Gresham House Energy Storage Fund (LSE:GRID) Price-to-Tangible-Book : 0.41 (As of May. 24, 2024)

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What is Gresham House Energy Storage Fund Price-to-Tangible-Book?

As of today (2024-05-24), Gresham House Energy Storage Fund's share price is £0.535. Gresham House Energy Storage Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £1.29. Hence, Gresham House Energy Storage Fund's Price to Tangible Book Ratio of today is 0.41.

The historical rank and industry rank for Gresham House Energy Storage Fund's Price-to-Tangible-Book or its related term are showing as below:

LSE:GRID' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.43 Med: 1.07 Max: 1.12
Current: 0.43

During the past 5 years, Gresham House Energy Storage Fund's highest Price to Tangible Book Ratio was 1.12. The lowest was 0.43. And the median was 1.07.

LSE:GRID's Price-to-Tangible-Book is ranked better than
93.6% of 1624 companies
in the Asset Management industry
Industry Median: 0.96 vs LSE:GRID: 0.43

A closely related ratio is called PB Ratio. As of today, Gresham House Energy Storage Fund's share price is £0.535. Gresham House Energy Storage Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was £1.29. Hence, Gresham House Energy Storage Fund's P/B Ratio of today is 0.41.

Gresham House Energy Storage Fund Price-to-Tangible-Book Historical Data

The historical data trend for Gresham House Energy Storage Fund'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.

Gresham House Energy Storage Fund Price-to-Tangible-Book Chart

Gresham House Energy Storage Fund Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.07

1.09

1.12

1.04

0.84

Gresham House Energy Storage Fund Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			1.12	1.08	1.04	0.99	0.84

Competitive Comparison of Gresham House Energy Storage Fund's Price-to-Tangible-Book

For the Asset Management subindustry, Gresham House Energy Storage Fund'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.

Gresham House Energy Storage Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gresham House Energy Storage Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Gresham House Energy Storage Fund's Price-to-Tangible-Book falls into.

Gresham House Energy Storage Fund Price-to-Tangible-Book Calculation

Gresham House Energy Storage Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.535	/	1.291
	=	0.41

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.

Gresham House Energy Storage Fund Price-to-Tangible-Book Related Terms

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

Gresham House Energy Storage Fund (LSE:GRID) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GRIDl:UK

Address

52 Lime Street, The Scalpel, 18th Floor, London, GBR, EC3M 7AF

Website

www.greshamhouse.com/gresham-house-energy-storage-

Gresham House Energy Storage Fund PLC is a closed-ended investment company. It invests in a diversified portfolio of operating utility-scale Battery Energy Storage Systems (BESS), which utilize batteries and may also utilize generators in Great Britain.