Land Securities Group (LSE:LAND) Price-to-Tangible-Book : 0.73 (As of Apr. 28, 2024)

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What is Land Securities Group Price-to-Tangible-Book?

As of today (2024-04-28), Land Securities Group's share price is £6.54. Land Securities Group's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was £8.95. Hence, Land Securities Group's Price to Tangible Book Ratio of today is 0.73.

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

LSE:LAND' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.47 Med: 0.69 Max: 0.96
Current: 0.73

During the past 13 years, Land Securities Group's highest Price to Tangible Book Ratio was 0.96. The lowest was 0.47. And the median was 0.69.

LSE:LAND's Price-to-Tangible-Book is ranked better than
61.71% of 841 companies
in the REITs industry
Industry Median: 0.83 vs LSE:LAND: 0.73

A closely related ratio is called PB Ratio. As of today, Land Securities Group's share price is £6.54. Land Securities Group's Book Value per Sharefor the quarter that ended in Sep. 2023 was £8.96. Hence, Land Securities Group's P/B Ratio of today is 0.73.

Land Securities Group Price-to-Tangible-Book Historical Data

The historical data trend for Land Securities 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.

Land Securities Group Price-to-Tangible-Book Chart

Land Securities Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.68

0.47

0.71

0.74

0.66

Land Securities Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.70	0.74	0.51	0.66	0.66

Competitive Comparison of Land Securities Group's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Land Securities 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.

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

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

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

Land Securities Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	6.54	/	8.954
	=	0.73

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.

Land Securities Group Price-to-Tangible-Book Related Terms

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

Land Securities Group (LSE:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Land Securities Group PLC (LSE:LAND) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

LSGOF:USA LDSCY:USA LANDl:UK LSU2:Germany

Address

100 Victoria Street, London, GBR, SW1E 5JL

Website

https://www.landsec.com

Land Securities Group PLC is a real estate investment trust engaged in buying, selling, developing, and managing commercial property in the United Kingdom. The company's real estate portfolio is made up of the office, retail, and leisure spaces in the London and Greater London regions. Office locations in London's West End, offices in the City of London, and shopping centers comprise the majority of the value of Land Securities' total assets. The company derives nearly all of its revenue in the form of rental income from medium- to long-term leases with tenants. Land Securities' overall net rental income is fairly evenly split between revenue from its London office properties and its retail properties in Greater London.