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Foresight Solar Fund (LSE:FSFL) Price-to-Tangible-Book : 0.76 (As of May. 12, 2024)


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What is Foresight Solar Fund Price-to-Tangible-Book?

As of today (2024-05-12), Foresight Solar Fund's share price is £0.901. Foresight Solar Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £1.18. Hence, Foresight Solar Fund's Price to Tangible Book Ratio of today is 0.76.

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

LSE:FSFL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.76   Med: 0.99   Max: 1.21
Current: 0.76

During the past 10 years, Foresight Solar Fund's highest Price to Tangible Book Ratio was 1.21. The lowest was 0.76. And the median was 0.99.

LSE:FSFL's Price-to-Tangible-Book is ranked better than
78.59% of 1621 companies
in the Asset Management industry
Industry Median: 0.96 vs LSE:FSFL: 0.76

A closely related ratio is called PB Ratio. As of today, Foresight Solar Fund's share price is £0.901. Foresight Solar Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was £1.18. Hence, Foresight Solar Fund's P/B Ratio of today is 0.76.


Foresight Solar Fund Price-to-Tangible-Book Historical Data

The historical data trend for Foresight Solar 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.

Foresight Solar Fund Price-to-Tangible-Book Chart

Foresight Solar Fund Annual Data
Trend Jun14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.21 1.07 0.94 0.94 0.86

Foresight Solar Fund Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.94 0.94 0.94 0.82 0.86

Competitive Comparison of Foresight Solar Fund's Price-to-Tangible-Book

For the Asset Management subindustry, Foresight Solar 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.


Foresight Solar Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Foresight Solar Fund's Price-to-Tangible-Book falls into.



Foresight Solar Fund Price-to-Tangible-Book Calculation

Foresight Solar 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 )
=0.901/1.184
=0.76

* 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.


Foresight Solar Fund Price-to-Tangible-Book Related Terms

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


Foresight Solar Fund (LSE:FSFL) Business Description

Traded in Other Exchanges
Address
The Shard, 32 London Bridge Street, London, JEY, SE1 9SG
Foresight Solar Fund Ltd is a closed-ended company. Its objective is to provide investors with a sustainable, progressive quarterly dividend and enhanced capital value, through investment in ground-based solar assets predominantly located in the UK. The company makes its investments through intermediate holding companies and underlying Project Vehicles/Special Purpose Vehicles (SPVs). It will pursue its investment objective by acquiring ground-based, operational solar power plants predominantly located in the UK.

Foresight Solar Fund (LSE:FSFL) Headlines

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