Pine Trail REIT (TSXV:PINE.UN) Price-to-Tangible-Book : 0.38 (As of Jun. 04, 2024)

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What is Pine Trail REIT Price-to-Tangible-Book?

As of today (2024-06-04), Pine Trail REIT's share price is C$0.035. Pine Trail REIT's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.09. Hence, Pine Trail REIT's Price to Tangible Book Ratio of today is 0.38.

The historical rank and industry rank for Pine Trail REIT's Price-to-Tangible-Book or its related term are showing as below:

TSXV:PINE.UN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.38 Med: 0.79 Max: 2.05
Current: 0.39

During the past 7 years, Pine Trail REIT's highest Price to Tangible Book Ratio was 2.05. The lowest was 0.38. And the median was 0.79.

TSXV:PINE.UN's Price-to-Tangible-Book is ranked better than
89.88% of 840 companies
in the REITs industry
Industry Median: 0.82 vs TSXV:PINE.UN: 0.39

A closely related ratio is called PB Ratio. As of today, Pine Trail REIT's share price is C$0.035. Pine Trail REIT's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.09. Hence, Pine Trail REIT's P/B Ratio of today is 0.38.

Pine Trail REIT Price-to-Tangible-Book Historical Data

The historical data trend for Pine Trail REIT'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.

Pine Trail REIT Price-to-Tangible-Book Chart

Pine Trail REIT Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.05

0.86

0.72

0.59

0.55

Pine Trail REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.59	0.65	0.54	0.54	0.55

Competitive Comparison of Pine Trail REIT's Price-to-Tangible-Book

For the REIT - Healthcare Facilities subindustry, Pine Trail REIT'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.

Pine Trail REIT's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Pine Trail REIT's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Pine Trail REIT's Price-to-Tangible-Book falls into.

Pine Trail REIT Price-to-Tangible-Book Calculation

Pine Trail REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.035	/	0.091
	=	0.38

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.

Pine Trail REIT Price-to-Tangible-Book Related Terms

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

Pine Trail REIT (TSXV:PINE.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Pine Trail REIT (TSXV:PINE.UN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

161 Bay Street, 27th Floor, Toronto, ON, CAN, M5J 2S1

Website

https://www.pinereit.com

Pine Trail REIT owns and rents a medical office real estate property through its wholly owned subsidiaries. The Picton Property, owned by the trust, is fully occupied by medical practitioners and a pharmacy.

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