Town Centre Securities (LSE:TOWN) Price-to-Tangible-Book : 0.49 (As of Apr. 29, 2024)

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What is Town Centre Securities Price-to-Tangible-Book?

As of today (2024-04-29), Town Centre Securities's share price is £1.41. Town Centre Securities's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £2.86. Hence, Town Centre Securities's Price to Tangible Book Ratio of today is 0.49.

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

LSE:TOWN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.33 Med: 0.63 Max: 0.93
Current: 0.49

During the past 13 years, Town Centre Securities's highest Price to Tangible Book Ratio was 0.93. The lowest was 0.33. And the median was 0.63.

LSE:TOWN's Price-to-Tangible-Book is ranked better than
85.58% of 839 companies
in the REITs industry
Industry Median: 0.83 vs LSE:TOWN: 0.49

A closely related ratio is called PB Ratio. As of today, Town Centre Securities's share price is £1.41. Town Centre Securities's Book Value per Sharefor the quarter that ended in Dec. 2023 was £2.94. Hence, Town Centre Securities's P/B Ratio of today is 0.48.

Town Centre Securities Price-to-Tangible-Book Historical Data

The historical data trend for Town Centre Securities'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.

Town Centre Securities Price-to-Tangible-Book Chart

Town Centre Securities Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.59

0.33

0.51

0.40

0.44

Town Centre Securities Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.46	0.40	0.49	0.44	0.49

Competitive Comparison of Town Centre Securities's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Town Centre Securities'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.

Town Centre Securities's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Town Centre Securities's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Town Centre Securities's Price-to-Tangible-Book falls into.

Town Centre Securities Price-to-Tangible-Book Calculation

Town Centre Securities's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.41	/	2.856
	=	0.49

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.

Town Centre Securities Price-to-Tangible-Book Related Terms

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

Town Centre Securities (LSE:TOWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Town Centre Securities PLC (LSE:TOWN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TOWNl:UK TOWN.GB:UK

Address

Town Centre House, The Merrion Centre, Leeds, GBR, LS2 8LY

Website

https://www.tcs-plc.co.uk

Town Centre Securities PLC is the United Kingdom-based company engaged in property investment, development and trading and the provision of a hotel and car parks. The company operates in three business segments comprising property rental, car park activities and hotel operations. Geographically their operations are performed wholly in the United Kingdom. It serves in various sectors such as retail, leisure, office, car parking, distribution and residential. The company's property portfolio includes Rochdale Retail Park, Marina Residential, Eider House, Brownsfield Mill, Carver's Warehouse, Retail Village, The Arena Quarter, and others. The company derives of the revenue from the Property Rental segment.