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Australian Bond Exchange Holdings (ASX:ABE) Price-to-Tangible-Book : 0.89 (As of May. 21, 2024)


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What is Australian Bond Exchange Holdings Price-to-Tangible-Book?

As of today (2024-05-21), Australian Bond Exchange Holdings's share price is A$0.024. Australian Bond Exchange Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.03. Hence, Australian Bond Exchange Holdings's Price to Tangible Book Ratio of today is 0.89.

The historical rank and industry rank for Australian Bond Exchange Holdings's Price-to-Tangible-Book or its related term are showing as below:

ASX:ABE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.8   Med: 2.96   Max: 5.12
Current: 0.8

During the past 3 years, Australian Bond Exchange Holdings's highest Price to Tangible Book Ratio was 5.12. The lowest was 0.80. And the median was 2.96.

ASX:ABE's Price-to-Tangible-Book is ranked better than
71.63% of 726 companies
in the Capital Markets industry
Industry Median: 1.32 vs ASX:ABE: 0.80

A closely related ratio is called PB Ratio. As of today, Australian Bond Exchange Holdings's share price is A$0.024. Australian Bond Exchange Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.05. Hence, Australian Bond Exchange Holdings's P/B Ratio of today is 0.53.

Australian Bond Exchange Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Australian Bond Exchange Holdings'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.

Australian Bond Exchange Holdings Price-to-Tangible-Book Chart

Australian Bond Exchange Holdings Annual Data
Trend Jun21 Jun22 Jun23
Price-to-Tangible-Book
- 2.30 2.96

Australian Bond Exchange Holdings Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book 5.12 2.30 4.07 2.96 2.30

Competitive Comparison of Australian Bond Exchange Holdings's Price-to-Tangible-Book

For the Capital Markets subindustry, Australian Bond Exchange Holdings'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.

Australian Bond Exchange Holdings's Price-to-Tangible-Book Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Australian Bond Exchange Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Australian Bond Exchange Holdings's Price-to-Tangible-Book falls into.


Australian Bond Exchange Holdings Price-to-Tangible-Book Calculation

Australian Bond Exchange Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=0.024/0.027
=0.89

* 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:

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.

Australian Bond Exchange Holdings Price-to-Tangible-Book Related Terms

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

Australian Bond Exchange Holdings (ASX:ABE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Australian Bond Exchange Holdings Ltd (ASX:ABE) » Definitions » Price-to-Tangible-Book
Comparable Companies
ASX:FFG ASX:EQS ASX:FNX ASX:BIR ASX:ASW ASX:AFA ASX:SWF ASX:RZI MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688 HKSE:03908 SHSE:601211
Traded in Other Exchanges
N/A
Address
15 Castlereagh St, Level 19, Sydney, NSW, AUS, 2000
Website
https://www.bondexchange.com.au
Australian Bond Exchange Holdings Ltd is engaged in provision of financial advice and dealing services in the OTC bond market to funds, ADIs and individuals and advisory services to Australian companies. The company generates revenue from Securities trading; Brokerage on transactions as part of financial advice and dealing services division; and Origination and arranging fees.