Goodman Group (ASX:GMG) Price-to-Tangible-Book : 20.26 (As of Apr. 26, 2024)

View and export this data going back to 2005. Start your Free Trial

What is Goodman Group Price-to-Tangible-Book?

As of today (2024-04-26), Goodman Group's share price is A$30.81. Goodman Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$1.52. Hence, Goodman Group's Price to Tangible Book Ratio of today is 20.26.

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

ASX:GMG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.61 Med: 2.09 Max: 20.63
Current: 20.27

During the past 13 years, Goodman Group's highest Price to Tangible Book Ratio was 20.63. The lowest was 1.61. And the median was 2.09.

ASX:GMG's Price-to-Tangible-Book is ranked worse than
98.84% of 1722 companies
in the Real Estate industry
Industry Median: 0.81 vs ASX:GMG: 20.27

A closely related ratio is called PB Ratio. As of today, Goodman Group's share price is A$30.81. Goodman Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$1.52. Hence, Goodman Group's P/B Ratio of today is 20.26.

Goodman Group Price-to-Tangible-Book Historical Data

The historical data trend for Goodman 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.

Goodman Group Price-to-Tangible-Book Chart

Goodman Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.82

2.54

3.17

2.13

2.20

Goodman Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.44	2.13	1.96	2.20	16.63

Competitive Comparison of Goodman Group's Price-to-Tangible-Book

For the Real Estate - Diversified subindustry, Goodman 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.

Goodman Group's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Goodman Group's Price-to-Tangible-Book distribution charts can be found below:

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

Goodman Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	30.81	/	1.521
	=	20.26

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.

Goodman Group Price-to-Tangible-Book Related Terms

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

Goodman Group (ASX:GMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Goodman Group (ASX:GMG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GMGSF:USA

Address

1-11 Hayes Road, The Hayesbery, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.

Goodman Group (ASX:GMG) Headlines

No Headlines