Hygrovest Limited (ASX:HGV) Price-to-Tangible-Book : 0.52 (As of Jun. 17, 2024)

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What is Hygrovest Limited Price-to-Tangible-Book?

As of today (2024-06-17), Hygrovest Limited's share price is A$0.046. Hygrovest Limited's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.09. Hence, Hygrovest Limited's Price to Tangible Book Ratio of today is 0.52.

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

ASX:HGV' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.39 Med: 0.66 Max: 7.58
Current: 0.51

During the past 8 years, Hygrovest Limited's highest Price to Tangible Book Ratio was 7.58. The lowest was 0.39. And the median was 0.66.

ASX:HGV's Price-to-Tangible-Book is ranked better than
90.38% of 1622 companies
in the Asset Management industry
Industry Median: 0.94 vs ASX:HGV: 0.51

A closely related ratio is called PB Ratio. As of today, Hygrovest Limited's share price is A$0.046. Hygrovest Limited's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.09. Hence, Hygrovest Limited's P/B Ratio of today is 0.52.

Hygrovest Limited Price-to-Tangible-Book Historical Data

The historical data trend for Hygrovest Limited'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.

Hygrovest Limited Price-to-Tangible-Book Chart

Hygrovest Limited Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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0.66

0.50

0.44

0.60

0.46

Hygrovest Limited Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial												0.39	0.60	0.64	0.46	0.58

Competitive Comparison of Hygrovest Limited's Price-to-Tangible-Book

For the Asset Management subindustry, Hygrovest Limited'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.

Hygrovest Limited's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hygrovest Limited's Price-to-Tangible-Book distribution charts can be found below:

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

Hygrovest Limited Price-to-Tangible-Book Calculation

Hygrovest Limited's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.046	/	0.088
	=	0.52

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.

Hygrovest Limited Price-to-Tangible-Book Related Terms

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

Hygrovest Limited (ASX:HGV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hygrovest Limited (ASX:HGV) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MMJJF:USA

Address

19-29 Martin Place, MLC Centre, Suite 5706, Level 57, Sydney, NSW, AUS, 2000

Website

https://www.hygrovest.com.au

Hygrovest Limited is a specialist investment company. It has built a diversified portfolio by investing in Australian and offshore cannabis-related businesses including healthcare products, technology, and infrastructure. The company's portfolio includes Southern Cannabis Holdings, Medio Labs Inc , Weed Me, Fire and Flower, Bien, BevCanna, and others.