Link Administration Holdings (ASX:LNK) PB Ratio : 3.74 (As of Apr. 30, 2024)

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What is Link Administration Holdings PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-30), Link Administration Holdings's share price is A$2.25. Link Administration Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.60. Hence, Link Administration Holdings's PB Ratio of today is 3.74.

The historical rank and industry rank for Link Administration Holdings's PB Ratio or its related term are showing as below:

ASX:LNK' s PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 0.86 Max: 4.73
Current: 3.74

During the past 8 years, Link Administration Holdings's highest PB Ratio was 4.73. The lowest was 0.40. And the median was 0.86.

ASX:LNK's PB Ratio is ranked worse than
80.05% of 752 companies
in the Capital Markets industry
Industry Median: 1.305 vs ASX:LNK: 3.74

During the past 12 months, Link Administration Holdings's average Book Value Per Share Growth Rate was 21.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -49.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -27.30% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Link Administration Holdings was 37.40% per year. The lowest was -49.10% per year. And the median was -3.30% per year.

Back to Basics: PB Ratio

Link Administration Holdings PB Ratio Historical Data

The historical data trend for Link Administration Holdings's PB Ratio 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.

Link Administration Holdings PB Ratio Chart

Link Administration Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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0.64

0.59

0.81

0.67

3.51

Link Administration Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial												0.96	0.67	4.00	3.51	3.62

Competitive Comparison of Link Administration Holdings's PB Ratio

For the Capital Markets subindustry, Link Administration Holdings's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Link Administration Holdings's PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Link Administration Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Link Administration Holdings's PB Ratio falls into.

Link Administration Holdings PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Link Administration Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	2.25	/	0.602
	=	3.74

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Link Administration Holdings (ASX:LNK) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Link Administration Holdings PB Ratio Related Terms

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Link Administration Holdings (ASX:LNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Link Administration Holdings Ltd (ASX:LNK) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

LKADF:USA

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.linkgroup.com

Link derives its revenue primarily from providing administration services to the financial services sector in Australia, and the share registry and investment fund sectors in the U.K. The company is the largest provider of superannuation administration services and the second-largest provider of share registry services in Australia. Link's clients are usually contracted for between two and five years. The customers are relatively sticky, resulting in a high recurring revenue. The capital-light business model means cash flow is relatively strong.

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