Cromwell Property Group (ASX:CMW) PB Ratio : 0.57 (As of Apr. 30, 2024)

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What is Cromwell Property Group 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 (2024-04-30), Cromwell Property Group's share price is A$0.41. Cromwell Property Group's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.72. Hence, Cromwell Property Group's PB Ratio of today is 0.57.

The historical rank and industry rank for Cromwell Property Group's PB Ratio or its related term are showing as below:

ASX:CMW' s PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 1.12 Max: 1.64
Current: 0.56

During the past 13 years, Cromwell Property Group's highest PB Ratio was 1.64. The lowest was 0.40. And the median was 1.12.

ASX:CMW's PB Ratio is ranked better than
81.53% of 850 companies
in the REITs industry
Industry Median: 0.83 vs ASX:CMW: 0.56

During the past 12 months, Cromwell Property Group's average Book Value Per Share Growth Rate was -26.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -5.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Cromwell Property Group was 200.80% per year. The lowest was -10.50% per year. And the median was 8.55% per year.

Back to Basics: PB Ratio

Cromwell Property Group PB Ratio Historical Data

The historical data trend for Cromwell Property Group'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.

Cromwell Property Group PB Ratio Chart

Cromwell Property Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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1.18

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
PB Ratio	Get a 7-Day Free Trial															0.84	0.73	0.69	0.63	0.58

Competitive Comparison of Cromwell Property Group's PB Ratio

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

Cromwell Property Group's PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cromwell Property Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Cromwell Property Group's PB Ratio falls into.

Cromwell Property Group 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.

Cromwell Property Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.41	/	0.721
	=	0.57

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.

Cromwell Property Group (ASX:CMW) 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.

Cromwell Property Group PB Ratio Related Terms

Thank you for viewing the detailed overview of Cromwell Property Group's PB Ratio 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 » PB Ratio

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

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