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Asia Dragon Trust (LSE:DGN) Price-to-Tangible-Book : 0.97 (As of May. 11, 2024)


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What is Asia Dragon Trust Price-to-Tangible-Book?

As of today (2024-05-11), Asia Dragon Trust's share price is £4.09. Asia Dragon Trust's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was £4.20. Hence, Asia Dragon Trust's Price to Tangible Book Ratio of today is 0.97.

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

LSE:DGN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.84   Med: 0.88   Max: 0.98
Current: 0.97

During the past 13 years, Asia Dragon Trust's highest Price to Tangible Book Ratio was 0.98. The lowest was 0.84. And the median was 0.88.

LSE:DGN's Price-to-Tangible-Book is ranked worse than
51.7% of 1621 companies
in the Asset Management industry
Industry Median: 0.96 vs LSE:DGN: 0.97

A closely related ratio is called PB Ratio. As of today, Asia Dragon Trust's share price is £4.09. Asia Dragon Trust's Book Value per Sharefor the quarter that ended in Feb. 2024 was £4.20. Hence, Asia Dragon Trust's P/B Ratio of today is 0.97.


Asia Dragon Trust Price-to-Tangible-Book Historical Data

The historical data trend for Asia Dragon Trust'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.

Asia Dragon Trust Price-to-Tangible-Book Chart

Asia Dragon Trust Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.88 0.90 0.87 0.84

Asia Dragon Trust Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 0.92 0.87 0.87 0.84 0.84

Competitive Comparison of Asia Dragon Trust's Price-to-Tangible-Book

For the Asset Management subindustry, Asia Dragon Trust'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.


Asia Dragon Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Asia Dragon Trust's Price-to-Tangible-Book falls into.



Asia Dragon Trust Price-to-Tangible-Book Calculation

Asia Dragon Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Feb. 2024 )
=4.09/4.204
=0.97

* 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.


Asia Dragon Trust Price-to-Tangible-Book Related Terms

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


Asia Dragon Trust (LSE:DGN) Business Description

Traded in Other Exchanges
Address
1 George Street, Edinburgh, GBR, EH2 2LL
Asia Dragon Trust PLC is an investment trust located in the United Kingdom. The company's primary objective is to achieve long-term capital growth through investment in the Far East with the exception of Japan and Australasia. Its investments are in stock market principally in large companies whose shares are considered to be attractively priced. The company focuses on diversified investments in various sectors such as Aerospace & Defence, Banks, Automobiles, Construction Materials, Industrial Conglomerates, Real Estate Management & Development, Wireless Telecommunication Services and others. It measures the performance of its portfolio against MSCI All Country Asia (ex-Japan) Index.

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