Netwealth Group (ASX:NWL) Price-to-Tangible-Book : 40.57 (As of May. 16, 2024)

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What is Netwealth Group Price-to-Tangible-Book?

As of today (2024-05-16), Netwealth Group's share price is A$20.77. Netwealth Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.51. Hence, Netwealth Group's Price to Tangible Book Ratio of today is 40.57.

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

ASX:NWL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 27.02 Med: 29.96 Max: 45.25
Current: 40.73

During the past 6 years, Netwealth Group's highest Price to Tangible Book Ratio was 45.25. The lowest was 27.02. And the median was 29.96.

ASX:NWL's Price-to-Tangible-Book is ranked worse than
99.17% of 722 companies
in the Capital Markets industry
Industry Median: 1.325 vs ASX:NWL: 40.73

A closely related ratio is called PB Ratio. As of today, Netwealth Group's share price is A$20.77. Netwealth Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.55. Hence, Netwealth Group's P/B Ratio of today is 38.04.

Netwealth Group Price-to-Tangible-Book Historical Data

The historical data trend for Netwealth Group'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.

Netwealth Group Price-to-Tangible-Book Chart

Netwealth Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

29.96

28.12

45.25

29.09

28.95

Netwealth Group 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								44.56	29.09	27.38	28.95	30.08

Competitive Comparison of Netwealth Group's Price-to-Tangible-Book

For the Capital Markets subindustry, Netwealth Group'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.

Netwealth Group's Price-to-Tangible-Book Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Netwealth Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Netwealth Group's Price-to-Tangible-Book falls into.

Netwealth Group Price-to-Tangible-Book Calculation

Netwealth Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	20.77	/	0.512
	=	40.57

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.

Netwealth Group Price-to-Tangible-Book Related Terms

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

Netwealth Group (ASX:NWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Netwealth Group Ltd (ASX:NWL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Flinders Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.netwealth.com.au

Netwealth provides cloud-based investment administration software as a service, or SaaS, in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform which are managed by third-party investment managers.