Mirvac Group (ASX:MGR) PB Ratio : 0.79 (As of May. 02, 2024)

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What is Mirvac 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 (2024-05-02), Mirvac Group's share price is A$2.05. Mirvac Group's Book Value per Share for the quarter that ended in Dec. 2023 was A$2.58. Hence, Mirvac Group's PB Ratio of today is 0.79.

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

ASX:MGR' s PB Ratio Range Over the Past 10 Years
Min: 0.67 Med: 1.05 Max: 1.38
Current: 0.79

During the past 13 years, Mirvac Group's highest PB Ratio was 1.38. The lowest was 0.67. And the median was 1.05.

ASX:MGR's PB Ratio is ranked better than
55.83% of 849 companies
in the REITs industry
Industry Median: 0.83 vs ASX:MGR: 0.79

During the past 12 months, Mirvac Group's average Book Value Per Share Growth Rate was -8.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mirvac Group was 10.10% per year. The lowest was -22.70% per year. And the median was 3.95% per year.

Back to Basics: PB Ratio

Mirvac Group PB Ratio Historical Data

The historical data trend for Mirvac 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.

Mirvac Group PB Ratio Chart

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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1.24

0.84

1.09

0.70

0.84

Mirvac 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															1.05	0.70	0.75	0.84	0.81

Competitive Comparison of Mirvac Group's PB Ratio

For the REIT - Diversified subindustry, Mirvac 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.

Mirvac Group's PB Ratio Distribution in the REITs Industry

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

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

Mirvac 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	2.05	/	2.579
	=	0.79

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.

Mirvac Group (ASX:MGR) 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.

Mirvac Group PB Ratio Related Terms

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Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

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