Onward Opportunities (LSE:ONWD) Price-to-Tangible-Book : 1.29 (As of Jun. 23, 2024)

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What is Onward Opportunities Price-to-Tangible-Book?

As of today (2024-06-23), Onward Opportunities's share price is £1.24. Onward Opportunities's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was £0.96. Hence, Onward Opportunities's Price to Tangible Book Ratio of today is 1.29.

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

LSE:ONWD's Price-to-Tangible-Book is not ranked ^*
in the Asset Management industry.
Industry Median: 0.94
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Onward Opportunities's share price is £1.24. Onward Opportunities's Book Value per Sharefor the quarter that ended in Jun. 2023 was £0.96. Hence, Onward Opportunities's P/B Ratio of today is 1.29.

Onward Opportunities Price-to-Tangible-Book Historical Data

The historical data trend for Onward Opportunities'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.

Onward Opportunities Price-to-Tangible-Book Chart

Onward Opportunities Annual Data

Trend

Dec23

Price-to-Tangible-Book

Onward Opportunities Semi-Annual Data
	Jun23
Price-to-Tangible-Book	1.10

Competitive Comparison of Onward Opportunities's Price-to-Tangible-Book

For the Asset Management subindustry, Onward Opportunities'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.

Onward Opportunities's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

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

Onward Opportunities Price-to-Tangible-Book Calculation

Onward Opportunities's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	1.24	/	0.964
	=	1.29

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.

Onward Opportunities Price-to-Tangible-Book Related Terms

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

Onward Opportunities (LSE:ONWD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Onward Opportunities Ltd (LSE:ONWD) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Royal Avenue, 1 Royal Plaza, Saint Peter Port, GGY, GY1 2HL

Website

https://www.onwardopportunities.co.uk

Onward Opportunities Ltd operates as a non-cellular (closed-ended) company limited by shares. The company's investment objective is to seek to generate risk-adjusted absolute returns for Shareholders through investments in UK smaller companies. Returns are expected to be principally derived from capital growth over a target three to five-year holding period with an appropriate diversification of investment risk.

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