Lar Espana Real Estate Socimi (Lar Espana Real Estate Socimi) Price-to-Tangible-Book : 0.60 (As of Apr. 30, 2024)

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What is Lar Espana Real Estate Socimi Price-to-Tangible-Book?

As of today (2024-04-30), Lar Espana Real Estate Socimi's share price is $6.90. Lar Espana Real Estate Socimi's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was $11.45. Hence, Lar Espana Real Estate Socimi's Price to Tangible Book Ratio of today is 0.60.

The historical rank and industry rank for Lar Espana Real Estate Socimi's Price-to-Tangible-Book or its related term are showing as below:

LAREF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.39 Med: 0.69 Max: 0.99
Current: 0.65

During the past 9 years, Lar Espana Real Estate Socimi's highest Price to Tangible Book Ratio was 0.99. The lowest was 0.39. And the median was 0.69.

LAREF's Price-to-Tangible-Book is ranked better than
71.04% of 839 companies
in the REITs industry
Industry Median: 0.84 vs LAREF: 0.65

A closely related ratio is called PB Ratio. As of today, Lar Espana Real Estate Socimi's share price is $6.90. Lar Espana Real Estate Socimi's Book Value per Sharefor the quarter that ended in Jun. 2023 was $11.45. Hence, Lar Espana Real Estate Socimi's P/B Ratio of today is 0.60.

Lar Espana Real Estate Socimi Price-to-Tangible-Book Historical Data

The historical data trend for Lar Espana Real Estate Socimi'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.

Lar Espana Real Estate Socimi Price-to-Tangible-Book Chart

Lar Espana Real Estate Socimi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

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0.78

0.66

0.46

0.47

0.35

Lar Espana Real Estate Socimi Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Price-to-Tangible-Book	Get a 7-Day Free Trial														0.53	0.47	0.47	0.35	0.52

Competitive Comparison of Lar Espana Real Estate Socimi's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Lar Espana Real Estate Socimi'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.

Lar Espana Real Estate Socimi's Price-to-Tangible-Book Distribution in the REITs Industry

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

* The bar in red indicates where Lar Espana Real Estate Socimi's Price-to-Tangible-Book falls into.

Lar Espana Real Estate Socimi Price-to-Tangible-Book Calculation

Lar Espana Real Estate Socimi's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	6.90	/	11.451
	=	0.60

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.

Lar Espana Real Estate Socimi Price-to-Tangible-Book Related Terms

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

Lar Espana Real Estate Socimi (Lar Espana Real Estate Socimi) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lar Espana Real Estate Socimi SA (OTCPK:LAREF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

LREe:UK 0QRL:UK LRE:Spain

Address

Calle Maria de Molina 39, 10th Floor, Madrid, ESP, 28006

Website

https://www.larespana.com

Lar Espana Real Estate Socimi SA invests in and manages real estate assets, focusing on retail properties throughout Spain, office properties in Madrid & Barcelona, and the possibility of investing opportunistically on residential assets. Its main activity is the acquisition and management of shopping centres, may invest to a lesser extent in other assets for rent or for direct sale (commercial premises, industrial premises, logistics centres, offices and residential products).

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