Diverseome Trust (The) (LSE:DIVI) Price-to-Tangible-Book : 0.99 (As of May. 28, 2024)

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What is Diverseome Trust (The) Price-to-Tangible-Book?

As of today (2024-05-28), Diverseome Trust (The)'s share price is £0.884. Diverseome Trust (The)'s Tangible Book per Share of May. 2023 for the quarter that ended in May. 2023 was £0.89. Hence, Diverseome Trust (The)'s Price to Tangible Book Ratio of today is 0.99.

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

LSE:DIVI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.93 Med: 1 Max: 1.03
Current: 0.99

During the past 12 years, Diverseome Trust (The)'s highest Price to Tangible Book Ratio was 1.03. The lowest was 0.93. And the median was 1.00.

LSE:DIVI's Price-to-Tangible-Book is ranked worse than
56.25% of 1623 companies
in the Asset Management industry
Industry Median: 0.96 vs LSE:DIVI: 0.99

A closely related ratio is called PB Ratio. As of today, Diverseome Trust (The)'s share price is £0.884. Diverseome Trust (The)'s Book Value per Sharefor the quarter that ended in May. 2023 was £0.89. Hence, Diverseome Trust (The)'s P/B Ratio of today is 0.99.

Diverseome Trust (The) Price-to-Tangible-Book Historical Data

The historical data trend for Diverseome Trust (The)'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.

Diverseome Trust (The) Price-to-Tangible-Book Chart

Diverseome Trust (The) Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Price-to-Tangible-Book

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0.93

0.95

1.01

0.93

0.94

Diverseome Trust (The) Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.01	0.98	0.93	0.95	0.94

Competitive Comparison of Diverseome Trust (The)'s Price-to-Tangible-Book

For the Asset Management subindustry, Diverseome Trust (The)'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.

Diverseome Trust (The)'s Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Diverseome Trust (The)'s Price-to-Tangible-Book falls into.

Diverseome Trust (The) Price-to-Tangible-Book Calculation

Diverseome Trust (The)'s price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: May. 2023 )
	=	0.884	/	0.889
	=	0.99

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.

Diverseome Trust (The) Price-to-Tangible-Book Related Terms

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

Diverseome Trust (The) (LSE:DIVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Diverse Income Trust (The) PLC (LSE:DIVI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

DIVIl:UK

Address

Southernhay West, Broadwalk House, Exeter, Devon, GBR, EX1 1TS

Website

https://www.diverseincometrust.com

Diverse Income Trust (The) PLC is a UK-based closed-end investment fund. The company mainly invests in quoted or traded UK companies with a wide range of market capitalizations but a long-term bias toward small and mid-cap equities. It adopts a stock-specific approach in managing the company's portfolio and therefore sector weightings are of secondary consideration. The company also utilizes derivative instruments including index-linked notes, contracts for differences, covered options, and other equity-related derivative instruments for efficient portfolio management, gearing, and investment purposes. Its main objective is to pay shareholders a good and growing dividend income.