Rani Zim Shopping Centers (XTAE:RANI) Price-to-Tangible-Book : 0.61 (As of May. 19, 2024)

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What is Rani Zim Shopping Centers Price-to-Tangible-Book?

As of today (2024-05-19), Rani Zim Shopping Centers's share price is ₪3.082. Rani Zim Shopping Centers's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ₪5.03. Hence, Rani Zim Shopping Centers's Price to Tangible Book Ratio of today is 0.61.

The historical rank and industry rank for Rani Zim Shopping Centers's Price-to-Tangible-Book or its related term are showing as below:

XTAE:RANI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.61 Med: 1.09 Max: 1.88
Current: 0.61

During the past 8 years, Rani Zim Shopping Centers's highest Price to Tangible Book Ratio was 1.88. The lowest was 0.61. And the median was 1.09.

XTAE:RANI's Price-to-Tangible-Book is ranked better than
64.44% of 1724 companies
in the Real Estate industry
Industry Median: 0.85 vs XTAE:RANI: 0.61

A closely related ratio is called PB Ratio. As of today, Rani Zim Shopping Centers's share price is ₪3.082. Rani Zim Shopping Centers's Book Value per Sharefor the quarter that ended in Dec. 2023 was ₪5.03. Hence, Rani Zim Shopping Centers's P/B Ratio of today is 0.61.

Rani Zim Shopping Centers Price-to-Tangible-Book Historical Data

The historical data trend for Rani Zim Shopping Centers'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.

Rani Zim Shopping Centers Price-to-Tangible-Book Chart

Rani Zim Shopping Centers Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.42

1.52

1.88

0.76

0.61

Rani Zim Shopping Centers 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															0.76	0.51	0.57	0.61	0.61

Competitive Comparison of Rani Zim Shopping Centers's Price-to-Tangible-Book

For the Real Estate - Diversified subindustry, Rani Zim Shopping Centers'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.

Rani Zim Shopping Centers's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Rani Zim Shopping Centers's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Rani Zim Shopping Centers's Price-to-Tangible-Book falls into.

Rani Zim Shopping Centers Price-to-Tangible-Book Calculation

Rani Zim Shopping Centers's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.082	/	5.026
	=	0.61

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.

Rani Zim Shopping Centers Price-to-Tangible-Book Related Terms

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

Rani Zim Shopping Centers (XTAE:RANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rani Zim Shopping Centers Ltd (XTAE:RANI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Odem Holdings 11, Zim Centers, Rani Zim Group, Kiryat Matalon, Petah Tikva, ISR

Website

http://www.zimcenters.co.il

Rani Zim Shopping Centers Ltd is engaged in the development, construction and management of shopping centers. It operates in the commercial real estate sector through Zim Center and in the retail sector through Office Depot. Its properties include shopping centers in Arad, Netivot, Beit She'an, Ma'alot.