Rights and Issues Inv Trust (LSE:RIII) Price-to-Tangible-Book : 1.02 (As of May. 22, 2024)

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What is Rights and Issues Inv Trust Price-to-Tangible-Book?

As of today (2024-05-22), Rights and Issues Inv Trust's share price is £23.80. Rights and Issues Inv Trust's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £23.37. Hence, Rights and Issues Inv Trust's Price to Tangible Book Ratio of today is 1.02.

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

LSE:RIII' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.15 Med: 0.91 Max: 1.02
Current: 1.02

During the past 13 years, Rights and Issues Inv Trust's highest Price to Tangible Book Ratio was 1.02. The lowest was 0.15. And the median was 0.91.

LSE:RIII's Price-to-Tangible-Book is ranked worse than
60.53% of 1624 companies
in the Asset Management industry
Industry Median: 0.965 vs LSE:RIII: 1.02

A closely related ratio is called PB Ratio. As of today, Rights and Issues Inv Trust's share price is £23.80. Rights and Issues Inv Trust's Book Value per Sharefor the quarter that ended in Dec. 2023 was £23.37. Hence, Rights and Issues Inv Trust's P/B Ratio of today is 1.02.

Rights and Issues Inv Trust Price-to-Tangible-Book Historical Data

The historical data trend for Rights and Issues Inv 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.

Rights and Issues Inv Trust Price-to-Tangible-Book Chart

Rights and Issues Inv Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.98

0.93

0.90

0.83

0.91

Rights and Issues Inv Trust Semi-Annual Data
	Jun14	Dec14	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															0.90	0.90	0.83	0.87	0.91

Competitive Comparison of Rights and Issues Inv Trust's Price-to-Tangible-Book

For the Asset Management subindustry, Rights and Issues Inv 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.

Rights and Issues Inv Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Rights and Issues Inv Trust's Price-to-Tangible-Book falls into.

Rights and Issues Inv Trust Price-to-Tangible-Book Calculation

Rights and Issues Inv Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	23.80	/	23.371
	=	1.02

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.

Rights and Issues Inv Trust Price-to-Tangible-Book Related Terms

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

Rights and Issues Inv Trust (LSE:RIII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Rights and Issues Inv Trust PLC (LSE:RIII) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rodney Way, Hamilton Centre, Chelmsford, Essex, GBR, CM1 3BY

Website

https://www.maitlandgroup.com

Rights and Issues Inv Trust PLC is a self-managed investment trust based in the United Kingdom. The company's objective is to generate long-term returns while managing risk by seeking out undervalued equity investments. The company also places an emphasis on smaller UK-based companies but its portfolio includes securities across all sectors, geographies, and industries.