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Gladstone Land (Gladstone Land) Price-to-Tangible-Book : 0.64 (As of Apr. 29, 2024)


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What is Gladstone Land Price-to-Tangible-Book?

As of today (2024-04-29), Gladstone Land's share price is $12.72. Gladstone Land's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $19.95. Hence, Gladstone Land's Price to Tangible Book Ratio of today is 0.64.

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

LAND' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.64   Med: 1.17   Max: 1.98
Current: 0.64

During the past 13 years, Gladstone Land's highest Price to Tangible Book Ratio was 1.98. The lowest was 0.64. And the median was 1.17.

LAND's Price-to-Tangible-Book is ranked better than
72.23% of 839 companies
in the REITs industry
Industry Median: 0.83 vs LAND: 0.64

A closely related ratio is called PB Ratio. As of today, Gladstone Land's share price is $12.72. Gladstone Land's Book Value per Sharefor the quarter that ended in Dec. 2023 was $20.08. Hence, Gladstone Land's P/B Ratio of today is 0.63.


Gladstone Land Price-to-Tangible-Book Historical Data

The historical data trend for Gladstone Land'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.

Gladstone Land Price-to-Tangible-Book Chart

Gladstone Land Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 1.01 1.98 0.89 0.72

Gladstone Land 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 0.82 0.80 0.70 0.72

Competitive Comparison of Gladstone Land's Price-to-Tangible-Book

For the REIT - Specialty subindustry, Gladstone Land'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.


Gladstone Land's Price-to-Tangible-Book Distribution in the REITs Industry

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

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



Gladstone Land Price-to-Tangible-Book Calculation

Gladstone Land's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=12.72/19.946
=0.64

* 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.

It can also be calculated from the numbers for the whole company:

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.


Gladstone Land Price-to-Tangible-Book Related Terms

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


Gladstone Land (Gladstone Land) Business Description

Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).
Executives
Paula Novara director 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Caren D Merrick director 1521 WESTBRANCH, SUITE 100, MCLEAN VA 22102
Michela A English director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Michael Licalsi other: Internal Counsel and Secretary 1521 WESTBRANCH DR., MCLEAN VA 22102
Lewis Parrish officer: CFO 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Paul W Adelgren director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
David Gladstone director, 10 percent owner, officer: Chief Executive Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Jay Beckhorn officer: Treasurer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Walter H Wilkinson director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
John Dellafiora other: Chief Compliance Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Jennifer A Smith officer: Valuation Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Terry Earhart director 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
John Reilly director 1521 WESTBRANCH DR., STE. 200, MCLEAN VA 22102
Anthony W Parker director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
John H Outland director