Harmony Energyome Trust (LSE:HEIT) Price-to-Tangible-Book : 0.65 (As of Dec. 13, 2024)

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What is Harmony Energyome Trust Price-to-Tangible-Book?

As of today (2024-12-13), Harmony Energyome Trust's share price is £0.626. Harmony Energyome Trust's Tangible Book per Share of Apr. 2024 for the quarter that ended in Apr. 2024 was £0.96. Hence, Harmony Energyome Trust's Price to Tangible Book Ratio of today is 0.65.

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

LSE:HEIT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.49 Med: 0.82 Max: 1.02
Current: 0.65

During the past 2 years, Harmony Energyome Trust's highest Price to Tangible Book Ratio was 1.02. The lowest was 0.49. And the median was 0.82.

LSE:HEIT's Price-to-Tangible-Book is ranked better than
84.7% of 1601 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:HEIT: 0.65

A closely related ratio is called PB Ratio. As of today, Harmony Energyome Trust's share price is £0.626. Harmony Energyome Trust's Book Value per Sharefor the quarter that ended in Apr. 2024 was £0.96. Hence, Harmony Energyome Trust's P/B Ratio of today is 0.65.

Harmony Energyome Trust Price-to-Tangible-Book Historical Data

The historical data trend for Harmony Energyome Trust'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.

Harmony Energyome Trust Price-to-Tangible-Book Chart

Harmony Energyome Trust Annual Data

Trend

Oct22

Oct23

Price-to-Tangible-Book

0.63

Harmony Energyome Trust Semi-Annual Data
	Apr22	Apr23	Oct23	Apr24
Price-to-Tangible-Book	1.02	1.01	0.63	0.49

Competitive Comparison of Harmony Energyome Trust's Price-to-Tangible-Book

For the Asset Management subindustry, Harmony Energyome Trust'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.

Harmony Energyome Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Harmony Energyome Trust's Price-to-Tangible-Book falls into.

Harmony Energyome Trust Price-to-Tangible-Book Calculation

Harmony Energyome Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Apr. 2024 )
	=	0.626	/	0.962
	=	0.65

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.

Harmony Energyome Trust Price-to-Tangible-Book Related Terms

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

Harmony Energyome Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Harmony Energy Income Trust PLC (LSE:HEIT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.heitp.co.uk

Harmony Energy Income Trust PLC is an investment company that invests in commercial-scale energy storage and renewable energy generation projects, with an initial focus on a diversified portfolio of battery energy storage systems (BESS) located in Great Britain.

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