Platinum Asia Investments (ASX:PAI) Price-to-Tangible-Book : 0.99 (As of May. 25, 2024)

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What is Platinum Asia Investments Price-to-Tangible-Book?

As of today (2024-05-25), Platinum Asia Investments's share price is A$0.965. Platinum Asia Investments's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.98. Hence, Platinum Asia Investments's Price to Tangible Book Ratio of today is 0.99.

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

ASX:PAI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.8 Med: 0.95 Max: 1.08
Current: 0.98

During the past 7 years, Platinum Asia Investments's highest Price to Tangible Book Ratio was 1.08. The lowest was 0.80. And the median was 0.95.

ASX:PAI's Price-to-Tangible-Book is ranked worse than
54.53% of 1623 companies
in the Asset Management industry
Industry Median: 0.96 vs ASX:PAI: 0.98

A closely related ratio is called PB Ratio. As of today, Platinum Asia Investments's share price is A$0.965. Platinum Asia Investments's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.98. Hence, Platinum Asia Investments's P/B Ratio of today is 0.99.

Platinum Asia Investments Price-to-Tangible-Book Historical Data

The historical data trend for Platinum Asia Investments'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.

Platinum Asia Investments Price-to-Tangible-Book Chart

Platinum Asia Investments Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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0.95

0.88

0.95

0.80

0.83

Platinum Asia Investments Semi-Annual Data
	Dec15	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											0.94	0.80	0.82	0.83	0.84

Competitive Comparison of Platinum Asia Investments's Price-to-Tangible-Book

For the Asset Management subindustry, Platinum Asia Investments'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.

Platinum Asia Investments's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Platinum Asia Investments's Price-to-Tangible-Book falls into.

Platinum Asia Investments Price-to-Tangible-Book Calculation

Platinum Asia Investments's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.965	/	0.979
	=	0.99

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.

Platinum Asia Investments Price-to-Tangible-Book Related Terms

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

Platinum Asia Investments (ASX:PAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Platinum Asia Investments Ltd (ASX:PAI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Macquarie Place, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.platinum.com.au

Platinum Asia Investments Ltd is a closed-ended investment company. The company is engaged in the investment of funds internationally into securities of companies. Its objective is to seek long-term capital growth by utilizing the skills of the investment manager and administrator. It benchmarks the performance of its portfolio against the MSCI All Country Asia ex-Japan Net Index. The majority of the investment income is generated from Equity securities. Geographically, it generates the majority of revenue from Greater China.