AREIT Prop (JSE:APO) Price-to-Tangible-Book : 0.32 (As of May. 25, 2024)

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What is AREIT Prop Price-to-Tangible-Book?

As of today (2024-05-25), AREIT Prop's share price is R2.99. AREIT Prop's Tangible Book per Share of Dec. 2022 for the quarter that ended in Dec. 2022 was R9.24. Hence, AREIT Prop's Price to Tangible Book Ratio of today is 0.32.

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

JSE:APO's Price-to-Tangible-Book is not ranked ^*
in the REITs industry.
Industry Median: 0.82
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, AREIT Prop's share price is R2.99. AREIT Prop's Book Value per Sharefor the quarter that ended in Dec. 2022 was R9.24. Hence, AREIT Prop's P/B Ratio of today is 0.32.

AREIT Prop Price-to-Tangible-Book Historical Data

The historical data trend for AREIT Prop'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.

AREIT Prop Price-to-Tangible-Book Chart

AREIT Prop Annual Data

Trend

Dec21

Dec22

Price-to-Tangible-Book

0.65

AREIT Prop Quarterly Data
	Mar22	Jun22	Sep22	Dec22
Price-to-Tangible-Book	0.86	0.78	0.66	0.65

Competitive Comparison of AREIT Prop's Price-to-Tangible-Book

For the REIT - Diversified subindustry, AREIT Prop'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.

AREIT Prop's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, AREIT Prop's Price-to-Tangible-Book distribution charts can be found below:

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

AREIT Prop Price-to-Tangible-Book Calculation

AREIT Prop's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2022 )
	=	2.99	/	9.235
	=	0.32

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.

AREIT Prop Price-to-Tangible-Book Related Terms

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

AREIT Prop (JSE:APO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AREIT Prop Ltd (JSE:APO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cape Town, Cape Town, ZAF

Website

http://www.areitprop.co.za

AREIT Prop Ltd is a property group holding leasehold properties focused on the hospitality and medical sector, allowing investors to gain exposure to the property ?market without the exposure to property-related expenses, risks, and debt.