Scentre Group (ASX:SCG) PB Ratio : 0.92 (As of Apr. 30, 2024)

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What is Scentre 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), Scentre Group's share price is A$3.18. Scentre Group's Book Value per Share for the quarter that ended in Dec. 2023 was A$3.44. Hence, Scentre Group's PB Ratio of today is 0.92.

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

ASX:SCG' s PB Ratio Range Over the Past 10 Years
Min: 0.34 Med: 0.9 Max: 1.6
Current: 0.92

During the past 13 years, Scentre Group's highest PB Ratio was 1.60. The lowest was 0.34. And the median was 0.90.

ASX:SCG's PB Ratio is ranked worse than
57.29% of 850 companies
in the REITs industry
Industry Median: 0.84 vs ASX:SCG: 0.92

During the past 12 months, Scentre Group's average Book Value Per Share Growth Rate was -3.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -5.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Scentre Group was 11.70% per year. The lowest was -7.10% per year. And the median was -1.30% per year.

Back to Basics: PB Ratio

Scentre Group PB Ratio Historical Data

The historical data trend for Scentre 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.

Scentre Group PB Ratio Chart

Scentre Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.86

0.77

0.86

0.81

0.87

Scentre 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															0.86	0.70	0.81	0.75	0.87

Competitive Comparison of Scentre Group's PB Ratio

For the REIT - Retail subindustry, Scentre 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.

Scentre Group's PB Ratio Distribution in the REITs Industry

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

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

Scentre 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	3.18	/	3.441
	=	0.92

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.

Scentre Group (ASX:SCG) 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.

Scentre Group PB Ratio Related Terms

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Scentre Group (ASX:SCG) Business Description

Industry

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

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STGPF:USA

Address

85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.scentregroup.com

Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.