Arena REIT (ASX:ARF) Price-to-Tangible-Book : 1.20 (As of Apr. 27, 2024)

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What is Arena REIT Price-to-Tangible-Book?

As of today (2024-04-27), Arena REIT's share price is A$3.53. Arena REIT's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$2.94. Hence, Arena REIT's Price to Tangible Book Ratio of today is 1.20.

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

ASX:ARF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 1.32 Max: 1.94
Current: 1.2

During the past 11 years, Arena REIT's highest Price to Tangible Book Ratio was 1.94. The lowest was 0.97. And the median was 1.32.

ASX:ARF's Price-to-Tangible-Book is ranked worse than
78.6% of 841 companies
in the REITs industry
Industry Median: 0.83 vs ASX:ARF: 1.20

A closely related ratio is called PB Ratio. As of today, Arena REIT's share price is A$3.53. Arena REIT's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$2.97. Hence, Arena REIT's P/B Ratio of today is 1.19.

Arena REIT Price-to-Tangible-Book Historical Data

The historical data trend for Arena 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.

Arena REIT Price-to-Tangible-Book Chart

Arena REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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1.33

0.97

1.69

1.49

1.26

Arena REIT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.94	1.49	1.31	1.26	1.26

Competitive Comparison of Arena REIT's Price-to-Tangible-Book

For the REIT - Specialty subindustry, Arena 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.

Arena REIT's Price-to-Tangible-Book Distribution in the REITs Industry

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

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

Arena REIT Price-to-Tangible-Book Calculation

Arena REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.53	/	2.94
	=	1.20

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.

Arena REIT Price-to-Tangible-Book Related Terms

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

Arena REIT (ASX:ARF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Arena REIT (ASX:ARF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Exhibition Street, Level 32, Melbourne, VIC, AUS, 3000

Website

https://www.arena.com.au

Arena REIT is a childcare centre-focused real estate investment trust, or REIT, in Australia. The trust owns a portfolio of more than 230 long day care centres in Australia which provide preschool care for children aged from 0 to 5 years. Arena also owns 10 healthcare centres but childcare comprises majority of its portfolio based on property value. The Australian childcare and healthcare sectors both receive a significant amount of government funding which they expect to continue due to the essential nature of the services they provide.

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