Turners Automotive Group (ASX:TRA) PB Ratio : 1.56 (As of Dec. 16, 2024)

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What is Turners Automotive Group 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 (2024-12-16), Turners Automotive Group's share price is A$4.63. Turners Automotive Group's Book Value per Share for the quarter that ended in Sep. 2024 was A$2.97. Hence, Turners Automotive Group's PB Ratio of today is 1.56.

The historical rank and industry rank for Turners Automotive Group's PB Ratio or its related term are showing as below:

ASX:TRA' s PB Ratio Range Over the Past 10 Years
Min: 0.5 Med: 1.35 Max: 2.4
Current: 1.7

During the past 13 years, Turners Automotive Group's highest PB Ratio was 2.40. The lowest was 0.50. And the median was 1.35.

ASX:TRA's PB Ratio is ranked worse than
55.01% of 1278 companies
in the Vehicles & Parts industry
Industry Median: 1.45 vs ASX:TRA: 1.70

During the past 12 months, Turners Automotive Group's average Book Value Per Share Growth Rate was 1.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Turners Automotive Group was 96.80% per year. The lowest was -55.80% per year. And the median was 8.70% per year.

Back to Basics: PB Ratio

Turners Automotive Group PB Ratio Historical Data

The historical data trend for Turners Automotive Group'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.

Turners Automotive Group PB Ratio Chart

Turners Automotive Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

PB Ratio

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0.83

1.13

1.19

1.06

1.51

Turners Automotive Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
PB Ratio	Get a 7-Day Free Trial															1.25	1.06	1.10	1.51	1.45

Competitive Comparison of Turners Automotive Group's PB Ratio

For the Auto & Truck Dealerships subindustry, Turners Automotive Group'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.

Turners Automotive Group's PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Turners Automotive Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Turners Automotive Group's PB Ratio falls into.

Turners Automotive Group 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.

Turners Automotive Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2024)
	=	4.63	/	2.972
	=	1.56

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.

Turners Automotive Group (ASX:TRA) 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.

Turners Automotive Group PB Ratio Related Terms

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Turners Automotive Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Automotive Group Ltd (ASX:TRA) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

TRA:New Zealand

Address

Level 5, 70 Shortland Street, PO Box 1232, Auckland, NZL, 1140

Website

https://www.turnersautogroup.co.nz

Turners Automotive Group Ltd is an integrated financial services group, primarily operating in the automotive sector. Business activity generally functions through Automotive Retail, Finance, Insurance, Credit management, Corporate, and Others. The company derives the majority of its revenue from Automotive retail which is engaged in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale and related asset-based finance to consumers. Geographically the group's business activities are located in New Zealand and Australia.

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