Parkit Enterprise (TSXV:PKT) Price-to-Tangible-Book : 0.90 (As of Apr. 25, 2024)

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What is Parkit Enterprise Price-to-Tangible-Book?

As of today (2024-04-25), Parkit Enterprise's share price is C$0.59. Parkit Enterprise's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.66. Hence, Parkit Enterprise's Price to Tangible Book Ratio of today is 0.90.

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

TSXV:PKT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.22 Med: 0.76 Max: 19.67
Current: 0.9

During the past 13 years, Parkit Enterprise's highest Price to Tangible Book Ratio was 19.67. The lowest was 0.22. And the median was 0.76.

TSXV:PKT's Price-to-Tangible-Book is ranked worse than
55.08% of 1723 companies
in the Real Estate industry
Industry Median: 0.81 vs TSXV:PKT: 0.90

A closely related ratio is called PB Ratio. As of today, Parkit Enterprise's share price is C$0.59. Parkit Enterprise's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.66. Hence, Parkit Enterprise's P/B Ratio of today is 0.90.

Parkit Enterprise Price-to-Tangible-Book Historical Data

The historical data trend for Parkit Enterprise'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.

Parkit Enterprise Price-to-Tangible-Book Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.41

0.22

2.30

1.85

0.98

Parkit Enterprise Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.85	1.45	1.21	0.89	0.98

Competitive Comparison of Parkit Enterprise's Price-to-Tangible-Book

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Price-to-Tangible-Book Distribution in the Real Estate Industry

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

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

Parkit Enterprise Price-to-Tangible-Book Calculation

Parkit Enterprise's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.59	/	0.655
	=	0.90

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.

Parkit Enterprise Price-to-Tangible-Book Related Terms

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

Parkit Enterprise (TSXV:PKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (TSXV:PKT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

PKTEF:USA

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.

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