Abacus Storage King (ASX:ASK) Price-to-Tangible-Book : 0.80 (As of May. 21, 2024)

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What is Abacus Storage King Price-to-Tangible-Book?

As of today (2024-05-21), Abacus Storage King's share price is A$1.195. Abacus Storage King's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$1.49. Hence, Abacus Storage King's Price to Tangible Book Ratio of today is 0.80.

The historical rank and industry rank for Abacus Storage King's Price-to-Tangible-Book or its related term are showing as below:

ASX:ASK' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.76 Med: 0.76 Max: 0.8
Current: 0.8

During the past 2 years, Abacus Storage King's highest Price to Tangible Book Ratio was 0.80. The lowest was 0.76. And the median was 0.76.

ASX:ASK's Price-to-Tangible-Book is ranked better than
54.11% of 839 companies
in the REITs industry
Industry Median: 0.83 vs ASX:ASK: 0.80

A closely related ratio is called PB Ratio. As of today, Abacus Storage King's share price is A$1.195. Abacus Storage King's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$1.54. Hence, Abacus Storage King's P/B Ratio of today is 0.78.

Abacus Storage King Price-to-Tangible-Book Historical Data

The historical data trend for Abacus Storage King's Price-to-Tangible-Book 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.

Abacus Storage King Price-to-Tangible-Book Chart

Abacus Storage King Annual Data

Trend

Jun21

Jun22

Price-to-Tangible-Book

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Price-to-Tangible-Book	-	-	-	0.76

Competitive Comparison of Abacus Storage King's Price-to-Tangible-Book

For the REIT - Industrial subindustry, Abacus Storage King's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Abacus Storage King's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Abacus Storage King's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Abacus Storage King's Price-to-Tangible-Book falls into.

Abacus Storage King Price-to-Tangible-Book Calculation

Abacus Storage King's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.195	/	1.485
	=	0.80

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

Abacus Storage King Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Abacus Storage King's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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