ABL Group ASA (OSL:ABL) Price-to-Tangible-Book : 3.22 (As of May. 21, 2024)

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What is ABL Group ASA Price-to-Tangible-Book?

As of today (2024-05-21), ABL Group ASA's share price is kr12.10. ABL Group ASA's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was kr3.76. Hence, ABL Group ASA's Price to Tangible Book Ratio of today is 3.22.

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

OSL:ABL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.88 Med: 1.75 Max: 4.11
Current: 3.22

During the past 11 years, ABL Group ASA's highest Price to Tangible Book Ratio was 4.11. The lowest was 0.88. And the median was 1.75.

OSL:ABL's Price-to-Tangible-Book is ranked worse than
63.68% of 870 companies
in the Business Services industry
Industry Median: 2.1 vs OSL:ABL: 3.22

A closely related ratio is called PB Ratio. As of today, ABL Group ASA's share price is kr12.10. ABL Group ASA's Book Value per Sharefor the quarter that ended in Dec. 2023 was kr8.62. Hence, ABL Group ASA's P/B Ratio of today is 1.40.

ABL Group ASA Price-to-Tangible-Book Historical Data

The historical data trend for ABL Group ASA'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.

ABL Group ASA Price-to-Tangible-Book Chart

ABL Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.88

2.52

2.86

4.11

3.48

ABL Group ASA Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															4.11	-	4.13	3.62	3.48

Competitive Comparison of ABL Group ASA's Price-to-Tangible-Book

For the Specialty Business Services subindustry, ABL Group ASA'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.

ABL Group ASA's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ABL Group ASA's Price-to-Tangible-Book distribution charts can be found below:

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

ABL Group ASA Price-to-Tangible-Book Calculation

ABL Group ASA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	12.10	/	3.76
	=	3.22

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.

ABL Group ASA Price-to-Tangible-Book Related Terms

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

ABL Group ASA (OSL:ABL) Business Description

Industry

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AQUAo:Sweden

Address

10 Lower Thames Street, 1st Floor, Northern and Shell Building, London, GBR, EC3R 6EN

Website

https://www.abl-group.com

ABL Group ASA is an independent energy and marine consultant working in energy and oceans to de-risk and drive the energy transition across the renewables, maritime, and oil and gas sectors, offering its clients expertise across marine, engineering, and adjusting disciplines from more than 300 locations world wide. It has offices majorly in marine and offshore energy hubs in countries across Europe, Africa, the Americas, the Middle East, Asia, and Australia.