Argo Blockchain (LSE:ARB) Price-to-Tangible-Book : 6.47 (As of May. 27, 2024)

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What is Argo Blockchain Price-to-Tangible-Book?

As of today (2024-05-27), Argo Blockchain's share price is £0.11. Argo Blockchain's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was £0.02. Hence, Argo Blockchain's Price to Tangible Book Ratio of today is 6.47.

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

During the past 6 years, Argo Blockchain's highest Price to Tangible Book Ratio was 4.13. The lowest was 0.55. And the median was 1.62.

LSE:ARB's Price-to-Tangible-Book is not ranked ^*
in the Capital Markets industry.
Industry Median: 1.36
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Argo Blockchain's share price is £0.11. Argo Blockchain's Book Value per Sharefor the quarter that ended in Mar. 2024 was £0.02. Hence, Argo Blockchain's P/B Ratio of today is 5.79.

Argo Blockchain Price-to-Tangible-Book Historical Data

The historical data trend for Argo Blockchain'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.

Argo Blockchain Price-to-Tangible-Book Chart

Argo Blockchain Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.81

4.13

2.30

1.62

Argo Blockchain Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial													23.33	-	-	-	8.24

Competitive Comparison of Argo Blockchain's Price-to-Tangible-Book

For the Capital Markets subindustry, Argo Blockchain'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.

Argo Blockchain's Price-to-Tangible-Book Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Argo Blockchain's Price-to-Tangible-Book distribution charts can be found below:

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

Argo Blockchain Price-to-Tangible-Book Calculation

Argo Blockchain'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	/	0.017
	=	6.47

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.

Argo Blockchain Price-to-Tangible-Book Related Terms

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

Argo Blockchain (LSE:ARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argo Blockchain PLC (LSE:ARB) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ARBK:USA ARBKF:USA ARBl:UK 0XP:Germany

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.argoblockchain.com

Argo Blockchain PLC is a global data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.