Argo Investments (ASX:ARG) 3-Year Book Growth Rate : 6.60% (As of Dec. 2023)

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What is Argo Investments 3-Year Book Growth Rate?

Argo Investments's Book Value per Share for the quarter that ended in Dec. 2023 was A$8.15.

During the past 12 months, Argo Investments's average Book Value per Share Growth Rate was 5.30% per year. During the past 3 years, the average Book Value per Share Growth Rate was 6.60% per year. During the past 5 years, the average Book Value per Share Growth Rate was 2.20% per year. During the past 10 years, the average Book Value per Share Growth Rate was 2.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Argo Investments was 23.60% per year. The lowest was -8.60% per year. And the median was 5.40% per year.

Competitive Comparison of Argo Investments's 3-Year Book Growth Rate

For the Asset Management subindustry, Argo Investments's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Argo Investments's 3-Year Book Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Argo Investments's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Argo Investments's 3-Year Book Growth Rate falls into.

Argo Investments 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Argo Investments (ASX:ARG) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Argo Investments 3-Year Book Growth Rate Related Terms

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Argo Investments (ASX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Argo Investments Ltd (ASX:ARG) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 King William Street, Level 25, Adelaide, SA, AUS, 5000

Website

https://www.argoinvestments.com.au

Argo Investments Ltd is an investment company based in Australia. Its core operations focus on portfolio management with the objective of seeking long-term returns. Its revenues are generated from the receipt of dividends, interest and other income which are a result of its investing operations. It also derives income from interest earned on cash deposits, income from writing exchange-traded options and a small amount of share trading activity. Argo's investment portfolio comprises various sectors, such as healthcare, utilities, consumer discretionary, industrials, energy, banks, materials, telecommunication services and information technology and property trusts.

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