Vicinity Centres (ASX:VCX) Price-to-Tangible-Book

: 0.86 (As of Today)

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As of today (2024-04-24), Vicinity Centres's share price is A$1.96. Vicinity Centres's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$2.29. Hence, Vicinity Centres's Price to Tangible Book Ratio of today is 0.86.

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

ASX:VCX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.62 Med: 0.88 Max: 1.28
Current: 0.86

During the past 12 years, Vicinity Centres's highest Price to Tangible Book Ratio was 1.28. The lowest was 0.62. And the median was 0.88.

ASX:VCX's Price-to-Tangible-Book is ranked better than
50.24% of 846 companies
in the REITs industry
Industry Median: 0.84 vs ASX:VCX: 0.86

A closely related ratio is called PB Ratio. As of today, Vicinity Centres's share price is A$1.96. Vicinity Centres's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$2.32. Hence, Vicinity Centres's P/B Ratio of today is 0.84.

Vicinity Centres Price-to-Tangible-Book Historical Data

The historical data trend for Vicinity Centres'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.

Vicinity Centres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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0.84

0.62

0.70

0.78

0.80

Vicinity Centres 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															0.74	0.78	0.86	0.80	0.89

Competitive Comparison

For the REIT - Retail subindustry, Vicinity Centres'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.

Vicinity Centres Price-to-Tangible-Book Distribution

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

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

Vicinity Centres Price-to-Tangible-Book Calculation

Vicinity Centres's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.96	/	2.288
	=	0.86

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.

Vicinity Centres Price-to-Tangible-Book Related Terms

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

Vicinity Centres (ASX:VCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vicinity Centres (ASX:VCX) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CNRAF:USA

Address

1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148

Website

https://www.vicinity.com.au

Vicinity was created after the merger of Federation Centres and Novion in June 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 14 billion. The assets are skewed to large, high-end shopping centres, with about half in major regional malls, a fifth in subregional, 15% in CBD locations, 13% in outlet centres, and 1% in neighbourhood malls.

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