Hearts And Minds Investments (ASX:HM1) Price-to-Tangible-Book : 0.84 (As of May. 12, 2024)

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What is Hearts And Minds Investments Price-to-Tangible-Book?

As of today (2024-05-12), Hearts And Minds Investments's share price is A$2.47. Hearts And Minds Investments's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$2.96. Hence, Hearts And Minds Investments's Price to Tangible Book Ratio of today is 0.84.

The historical rank and industry rank for Hearts And Minds Investments's Price-to-Tangible-Book or its related term are showing as below:

ASX:HM1' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.72 Med: 0.93 Max: 1.19
Current: 0.83

During the past 5 years, Hearts And Minds Investments's highest Price to Tangible Book Ratio was 1.19. The lowest was 0.72. And the median was 0.93.

ASX:HM1's Price-to-Tangible-Book is ranked better than
73.29% of 1621 companies
in the Asset Management industry
Industry Median: 0.96 vs ASX:HM1: 0.83

A closely related ratio is called PB Ratio. As of today, Hearts And Minds Investments's share price is A$2.47. Hearts And Minds Investments's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$2.96. Hence, Hearts And Minds Investments's P/B Ratio of today is 0.84.

Hearts And Minds Investments Price-to-Tangible-Book Historical Data

The historical data trend for Hearts And Minds Investments'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.

Hearts And Minds Investments Price-to-Tangible-Book Chart

Hearts And Minds Investments Annual Data

Trend

Oct18

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

0.93

1.10

0.72

0.77

Hearts And Minds Investments Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				1.04	0.72	0.77	0.77	0.82

Competitive Comparison of Hearts And Minds Investments's Price-to-Tangible-Book

For the Asset Management subindustry, Hearts And Minds Investments'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.

Hearts And Minds Investments's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hearts And Minds Investments's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Hearts And Minds Investments's Price-to-Tangible-Book falls into.

Hearts And Minds Investments Price-to-Tangible-Book Calculation

Hearts And Minds Investments's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.47	/	2.956
	=	0.84

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.

Hearts And Minds Investments Price-to-Tangible-Book Related Terms

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

Hearts And Minds Investments (ASX:HM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hearts And Minds Investments Ltd (ASX:HM1) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Chifley Square, Suite 12.04, Level 12, Chifley Tower, Sydney, NSW, AUS, 2000

Website

https://www.heartsandmindsinvestments.com.au

Hearts And Minds Investments Ltd is a listed investment company. The company strives to deliver attractive equity investment returns for shareholders while providing funding for Australian medical research. It derives revenue from dividend income, interest income, and the sale of its investments. Geographically, it has a presence in the United States; Australia; Hong Kong; Germany; Japan; Canada, and the United Kingdom.

Hearts And Minds Investments (ASX:HM1) Headlines

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