L1 Long Short Fund (ASX:LSF) Price-to-Tangible-Book : 0.92 (As of May. 27, 2024)

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What is L1 Long Short Fund Price-to-Tangible-Book?

As of today (2024-05-27), L1 Long Short Fund's share price is A$2.68. L1 Long Short Fund's Tangible Book per Share of Dec. 2022 for the quarter that ended in Dec. 2022 was A$2.93. Hence, L1 Long Short Fund's Price to Tangible Book Ratio of today is 0.92.

The historical rank and industry rank for L1 Long Short Fund's Price-to-Tangible-Book or its related term are showing as below:

ASX:LSF's Price-to-Tangible-Book is not ranked ^*
in the Asset Management industry.
Industry Median: 0.96
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, L1 Long Short Fund's share price is A$2.68. L1 Long Short Fund's Book Value per Sharefor the quarter that ended in Dec. 2022 was A$2.93. Hence, L1 Long Short Fund's P/B Ratio of today is 0.92.

L1 Long Short Fund Price-to-Tangible-Book Historical Data

The historical data trend for L1 Long Short Fund'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.

L1 Long Short Fund Price-to-Tangible-Book Chart

L1 Long Short Fund Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Price-to-Tangible-Book

1.02

0.79

0.69

0.98

0.93

L1 Long Short Fund Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Price-to-Tangible-Book	Get a 7-Day Free Trial					0.85	0.98	0.99	0.93	0.95

Competitive Comparison of L1 Long Short Fund's Price-to-Tangible-Book

For the Asset Management subindustry, L1 Long Short Fund'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.

L1 Long Short Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, L1 Long Short Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where L1 Long Short Fund's Price-to-Tangible-Book falls into.

L1 Long Short Fund Price-to-Tangible-Book Calculation

L1 Long Short Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2022 )
	=	2.68	/	2.925
	=	0.92

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.

L1 Long Short Fund Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of L1 Long Short Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

L1 Long Short Fund (ASX:LSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » L1 Long Short Fund Ltd (ASX:LSF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 7, 330 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.l1longshort.com

L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.