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Tricon Residential (TSX:TCN) Price-to-Tangible-Book : 0.82 (As of Apr. 26, 2024)


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What is Tricon Residential Price-to-Tangible-Book?

As of today (2024-04-26), Tricon Residential's share price is C$15.36. Tricon Residential's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$18.84. Hence, Tricon Residential's Price to Tangible Book Ratio of today is 0.82.

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

TSX:TCN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.56   Med: 1.1   Max: 1.57
Current: 0.82

During the past 13 years, Tricon Residential's highest Price to Tangible Book Ratio was 1.57. The lowest was 0.56. And the median was 1.10.

TSX:TCN's Price-to-Tangible-Book is ranked better than
50.23% of 1722 companies
in the Real Estate industry
Industry Median: 0.81 vs TSX:TCN: 0.82

A closely related ratio is called PB Ratio. As of today, Tricon Residential's share price is C$15.36. Tricon Residential's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$19.01. Hence, Tricon Residential's P/B Ratio of today is 0.81.


Tricon Residential Price-to-Tangible-Book Historical Data

The historical data trend for Tricon Residential'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.

Tricon Residential Price-to-Tangible-Book Chart

Tricon Residential 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 0.96 1.07 1.37 0.56 0.64

Tricon Residential 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 0.56 0.55 0.63 0.52 0.64

Competitive Comparison of Tricon Residential's Price-to-Tangible-Book

For the Real Estate Services subindustry, Tricon Residential'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.


Tricon Residential's Price-to-Tangible-Book Distribution in the Real Estate Industry

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

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



Tricon Residential Price-to-Tangible-Book Calculation

Tricon Residential's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=15.36/18.841
=0.82

* 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.


Tricon Residential Price-to-Tangible-Book Related Terms

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


Tricon Residential (TSX:TCN) Business Description

Traded in Other Exchanges
Address
7 St. Thomas Street, Suite 801, Toronto, ON, CAN, M5S 2B7
Tricon Residential Inc is a rental housing company catering to the middle-market demographic throughout the United States and Canada. The company owns and manages approximately 36,000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform.
Executives
Ira Gluskin Director