Gowra Leasing & Finance (BOM:530709) Price-to-Tangible-Book : 0.71 (As of Jun. 08, 2024)

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What is Gowra Leasing & Finance Price-to-Tangible-Book?

As of today (2024-06-08), Gowra Leasing & Finance's share price is ₹40.91. Gowra Leasing & Finance's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ₹57.82. Hence, Gowra Leasing & Finance's Price to Tangible Book Ratio of today is 0.71.

The historical rank and industry rank for Gowra Leasing & Finance's Price-to-Tangible-Book or its related term are showing as below:

BOM:530709' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.34 Med: 0.44 Max: 0.71
Current: 0.71

During the past 13 years, Gowra Leasing & Finance's highest Price to Tangible Book Ratio was 0.71. The lowest was 0.34. And the median was 0.44.

BOM:530709's Price-to-Tangible-Book is ranked better than
68.62% of 494 companies
in the Credit Services industry
Industry Median: 1.06 vs BOM:530709: 0.71

A closely related ratio is called PB Ratio. As of today, Gowra Leasing & Finance's share price is ₹40.91. Gowra Leasing & Finance's Book Value per Sharefor the quarter that ended in Mar. 2024 was ₹57.82. Hence, Gowra Leasing & Finance's P/B Ratio of today is 0.71.

Gowra Leasing & Finance Price-to-Tangible-Book Historical Data

The historical data trend for Gowra Leasing & Finance'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.

Gowra Leasing & Finance Price-to-Tangible-Book Chart

Gowra Leasing & Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.35

0.36

0.48

0.37

0.63

Gowra Leasing & Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.37	-	0.47	-	0.63

Competitive Comparison of Gowra Leasing & Finance's Price-to-Tangible-Book

For the Credit Services subindustry, Gowra Leasing & Finance'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.

Gowra Leasing & Finance's Price-to-Tangible-Book Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Gowra Leasing & Finance's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Gowra Leasing & Finance's Price-to-Tangible-Book falls into.

Gowra Leasing & Finance Price-to-Tangible-Book Calculation

Gowra Leasing & Finance's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	40.91	/	57.815
	=	0.71

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.

Gowra Leasing & Finance Price-to-Tangible-Book Related Terms

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

Gowra Leasing & Finance (BOM:530709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Gowra Leasing & Finance Ltd (BOM:530709) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

1-8-384 and 385, S.P. Road, No. 501, 5th Floor, Gowra Grand, Behind Gowra Plaza, Begumpet, Secunderabad, TG, IND, 500003

Website

https://www.gowraleasing.com

Gowra Leasing & Finance Ltd is engaged in providing financial services. It is a non-banking financial company. The company operates its business through the only segment being Investment and Financing Activities. Its services consist of inter-corporate deposits, mortgage loans, bill discounting, and loans against shares. The company receives maximum revenue in the form of interest income. Geographically, the company operates only in the Indian market.

Gowra Leasing & Finance (BOM:530709) Headlines

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