Ecofin US Renewables Infrastructure Trust (LSE:RNEW) Price-to-Tangible-Book : 0.65 (As of May. 16, 2024)

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What is Ecofin US Renewables Infrastructure Trust Price-to-Tangible-Book?

As of today (2024-05-16), Ecofin US Renewables Infrastructure Trust's share price is $0.55. Ecofin US Renewables Infrastructure Trust's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.85. Hence, Ecofin US Renewables Infrastructure Trust's Price to Tangible Book Ratio of today is 0.65.

The historical rank and industry rank for Ecofin US Renewables Infrastructure Trust's Price-to-Tangible-Book or its related term are showing as below:

LSE:RNEW' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.62 Med: 0.88 Max: 1
Current: 0.65

During the past 3 years, Ecofin US Renewables Infrastructure Trust's highest Price to Tangible Book Ratio was 1.00. The lowest was 0.62. And the median was 0.88.

LSE:RNEW's Price-to-Tangible-Book is ranked better than
85.13% of 1621 companies
in the Asset Management industry
Industry Median: 0.96 vs LSE:RNEW: 0.65

A closely related ratio is called PB Ratio. As of today, Ecofin US Renewables Infrastructure Trust's share price is $0.55. Ecofin US Renewables Infrastructure Trust's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.85. Hence, Ecofin US Renewables Infrastructure Trust's P/B Ratio of today is 0.65.

Ecofin US Renewables Infrastructure Trust Price-to-Tangible-Book Historical Data

The historical data trend for Ecofin US Renewables Infrastructure 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.

Ecofin US Renewables Infrastructure Trust Price-to-Tangible-Book Chart

Ecofin US Renewables Infrastructure Trust Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.00

0.88

0.66

Ecofin US Renewables Infrastructure Trust Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	1.06	0.88	0.66	0.66

Competitive Comparison of Ecofin US Renewables Infrastructure Trust's Price-to-Tangible-Book

For the Asset Management subindustry, Ecofin US Renewables Infrastructure 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.

Ecofin US Renewables Infrastructure Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Ecofin US Renewables Infrastructure Trust's Price-to-Tangible-Book falls into.

Ecofin US Renewables Infrastructure Trust Price-to-Tangible-Book Calculation

Ecofin US Renewables Infrastructure 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 )
	=	0.55	/	0.852
	=	0.65

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.

Ecofin US Renewables Infrastructure Trust Price-to-Tangible-Book Related Terms

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Ecofin US Renewables Infrastructure Trust (LSE:RNEW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ecofin US Renewables Infrastructure Trust PLC (LSE:RNEW) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

125 London Wall, 6th Floor, London, GBR, EC2Y 5AS

Website

https://www.ecofininvest.com

Ecofin US Renewables Infrastructure Trust PLC is a closed-ended investment company. Its investment objective is to provide its shareholders with an attractive level of current distributions by investing in a diversified portfolio of mixed renewable energy and sustainable infrastructure assets.