Ascom Leasing & Investments (NSE:ASCOM) Price-to-Tangible-Book : 4.00 (As of Jun. 21, 2024)

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What is Ascom Leasing & Investments Price-to-Tangible-Book?

As of today (2024-06-21), Ascom Leasing & Investments's share price is ₹135.70. Ascom Leasing & Investments's Tangible Book per Share of Mar. 2023 for the quarter that ended in Mar. 2023 was ₹33.89. Hence, Ascom Leasing & Investments's Price to Tangible Book Ratio of today is 4.00.

The historical rank and industry rank for Ascom Leasing & Investments's Price-to-Tangible-Book or its related term are showing as below:

NSE:ASCOM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.75 Med: 1.11 Max: 9.06
Current: 4

During the past 8 years, Ascom Leasing & Investments's highest Price to Tangible Book Ratio was 9.06. The lowest was 0.75. And the median was 1.11.

NSE:ASCOM's Price-to-Tangible-Book is ranked worse than
89.52% of 496 companies
in the Credit Services industry
Industry Median: 1.03 vs NSE:ASCOM: 4.00

A closely related ratio is called PB Ratio. As of today, Ascom Leasing & Investments's share price is ₹135.70. Ascom Leasing & Investments's Book Value per Sharefor the quarter that ended in Mar. 2023 was ₹33.89. Hence, Ascom Leasing & Investments's P/B Ratio of today is 4.00.

Ascom Leasing & Investments Price-to-Tangible-Book Historical Data

The historical data trend for Ascom Leasing & Investments'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.

Ascom Leasing & Investments Price-to-Tangible-Book Chart

Ascom Leasing & Investments Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.08

1.14

0.75

9.06

Ascom Leasing & Investments Semi-Annual Data
	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	1.08	1.14	0.75	9.06

Competitive Comparison of Ascom Leasing & Investments's Price-to-Tangible-Book

For the Credit Services subindustry, Ascom Leasing & Investments'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.

Ascom Leasing & Investments's Price-to-Tangible-Book Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ascom Leasing & Investments's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Ascom Leasing & Investments's Price-to-Tangible-Book falls into.

Ascom Leasing & Investments Price-to-Tangible-Book Calculation

Ascom Leasing & Investments's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2023 )
	=	135.70	/	33.887
	=	4.00

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.

Ascom Leasing & Investments Price-to-Tangible-Book Related Terms

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

Ascom Leasing & Investments (NSE:ASCOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ascom Leasing & Investments Ltd (NSE:ASCOM) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aditya Group 331-336, VIP Road Vesu, 3rd Floor, Four Point Complex, Besides Manibha Park, Surat, GJ, IND, 395007

Website

https://www.ascomfinance.com

Ascom Leasing & Investments Ltd is a non-banking finance company engaged in the business of finance and lending. The company provides term loans, mortgage financing, personal loans, Gold loans, and Projected loans.

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