Goodman Property Trust (NZSE:GMT) Price-to-Tangible-Book : 0.98 (As of May. 29, 2024)

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What is Goodman Property Trust Price-to-Tangible-Book?

As of today (2024-05-29), Goodman Property Trust's share price is NZ$2.16. Goodman Property Trust's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was NZ$2.20. Hence, Goodman Property Trust's Price to Tangible Book Ratio of today is 0.98.

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

NZSE:GMT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.77 Med: 1.02 Max: 1.29
Current: 0.94

During the past 13 years, Goodman Property Trust's highest Price to Tangible Book Ratio was 1.29. The lowest was 0.77. And the median was 1.02.

NZSE:GMT's Price-to-Tangible-Book is ranked worse than
59.98% of 842 companies
in the REITs industry
Industry Median: 0.82 vs NZSE:GMT: 0.94

A closely related ratio is called PB Ratio. As of today, Goodman Property Trust's share price is NZ$2.16. Goodman Property Trust's Book Value per Sharefor the quarter that ended in Mar. 2024 was NZ$2.20. Hence, Goodman Property Trust's P/B Ratio of today is 0.98.

Goodman Property Trust Price-to-Tangible-Book Historical Data

The historical data trend for Goodman Property 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.

Goodman Property Trust Price-to-Tangible-Book Chart

Goodman Property Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.23

1.06

0.90

0.87

1.03

Goodman Property Trust Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.90	0.77	0.87	0.92	1.03

Competitive Comparison of Goodman Property Trust's Price-to-Tangible-Book

For the REIT - Industrial subindustry, Goodman Property 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.

Goodman Property Trust's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Goodman Property Trust's Price-to-Tangible-Book distribution charts can be found below:

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

Goodman Property Trust Price-to-Tangible-Book Calculation

Goodman Property Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	2.16	/	2.204
	=	0.98

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.

Goodman Property Trust Price-to-Tangible-Book Related Terms

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

Goodman Property Trust (NZSE:GMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Goodman Property Trust (NZSE:GMT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Hayesbery, 1-11 Hayes Road, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Property Trust is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment strategy is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.

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