HomeCo Daily Needs REIT (ASX:HDN) PB Ratio : 0.88 (As of May. 21, 2024)

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What is HomeCo Daily Needs REIT PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-21), HomeCo Daily Needs REIT's share price is A$1.26. HomeCo Daily Needs REIT's Book Value per Share for the quarter that ended in Dec. 2023 was A$1.44. Hence, HomeCo Daily Needs REIT's PB Ratio of today is 0.88.

The historical rank and industry rank for HomeCo Daily Needs REIT's PB Ratio or its related term are showing as below:

ASX:HDN' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.92
Current: 0.87

During the past 2 years, HomeCo Daily Needs REIT's highest PB Ratio was 0.92. The lowest was 0.00. And the median was 0.00.

ASX:HDN's PB Ratio is ranked worse than
52.94% of 850 companies
in the REITs industry
Industry Median: 0.83 vs ASX:HDN: 0.87

During the past 12 months, HomeCo Daily Needs REIT's average Book Value Per Share Growth Rate was -5.70% per year.

Back to Basics: PB Ratio

HomeCo Daily Needs REIT PB Ratio Historical Data

The historical data trend for HomeCo Daily Needs REIT's PB Ratio 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.

HomeCo Daily Needs REIT PB Ratio Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

PB Ratio

0.84

0.80

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	1.07	0.84	0.85	0.80	0.85

Competitive Comparison of HomeCo Daily Needs REIT's PB Ratio

For the REIT - Retail subindustry, HomeCo Daily Needs REIT'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.

HomeCo Daily Needs REIT's PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's PB Ratio distribution charts can be found below:

* The bar in red indicates where HomeCo Daily Needs REIT's PB Ratio falls into.

HomeCo Daily Needs REIT PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

HomeCo Daily Needs REIT's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.26	/	1.436
	=	0.88

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

HomeCo Daily Needs REIT (ASX:HDN) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

HomeCo Daily Needs REIT PB Ratio Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

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