Wharf Real Estate Investment Co (HKSE:01997) Price-to-Tangible-Book : 0.38 (As of Apr. 27, 2024)

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What is Wharf Real Estate Investment Co Price-to-Tangible-Book?

As of today (2024-04-27), Wharf Real Estate Investment Co's share price is HK$23.85. Wharf Real Estate Investment Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$63.04. Hence, Wharf Real Estate Investment Co's Price to Tangible Book Ratio of today is 0.38.

The historical rank and industry rank for Wharf Real Estate Investment Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:01997' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.38 Med: 0.65 Max: 0.76
Current: 0.38

During the past 10 years, Wharf Real Estate Investment Co's highest Price to Tangible Book Ratio was 0.76. The lowest was 0.38. And the median was 0.65.

HKSE:01997's Price-to-Tangible-Book is ranked better than
78.38% of 1721 companies
in the Real Estate industry
Industry Median: 0.81 vs HKSE:01997: 0.38

A closely related ratio is called PB Ratio. As of today, Wharf Real Estate Investment Co's share price is HK$23.85. Wharf Real Estate Investment Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$63.04. Hence, Wharf Real Estate Investment Co's P/B Ratio of today is 0.38.

Wharf Real Estate Investment Co Price-to-Tangible-Book Historical Data

The historical data trend for Wharf Real Estate Investment Co'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.

Wharf Real Estate Investment Co Price-to-Tangible-Book Chart

Wharf Real Estate Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.67

0.60

0.58

0.73

0.42

Wharf Real Estate Investment Co Semi-Annual Data
	Dec14	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													0.58	0.57	0.73	0.62	0.42

Competitive Comparison of Wharf Real Estate Investment Co's Price-to-Tangible-Book

For the Real Estate Services subindustry, Wharf Real Estate Investment Co'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.

Wharf Real Estate Investment Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wharf Real Estate Investment Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Wharf Real Estate Investment Co's Price-to-Tangible-Book falls into.

Wharf Real Estate Investment Co Price-to-Tangible-Book Calculation

Wharf Real Estate Investment Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	23.85	/	63.043
	=	0.38

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.

Wharf Real Estate Investment Co Price-to-Tangible-Book Related Terms

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

Wharf Real Estate Investment Co (HKSE:01997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wharf Real Estate Investment Co Ltd (HKSE:01997) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

WRFRF:USA 4WF:Germany

Address

https://www.wharfreic.com/en/investor/reports, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG

Website

https://www.wharfreic.com

Wharf spun off Wharf Real Estate Investment Co in November 2017. It is a leading property investor with a focus in prime retail assets in Hong Kong. Rental income from two flagship assets Harbour City and Times Square account for around 80% of revenue. The balance is made up of The Murray hotel, a suburban mall in Plaza Hollywood, two offices in Central CBD. The group also holds two malls in Singapore and a mixed-development in Suzhou. Wharf was originally a shipping company but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city-center and waterfront locations. The Harbour City site was previously wharfs, and the Times Square site was a tram depot in the 1970s. Wheelock holds a 45% stake in WREIC.

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