Cromwell Property Group (ASX:CMW) Price-to-Tangible-Book : 0.57 (As of Apr. 29, 2024)

View and export this data going back to 1973. Start your Free Trial

What is Cromwell Property Group Price-to-Tangible-Book?

As of today (2024-04-29), Cromwell Property Group's share price is A$0.41. Cromwell Property Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.72. Hence, Cromwell Property Group's Price to Tangible Book Ratio of today is 0.57.

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

ASX:CMW' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.55 Med: 1.08 Max: 1.58
Current: 0.57

During the past 13 years, Cromwell Property Group's highest Price to Tangible Book Ratio was 1.58. The lowest was 0.55. And the median was 1.08.

ASX:CMW's Price-to-Tangible-Book is ranked better than
80.33% of 839 companies
in the REITs industry
Industry Median: 0.83 vs ASX:CMW: 0.57

A closely related ratio is called PB Ratio. As of today, Cromwell Property Group's share price is A$0.41. Cromwell Property Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.72. Hence, Cromwell Property Group's P/B Ratio of today is 0.57.

Cromwell Property Group Price-to-Tangible-Book Historical Data

The historical data trend for Cromwell Property Group'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.

Cromwell Property Group Price-to-Tangible-Book Chart

Cromwell Property Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.19

0.91

0.86

0.73

0.63

Cromwell Property Group 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															0.84	0.73	0.69	0.63	0.58

Competitive Comparison of Cromwell Property Group's Price-to-Tangible-Book

For the REIT - Office subindustry, Cromwell Property Group'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.

Cromwell Property Group's Price-to-Tangible-Book Distribution in the REITs Industry

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

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

Cromwell Property Group Price-to-Tangible-Book Calculation

Cromwell Property Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.41	/	0.721
	=	0.57

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.

Cromwell Property Group Price-to-Tangible-Book Related Terms

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

Cromwell Property Group (ASX:CMW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cromwell Property Group (ASX:CMW) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

C4Q:Germany

Address

200 Mary Street, Level 19, Brisbane, QLD, AUS, 4000

Website

https://www.cromwellpropertygroup.com

Cromwell Property Group is an internally managed Australian real estate investment trust. It owns an Australian portfolio of (mostly office) properties and also develops and manages properties on behalf of third-party investors. The group is exploring opportunities to sell some assets, and to spin out its office portfolio into a separate REIT, leaving the Cromwell business to focus more on funds management. The timetable is uncertain given high interest rates are a headwind for property sales and sentiment toward office stocks has been depressed since the rise of hybrid working.

Cromwell Property Group (ASX:CMW) Headlines

No Headlines