Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crombie Real Estate Investment Trust (OTCPK:CROMF) » Definitions » PB Ratio

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CRR.UN:Canada

Address

610 East River Road, Suite 200, New Glasgow, NS, CAN, B2H 3S2

Website

https://www.crombiereit.ca

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada's urban and suburban markets. Crombie's major tenants include retailers such as Sobeys, Shoppers Drug Mart, Cineplex, and Province of Nova Scotia. The company's property portfolio includes Aberdeen Business Centre, Barrington Place, Brunswick Place, Kenmount Business Centre, Barrington Tower, CIBC Building, Amherst Centre, Avalon Mall, County Fair Mall, and others.