Summit Hotel Properties (Summit Hotel Properties) Price-to-Tangible-Book : (As of May. 03, 2024)

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What is Summit Hotel Properties Price-to-Tangible-Book?

As of today (2024-05-03), Summit Hotel Properties's share price is $25.00. Summit Hotel Properties's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $0.00. Hence, Summit Hotel Properties's Price to Tangible Book Ratio of today is .

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

During the past 13 years, Summit Hotel Properties's highest Price to Tangible Book Ratio was 1.65. The lowest was 0.40. And the median was 1.14.

INNpD.PFD's Price-to-Tangible-Book is not ranked ^*
in the REITs industry.
Industry Median: 0.84
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Summit Hotel Properties's share price is $25.00. Summit Hotel Properties's Book Value per Sharefor the quarter that ended in Mar. 2024 was $0.00. Hence, Summit Hotel Properties's P/B Ratio of today is .

Summit Hotel Properties Price-to-Tangible-Book Historical Data

The historical data trend for Summit Hotel Properties'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.

Summit Hotel Properties Price-to-Tangible-Book Chart

Summit Hotel Properties Annual Data

Trend

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Price-to-Tangible-Book

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Summit Hotel Properties 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															-	-	-	-	-

Competitive Comparison of Summit Hotel Properties's Price-to-Tangible-Book

For the REIT - Hotel & Motel subindustry, Summit Hotel Properties'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.

Summit Hotel Properties's Price-to-Tangible-Book Distribution in the REITs Industry

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

* The bar in red indicates where Summit Hotel Properties's Price-to-Tangible-Book falls into.

Summit Hotel Properties Price-to-Tangible-Book Calculation

Summit Hotel Properties's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	25.00	/
	=

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.

Summit Hotel Properties Price-to-Tangible-Book Related Terms

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

Summit Hotel Properties (Summit Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INNpD.PFD) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

INNpE.PFD:USA INN:USA

Address

13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738

Website

https://www.shpreit.com

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.