Platinum Asset Management (ASX:PTM) Price-to-Tangible-Book : 1.88 (As of May. 13, 2024)

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What is Platinum Asset Management Price-to-Tangible-Book?

As of today (2024-05-13), Platinum Asset Management's share price is A$1.05. Platinum Asset Management's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.56. Hence, Platinum Asset Management's Price to Tangible Book Ratio of today is 1.88.

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

ASX:PTM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.88 Med: 8.55 Max: 13.51
Current: 1.88

During the past 13 years, Platinum Asset Management's highest Price to Tangible Book Ratio was 13.51. The lowest was 1.88. And the median was 8.55.

ASX:PTM's Price-to-Tangible-Book is ranked worse than
84.48% of 1624 companies
in the Asset Management industry
Industry Median: 0.96 vs ASX:PTM: 1.88

A closely related ratio is called PB Ratio. As of today, Platinum Asset Management's share price is A$1.05. Platinum Asset Management's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.56. Hence, Platinum Asset Management's P/B Ratio of today is 1.88.

Platinum Asset Management Price-to-Tangible-Book Historical Data

The historical data trend for Platinum Asset Management'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.

Platinum Asset Management Price-to-Tangible-Book Chart

Platinum Asset Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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8.79

6.78

8.31

3.08

3.02

Platinum Asset Management Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															4.58	3.08	3.13	3.02	2.38

Competitive Comparison of Platinum Asset Management's Price-to-Tangible-Book

For the Asset Management subindustry, Platinum Asset Management'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.

Platinum Asset Management's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Platinum Asset Management's Price-to-Tangible-Book falls into.

Platinum Asset Management Price-to-Tangible-Book Calculation

Platinum Asset Management's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.05	/	0.558
	=	1.88

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.

Platinum Asset Management Price-to-Tangible-Book Related Terms

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

Platinum Asset Management (ASX:PTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Platinum Asset Management Ltd (ASX:PTM) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

PIJ:Germany

Address

Level 8, 7 Macquarie Place, Sydney, NSW, AUS, 2000

Website

https://www.platinum.com.au

Platinum Asset Management is an Australian-based niche fund manager with a specialty in international equities founded in 1994. It offers region and industry-specific funds in addition to global portfolios. There is flexibility in the investment strategies at Platinum, with funds having the option to engage in short-selling, taking positions in foreign exchange markets, and derivative-based activities to manage risk and aid performance.