Morguard Real Estate Investment Trust (Morguard Real Estate Investment Trust) Price-to-Tangible-Book : 0.35 (As of Apr. 28, 2024)

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What is Morguard Real Estate Investment Trust Price-to-Tangible-Book?

As of today (2024-04-28), Morguard Real Estate Investment Trust's share price is $3.93. Morguard Real Estate Investment Trust's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $11.15. Hence, Morguard Real Estate Investment Trust's Price to Tangible Book Ratio of today is 0.35.

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

MGRUF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.3 Med: 0.46 Max: 0.7
Current: 0.36

During the past 13 years, Morguard Real Estate Investment Trust's highest Price to Tangible Book Ratio was 0.70. The lowest was 0.30. And the median was 0.46.

MGRUF's Price-to-Tangible-Book is ranked better than
92.27% of 841 companies
in the REITs industry
Industry Median: 0.83 vs MGRUF: 0.36

A closely related ratio is called PB Ratio. As of today, Morguard Real Estate Investment Trust's share price is $3.93. Morguard Real Estate Investment Trust's Book Value per Sharefor the quarter that ended in Dec. 2023 was $11.15. Hence, Morguard Real Estate Investment Trust's P/B Ratio of today is 0.35.

Morguard Real Estate Investment Trust Price-to-Tangible-Book Historical Data

The historical data trend for Morguard Real Estate Investment Trust'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.

Morguard Real Estate Investment Trust Price-to-Tangible-Book Chart

Morguard Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.47

0.30

0.31

0.32

0.36

Morguard Real Estate Investment Trust 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															0.32	0.33	0.33	0.36	0.36

Competitive Comparison of Morguard Real Estate Investment Trust's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Morguard Real Estate Investment Trust'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.

Morguard Real Estate Investment Trust's Price-to-Tangible-Book Distribution in the REITs Industry

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

* The bar in red indicates where Morguard Real Estate Investment Trust's Price-to-Tangible-Book falls into.

Morguard Real Estate Investment Trust Price-to-Tangible-Book Calculation

Morguard Real Estate Investment Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.93	/	11.148
	=	0.35

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.

Morguard Real Estate Investment Trust Price-to-Tangible-Book Related Terms

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Morguard Real Estate Investment Trust (Morguard Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Morguard Real Estate Investment Trust (OTCPK:MGRUF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MRT.UN:Canada

Address

55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.