RE Royalties (TSXV:RE) Price-to-Tangible-Book : 1.27 (As of Apr. 29, 2024)

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What is RE Royalties Price-to-Tangible-Book?

As of today (2024-04-29), RE Royalties's share price is C$0.50. RE Royalties's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was C$0.40. Hence, RE Royalties's Price to Tangible Book Ratio of today is 1.27.

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

TSXV:RE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.25 Med: 1.83 Max: 5.28
Current: 1.25

During the past 6 years, RE Royalties's highest Price to Tangible Book Ratio was 5.28. The lowest was 1.25. And the median was 1.83.

TSXV:RE's Price-to-Tangible-Book is ranked better than
56.52% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.39 vs TSXV:RE: 1.25

A closely related ratio is called PB Ratio. As of today, RE Royalties's share price is C$0.50. RE Royalties's Book Value per Sharefor the quarter that ended in Sep. 2023 was C$0.40. Hence, RE Royalties's P/B Ratio of today is 1.27.

RE Royalties Price-to-Tangible-Book Historical Data

The historical data trend for RE Royalties'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.

RE Royalties Price-to-Tangible-Book Chart

RE Royalties Annual Data

Trend

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

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4.43

1.77

2.99

2.36

1.63

RE Royalties Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.66	1.45	1.63	1.31	1.27

Competitive Comparison of RE Royalties's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, RE Royalties'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.

RE Royalties's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, RE Royalties's Price-to-Tangible-Book distribution charts can be found below:

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

RE Royalties Price-to-Tangible-Book Calculation

RE Royalties's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.50	/	0.395
	=	1.27

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.

RE Royalties Price-to-Tangible-Book Related Terms

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

RE Royalties (TSXV:RE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » RE Royalties Ltd (TSXV:RE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

RROYF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.reroyalties.com

RE Royalties Ltd is engaged in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies by providing a non-dilutive royalty financing solution to privately held and publicly traded renewable energy generation and development companies and clean energy technology companies. Its solutions provide a non-dilutive, flexible, and low-cost financing alternative that allows its clients to free up capital in order to grow their businesses.

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