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TUERF (True North Commercial REIT) Price-to-Tangible-Book : 0.34 (As of Dec. 15, 2024)


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What is True North Commercial REIT Price-to-Tangible-Book?

As of today (2024-12-15), True North Commercial REIT's share price is $7.60. True North Commercial REIT's Tangible Book per Share of Sep. 2024 for the quarter that ended in Sep. 2024 was $22.40. Hence, True North Commercial REIT's Price to Tangible Book Ratio of today is 0.34.

The historical rank and industry rank for True North Commercial REIT's Price-to-Tangible-Book or its related term are showing as below:

TUERF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.28   Med: 1.01   Max: 1.24
Current: 0.36

During the past 12 years, True North Commercial REIT's highest Price to Tangible Book Ratio was 1.24. The lowest was 0.28. And the median was 1.01.

TUERF's Price-to-Tangible-Book is ranked better than
91.61% of 906 companies
in the REITs industry
Industry Median: 0.8 vs TUERF: 0.36

A closely related ratio is called PB Ratio. As of today, True North Commercial REIT's share price is $7.60. True North Commercial REIT's Book Value per Sharefor the quarter that ended in Sep. 2024 was $22.40. Hence, True North Commercial REIT's P/B Ratio of today is 0.34.


True North Commercial REIT Price-to-Tangible-Book Historical Data

The historical data trend for True North Commercial REIT'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.

True North Commercial REIT Price-to-Tangible-Book Chart

True North Commercial REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.17 - 1.24 1.01 0.25

True North Commercial REIT Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 0.25 0.30 0.28 0.43

Competitive Comparison of True North Commercial REIT's Price-to-Tangible-Book

For the REIT - Office subindustry, True North Commercial REIT'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.


True North Commercial REIT's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, True North Commercial REIT's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where True North Commercial REIT's Price-to-Tangible-Book falls into.



True North Commercial REIT Price-to-Tangible-Book Calculation

True North Commercial REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Sep. 2024 )
=7.60/22.395
=0.34

* 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.

It can also be calculated from the numbers for the whole company:

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.


True North Commercial REIT Price-to-Tangible-Book Related Terms

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


True North Commercial REIT Business Description

Traded in Other Exchanges
Address
3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3
True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires commercial real estate in Canada. The objective is to maximize the total profit for shareholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.

True North Commercial REIT Headlines