Afrocentric Investment (JSE:ACT) Price-to-Tangible-Book : 4.04 (As of May. 23, 2024)

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What is Afrocentric Investment Price-to-Tangible-Book?

As of today (2024-05-23), Afrocentric Investment's share price is R2.83. Afrocentric Investment's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was R0.70. Hence, Afrocentric Investment's Price to Tangible Book Ratio of today is 4.04.

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

JSE:ACT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.04 Med: 8.52 Max: 23.82
Current: 4.04

During the past 13 years, Afrocentric Investment's highest Price to Tangible Book Ratio was 23.82. The lowest was 4.04. And the median was 8.52.

JSE:ACT's Price-to-Tangible-Book is ranked worse than
58.16% of 478 companies
in the Healthcare Providers & Services industry
Industry Median: 3.15 vs JSE:ACT: 4.04

A closely related ratio is called PB Ratio. As of today, Afrocentric Investment's share price is R2.83. Afrocentric Investment's Book Value per Sharefor the quarter that ended in Dec. 2023 was R4.43. Hence, Afrocentric Investment's P/B Ratio of today is 0.64.

Afrocentric Investment Price-to-Tangible-Book Historical Data

The historical data trend for Afrocentric Investment'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.

Afrocentric Investment Price-to-Tangible-Book Chart

Afrocentric Investment Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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8.52

Afrocentric Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	-	8.52	4.71

Competitive Comparison of Afrocentric Investment's Price-to-Tangible-Book

For the Medical Care Facilities subindustry, Afrocentric Investment'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.

Afrocentric Investment's Price-to-Tangible-Book Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Afrocentric Investment's Price-to-Tangible-Book distribution charts can be found below:

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

Afrocentric Investment Price-to-Tangible-Book Calculation

Afrocentric Investment's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.83	/	0.701
	=	4.04

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.

Afrocentric Investment Price-to-Tangible-Book Related Terms

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Afrocentric Investment (JSE:ACT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Afrocentric Investment Corp Ltd (JSE:ACT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

37 Conrad Road, Florida North, Roodepoort, ZAF, 1709

Website

http://www.afrocentric.za.com

Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. It also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology solutions, transactional switching, specialized disease management, pharmaceutical wholesaling, amongst others.