GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Inovest BSC (KUW:INOVEST) » Definitions » Price-to-Tangible-Book

Inovest BSC (KUW:INOVEST) Price-to-Tangible-Book : 0.75 (As of May. 27, 2024)


View and export this data going back to 2005. Start your Free Trial

What is Inovest BSC Price-to-Tangible-Book?

As of today (2024-05-27), Inovest BSC's share price is KWD0.11. Inovest BSC's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was KWD0.15. Hence, Inovest BSC's Price to Tangible Book Ratio of today is 0.75.

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

KUW:INOVEST' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.34   Med: 0.52   Max: 1.12
Current: 0.73

During the past 13 years, Inovest BSC's highest Price to Tangible Book Ratio was 1.12. The lowest was 0.34. And the median was 0.52.

KUW:INOVEST's Price-to-Tangible-Book is ranked better than
74.49% of 1623 companies
in the Asset Management industry
Industry Median: 0.96 vs KUW:INOVEST: 0.73

A closely related ratio is called PB Ratio. As of today, Inovest BSC's share price is KWD0.11. Inovest BSC's Book Value per Sharefor the quarter that ended in Mar. 2024 was KWD0.15. Hence, Inovest BSC's P/B Ratio of today is 0.75.


Inovest BSC Price-to-Tangible-Book Historical Data

The historical data trend for Inovest BSC'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.

Inovest BSC Price-to-Tangible-Book Chart

Inovest BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.45 0.80 0.59 0.56

Inovest BSC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.57 0.57 0.56 0.55

Competitive Comparison of Inovest BSC's Price-to-Tangible-Book

For the Asset Management subindustry, Inovest BSC'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.


Inovest BSC's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

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



Inovest BSC Price-to-Tangible-Book Calculation

Inovest BSC's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=0.11/0.147
=0.75

* 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.


Inovest BSC Price-to-Tangible-Book Related Terms

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


Inovest BSC (KUW:INOVEST) Business Description

Traded in Other Exchanges
Address
King Faisal Street, Bahrain Financial Harbour, 35th Floor, P.O. Box 18334, East Tower, Manama, BHR
Inovest BSC is an investment company. The principal business activity of the company includes all types of investments, including direct investment and securities, and varied investment funds; establishing and managing various investment funds; and dealing in financial instruments in the local, regional and international markets. Its segments are Investment and related services, Construction contracts, Development and sale of industrial plots and Property and facility management services.

Inovest BSC (KUW:INOVEST) Headlines

No Headlines