Vicinity Centres (ASX:VCX) PB Ratio : 0.80 (As of May. 02, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Vicinity Centres 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), Vicinity Centres's share price is A$1.87. Vicinity Centres's Book Value per Share for the quarter that ended in Dec. 2023 was A$2.32. Hence, Vicinity Centres's PB Ratio of today is 0.80.

Good Sign:

Vicinity Centres stock PB Ratio (=0.81) is close to 1-year low of 0.73

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

ASX:VCX' s PB Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.86 Max: 1.28
Current: 0.81

During the past 12 years, Vicinity Centres's highest PB Ratio was 1.28. The lowest was 0.31. And the median was 0.86.

ASX:VCX's PB Ratio is ranked better than
53.59% of 849 companies
in the REITs industry
Industry Median: 0.83 vs ASX:VCX: 0.81

During the past 12 months, Vicinity Centres's average Book Value Per Share Growth Rate was -2.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -6.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -1.00% per year.

During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Vicinity Centres was 5.70% per year. The lowest was -11.10% per year. And the median was 2.30% per year.

Back to Basics: PB Ratio

Vicinity Centres PB Ratio Historical Data

The historical data trend for Vicinity Centres'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.

Vicinity Centres PB Ratio Chart

Vicinity Centres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

Get a 7-Day Free Trial

0.80

0.61

0.70

0.77

0.79

Vicinity Centres 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															0.73	0.77	0.84	0.79	0.88

Competitive Comparison of Vicinity Centres's PB Ratio

For the REIT - Retail subindustry, Vicinity Centres'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.

Vicinity Centres's PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Vicinity Centres's PB Ratio falls into.

Vicinity Centres 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.

Vicinity Centres's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.87	/	2.324
	=	0.80

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.

Vicinity Centres (ASX:VCX) 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.

Vicinity Centres PB Ratio Related Terms

Thank you for viewing the detailed overview of Vicinity Centres's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Vicinity Centres (ASX:VCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vicinity Centres (ASX:VCX) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

CNRAF:USA

Address

1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148

Website

https://www.vicinity.com.au

Vicinity was created after the merger of Federation Centres and Novion in June 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 14 billion. The assets are skewed to large, high-end shopping centres, with about half in major regional malls, a fifth in subregional, 15% in CBD locations, 13% in outlet centres, and 1% in neighbourhood malls.

Vicinity Centres (ASX:VCX) Headlines

No Headlines