Turners Automotive Group (NZSE:TRA) Price-to-Tangible-Book : 3.05 (As of May. 17, 2024)

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What is Turners Automotive Group Price-to-Tangible-Book?

As of today (2024-05-17), Turners Automotive Group's share price is NZ$4.05. Turners Automotive Group's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was NZ$1.33. Hence, Turners Automotive Group's Price to Tangible Book Ratio of today is 3.05.

The historical rank and industry rank for Turners Automotive Group's Price-to-Tangible-Book or its related term are showing as below:

NZSE:TRA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.98 Med: 4.17 Max: 11.59
Current: 3.05

During the past 13 years, Turners Automotive Group's highest Price to Tangible Book Ratio was 11.59. The lowest was 1.98. And the median was 4.17.

NZSE:TRA's Price-to-Tangible-Book is ranked worse than
72.12% of 1198 companies
in the Vehicles & Parts industry
Industry Median: 1.7 vs NZSE:TRA: 3.05

A closely related ratio is called PB Ratio. As of today, Turners Automotive Group's share price is NZ$4.05. Turners Automotive Group's Book Value per Sharefor the quarter that ended in Sep. 2023 was NZ$3.20. Hence, Turners Automotive Group's P/B Ratio of today is 1.27.

Turners Automotive Group Price-to-Tangible-Book Historical Data

The historical data trend for Turners Automotive Group'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.

Turners Automotive Group Price-to-Tangible-Book Chart

Turners Automotive Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

3.31

1.98

4.33

3.96

2.68

Turners Automotive Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															4.65	3.96	2.99	2.68	2.82

Competitive Comparison of Turners Automotive Group's Price-to-Tangible-Book

For the Auto & Truck Dealerships subindustry, Turners Automotive Group'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.

Turners Automotive Group's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Turners Automotive Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Turners Automotive Group's Price-to-Tangible-Book falls into.

Turners Automotive Group Price-to-Tangible-Book Calculation

Turners Automotive Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	4.05	/	1.328
	=	3.05

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.

Turners Automotive Group Price-to-Tangible-Book Related Terms

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

Turners Automotive Group (NZSE:TRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Automotive Group Ltd (NZSE:TRA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TRA:Australia

Address

Level 5, 70 Shortland Street, PO Box 1232, Auckland, NZL, 1140

Website

https://www.turnersautogroup.co.nz

Turners Automotive Group Ltd is an integrated financial services group, primarily operating in the automotive sector. Business activity generally functions through Automotive Retail, Finance, Insurance, Credit management, Corporate, and Others. The company derives the majority of its revenue from Automotive retail which is engaged in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale and related asset-based finance to consumers. Geographically the group's business activities are located in New Zealand and Australia.

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