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Lowell Resources Fund (ASX:LRT) Price-to-Tangible-Book : 0.81 (As of May. 14, 2024)


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What is Lowell Resources Fund Price-to-Tangible-Book?

As of today (2024-05-14), Lowell Resources Fund's share price is A$1.34. Lowell Resources Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$1.65. Hence, Lowell Resources Fund's Price to Tangible Book Ratio of today is 0.81.

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

ASX:LRT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.74   Med: 0.88   Max: 0.95
Current: 0.81

During the past 7 years, Lowell Resources Fund's highest Price to Tangible Book Ratio was 0.95. The lowest was 0.74. And the median was 0.88.

ASX:LRT's Price-to-Tangible-Book is ranked better than
74.88% of 1624 companies
in the Asset Management industry
Industry Median: 0.96 vs ASX:LRT: 0.81

A closely related ratio is called PB Ratio. As of today, Lowell Resources Fund's share price is A$1.34. Lowell Resources Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$1.65. Hence, Lowell Resources Fund's P/B Ratio of today is 0.81.


Lowell Resources Fund Price-to-Tangible-Book Historical Data

The historical data trend for Lowell Resources Fund'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.

Lowell Resources Fund Price-to-Tangible-Book Chart

Lowell Resources Fund Annual Data
Trend Sep17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Price-to-Tangible-Book
Get a 7-Day Free Trial - 0.81 0.95 0.88 0.89

Lowell Resources Fund Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.88 0.83 0.89 0.88

Competitive Comparison of Lowell Resources Fund's Price-to-Tangible-Book

For the Asset Management subindustry, Lowell Resources Fund'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.


Lowell Resources Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Lowell Resources Fund's Price-to-Tangible-Book falls into.



Lowell Resources Fund Price-to-Tangible-Book Calculation

Lowell Resources Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=1.34/1.654
=0.81

* 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:

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.


Lowell Resources Fund Price-to-Tangible-Book Related Terms

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


Lowell Resources Fund (ASX:LRT) Business Description

Traded in Other Exchanges
N/A
Address
8 Chapel Street, Terrain Capital, Cremorne, VIC, AUS, 3121
Lowell Resources Fund is an Australian-based Financial Services company providing specialist funds management products for both the wholesale and retail markets. The fund invests in securities listed on the Australian Stock Exchange (ASX) and investments that are likely to be listed on ASX in the future and Australian-denominated cash.

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