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Ashika Credit Capital (BOM:543766) Price-to-Tangible-Book : 1.01 (As of May. 25, 2024)


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What is Ashika Credit Capital Price-to-Tangible-Book?

As of today (2024-05-25), Ashika Credit Capital's share price is ₹58.02. Ashika Credit Capital's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ₹57.31. Hence, Ashika Credit Capital's Price to Tangible Book Ratio of today is 1.01.

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

BOM:543766' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.47   Med: 0.86   Max: 1.19
Current: 1.01

During the past 13 years, Ashika Credit Capital's highest Price to Tangible Book Ratio was 1.19. The lowest was 0.47. And the median was 0.86.

BOM:543766's Price-to-Tangible-Book is ranked better than
61.98% of 726 companies
in the Capital Markets industry
Industry Median: 1.36 vs BOM:543766: 1.01

A closely related ratio is called PB Ratio. As of today, Ashika Credit Capital's share price is ₹58.02. Ashika Credit Capital's Book Value per Sharefor the quarter that ended in Mar. 2024 was ₹57.31. Hence, Ashika Credit Capital's P/B Ratio of today is 1.01.


Ashika Credit Capital Price-to-Tangible-Book Historical Data

The historical data trend for Ashika Credit Capital'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.

Ashika Credit Capital Price-to-Tangible-Book Chart

Ashika Credit Capital Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.98 0.86 0.82 1.19

Ashika Credit Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 - 0.64 - 1.19

Competitive Comparison of Ashika Credit Capital's Price-to-Tangible-Book

For the Capital Markets subindustry, Ashika Credit Capital'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.


Ashika Credit Capital's Price-to-Tangible-Book Distribution in the Capital Markets Industry

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

* The bar in red indicates where Ashika Credit Capital's Price-to-Tangible-Book falls into.



Ashika Credit Capital Price-to-Tangible-Book Calculation

Ashika Credit Capital's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=58.02/57.307
=1.01

* 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:

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.


Ashika Credit Capital Price-to-Tangible-Book Related Terms

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


Ashika Credit Capital (BOM:543766) Business Description

Traded in Other Exchanges
N/A
Address
1008, Raheja Centre, 10th Floor, 214, Nariman Point, Mumbai, IND, 400021
Ashika Credit Capital Ltd is a non-deposit-taking non-banking financial corporation actively engaged in fund-based activities in India including providing Loans and advances, inter-corporate deposit, restructuring finance. The Company is primarily engaged in a single reportable segment of Financial Services. It offers retail broking, institutional equity, lending, investment banking, wealth management, and asset management services to its clients.

Ashika Credit Capital (BOM:543766) Headlines

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