Sun Communities (FRA:SCZ) Price-to-Tangible-Book : 2.48 (As of Jun. 09, 2024)

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What is Sun Communities Price-to-Tangible-Book?

As of today (2024-06-09), Sun Communities's share price is €107.00. Sun Communities's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was €43.15. Hence, Sun Communities's Price to Tangible Book Ratio of today is 2.48.

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

FRA:SCZ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.34 Med: 3.01 Max: 4.18
Current: 2.46

During the past 13 years, Sun Communities's highest Price to Tangible Book Ratio was 4.18. The lowest was 2.34. And the median was 3.01.

FRA:SCZ's Price-to-Tangible-Book is ranked worse than
94.64% of 840 companies
in the REITs industry
Industry Median: 0.81 vs FRA:SCZ: 2.46

A closely related ratio is called PB Ratio. As of today, Sun Communities's share price is €107.00. Sun Communities's Book Value per Sharefor the quarter that ended in Mar. 2024 was €51.22. Hence, Sun Communities's P/B Ratio of today is 2.09.

Sun Communities Price-to-Tangible-Book Historical Data

The historical data trend for Sun Communities'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.

Sun Communities Price-to-Tangible-Book Chart

Sun Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

3.64

3.28

4.14

2.78

2.75

Sun Communities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.77	2.56	2.35	2.75	2.73

Competitive Comparison of Sun Communities's Price-to-Tangible-Book

For the REIT - Residential subindustry, Sun Communities'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.

Sun Communities's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Sun Communities's Price-to-Tangible-Book distribution charts can be found below:

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

Sun Communities Price-to-Tangible-Book Calculation

Sun Communities's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	107.00	/	43.147
	=	2.48

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.

Sun Communities Price-to-Tangible-Book Related Terms

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

Sun Communities (FRA:SCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (FRA:SCZ) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SUI:USA S2UI34:Brazil

Address

27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034

Website

https://www.suncommunities.com

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.