Gladstone Land's book value per share for the quarter that ended in Mar. 2024 was $20.18.
During the past 12 months, Gladstone Land's average Book Value Per Share Growth Rate was -1.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 12.70% 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 book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Gladstone Land was 80.00% per year. The lowest was 1.00% per year. And the median was 20.00% per year.
Gladstone Land's current price is $13.32. Its book value per share for the quarter that ended in Mar. 2024 was $20.18. Hence, today's PB Ratio of Gladstone Land is 0.66.
During the past 13 years, the highest P/B Ratio of Gladstone Land was 2.21. The lowest was 0.63. And the median was 1.37.
Good Sign:
Gladstone Land Corp stock PB Ratio (=0.66) is close to 10-year low of 0.63
Gladstone Land Book Value per Share Historical Data
The historical data trend for Gladstone Land's Book Value per Share 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.
Competitive Comparison of Gladstone Land's Book Value per Share
For the REIT - Specialty subindustry, Gladstone Land's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Gladstone Land's PB Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Gladstone Land's PB Ratio distribution charts can be found below:
* The bar in red indicates where Gladstone Land's PB Ratio falls into.
Gladstone Land Book Value per Share Calculation
Gladstone Land's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Gladstone Land (NAS:LAND) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Gladstone Land Book Value per Share Related Terms
Thank you for viewing the detailed overview of Gladstone Land's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Gladstone Land (Gladstone Land) Business Description
Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).
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