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RAM Essential Services Property Fund (ASX:REP) Price-to-Tangible-Book : 0.68 (As of May. 23, 2024)


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What is RAM Essential Services Property Fund Price-to-Tangible-Book?

As of today (2024-05-23), RAM Essential Services Property Fund's share price is A$0.625. RAM Essential Services Property Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.92. Hence, RAM Essential Services Property Fund's Price to Tangible Book Ratio of today is 0.68.

The historical rank and industry rank for RAM Essential Services Property Fund's Price-to-Tangible-Book or its related term are showing as below:

ASX:REP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.67   Med: 0.74   Max: 1
Current: 0.68

During the past 2 years, RAM Essential Services Property Fund's highest Price to Tangible Book Ratio was 1.00. The lowest was 0.67. And the median was 0.74.

ASX:REP's Price-to-Tangible-Book is ranked better than
83.56% of 1624 companies
in the Asset Management industry
Industry Median: 0.96 vs ASX:REP: 0.68

A closely related ratio is called PB Ratio. As of today, RAM Essential Services Property Fund's share price is A$0.625. RAM Essential Services Property Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.92. Hence, RAM Essential Services Property Fund's P/B Ratio of today is 0.68.

RAM Essential Services Property Fund Price-to-Tangible-Book Historical Data

The historical data trend for RAM Essential Services Property 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.

RAM Essential Services Property Fund Price-to-Tangible-Book Chart

RAM Essential Services Property Fund Annual Data
Trend Jun22 Jun23
Price-to-Tangible-Book
0.74 0.72

RAM Essential Services Property Fund Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book 1.00 0.74 0.70 0.72 0.78

Competitive Comparison of RAM Essential Services Property Fund's Price-to-Tangible-Book

For the Asset Management subindustry, RAM Essential Services Property 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.

RAM Essential Services Property Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where RAM Essential Services Property Fund's Price-to-Tangible-Book falls into.


RAM Essential Services Property Fund Price-to-Tangible-Book Calculation

RAM Essential Services Property Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=0.625/0.915
=0.68

* 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.

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.

RAM Essential Services Property Fund Price-to-Tangible-Book Related Terms

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

RAM Essential Services Property Fund (ASX:REP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RAM Essential Services Property Fund (ASX:REP) » Definitions » Price-to-Tangible-Book
Comparable Companies
ASX:GDC ASX:FID ASX:ENN ASX:EZL ASX:QVE ASX:WMA ASX:GVF ASX:TGF ASX:TGP ASX:WAX BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Australia Square 264 George Street, Suite 3201, Level 32, Sydney, NSW, AUS, 2000
Website
https://www.ramgroup.com
RAM Essential Services Property Fund invests in high-quality Australian medical and essential retail real estate assets, leased to essential services tenants. Its objective is to provide investors with stable and secure income with the potential for both income and capital growth through exposure to high quality, defensive portfolio of assets with favourable sector trends.

RAM Essential Services Property Fund (ASX:REP) Headlines

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