Dexus Convenience Retail REIT (ASX:DXC) Price-to-Tangible-Book : 1.67 (As of May. 21, 2024)

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What is Dexus Convenience Retail REIT Price-to-Tangible-Book?

As of today (2024-05-21), Dexus Convenience Retail REIT's share price is A$2.67. Dexus Convenience Retail REIT's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$1.60. Hence, Dexus Convenience Retail REIT's Price to Tangible Book Ratio of today is 1.67.

The historical rank and industry rank for Dexus Convenience Retail REIT's Price-to-Tangible-Book or its related term are showing as below:

ASX:DXC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.68 Med: 1.05 Max: 1.99
Current: 1.67

During the past 6 years, Dexus Convenience Retail REIT's highest Price to Tangible Book Ratio was 1.99. The lowest was 0.68. And the median was 1.05.

ASX:DXC's Price-to-Tangible-Book is ranked worse than
87.96% of 839 companies
in the REITs industry
Industry Median: 0.83 vs ASX:DXC: 1.67

A closely related ratio is called PB Ratio. As of today, Dexus Convenience Retail REIT's share price is A$2.67. Dexus Convenience Retail REIT's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$1.60. Hence, Dexus Convenience Retail REIT's P/B Ratio of today is 1.67.

Dexus Convenience Retail REIT Price-to-Tangible-Book Historical Data

The historical data trend for Dexus Convenience Retail REIT'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.

Dexus Convenience Retail REIT Price-to-Tangible-Book Chart

Dexus Convenience Retail REIT Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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1.05

1.04

1.01

0.71

0.68

Dexus Convenience Retail REIT Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial								0.94	0.71	1.67	0.68	1.63

Competitive Comparison of Dexus Convenience Retail REIT's Price-to-Tangible-Book

For the REIT - Retail subindustry, Dexus Convenience Retail REIT'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.

Dexus Convenience Retail REIT's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Dexus Convenience Retail REIT's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Dexus Convenience Retail REIT's Price-to-Tangible-Book falls into.

Dexus Convenience Retail REIT Price-to-Tangible-Book Calculation

Dexus Convenience Retail REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.67	/	1.596
	=	1.67

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.

Dexus Convenience Retail REIT Price-to-Tangible-Book Related Terms

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Dexus Convenience Retail REIT (ASX:DXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dexus Convenience Retail REIT (ASX:DXC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Bridge Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.dexus.com

Dexus Convenience Retail REIT is an Australian real estate investment trust. The company owns a portfolio of service stations and convenience retail assets located across Australia. The company derives all income from investments in properties located in Australia. The principal investment objective of the group is to invest in convenience retail properties that provide investors with a high and consistent income distribution that maintains its real value for the life of the group.