Plenti Group (ASX:PLT) Price-to-Tangible-Book : 2.04 (As of May. 14, 2024)

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What is Plenti Group Price-to-Tangible-Book?

As of today (2024-05-14), Plenti Group's share price is A$0.65. Plenti Group's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was A$0.32. Hence, Plenti Group's Price to Tangible Book Ratio of today is 2.04.

The historical rank and industry rank for Plenti Group's Price-to-Tangible-Book or its related term are showing as below:

ASX:PLT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.15 Med: 3.09 Max: 5.68
Current: 2.03

During the past 4 years, Plenti Group's highest Price to Tangible Book Ratio was 5.68. The lowest was 1.15. And the median was 3.09.

ASX:PLT's Price-to-Tangible-Book is ranked worse than
75.35% of 499 companies
in the Credit Services industry
Industry Median: 1.09 vs ASX:PLT: 2.03

A closely related ratio is called PB Ratio. As of today, Plenti Group's share price is A$0.65. Plenti Group's Book Value per Sharefor the quarter that ended in Sep. 2023 was A$0.32. Hence, Plenti Group's P/B Ratio of today is 2.04.

Plenti Group Price-to-Tangible-Book Historical Data

The historical data trend for Plenti Group'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.

Plenti Group Price-to-Tangible-Book Chart

Plenti Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

3.87

3.09

1.44

Plenti Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial			5.68	3.09	1.24	1.44	1.15

Competitive Comparison of Plenti Group's Price-to-Tangible-Book

For the Credit Services subindustry, Plenti Group'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.

Plenti Group's Price-to-Tangible-Book Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Plenti Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Plenti Group's Price-to-Tangible-Book falls into.

Plenti Group Price-to-Tangible-Book Calculation

Plenti Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.65	/	0.318
	=	2.04

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.

Plenti Group Price-to-Tangible-Book Related Terms

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

Plenti Group (ASX:PLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Plenti Group Ltd (ASX:PLT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Martin Place, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.plenti.com.au

Plenti Group Ltd is a technology-led consumer lending and investment company. The company offers loan products under three verticals namely, Automotive lending provides finance to personal and commercial customers for the purchase of new or used motor vehicles; Renewable energy lending provides finance to Australian households for the purchase and installation of renewable energy products such as solar panels and batteries; and Personal lending provides fixed-term, unsecured, interest-bearing loans used for purposes such as debt consolidation, home improvement, travel expenses, major events, medical expenses, and other purposes.

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