Albion Development VCT (LSE:AADV) Price-to-Tangible-Book : 0.96 (As of Jun. 08, 2024)

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What is Albion Development VCT Price-to-Tangible-Book?

As of today (2024-06-08), Albion Development VCT's share price is £0.85. Albion Development VCT's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £0.89. Hence, Albion Development VCT's Price to Tangible Book Ratio of today is 0.96.

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

LSE:AADV' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.89 Med: 0.93 Max: 0.98
Current: 0.96

During the past 13 years, Albion Development VCT's highest Price to Tangible Book Ratio was 0.98. The lowest was 0.89. And the median was 0.93.

LSE:AADV's Price-to-Tangible-Book is ranked worse than
51.3% of 1616 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:AADV: 0.96

A closely related ratio is called PB Ratio. As of today, Albion Development VCT's share price is £0.85. Albion Development VCT's Book Value per Sharefor the quarter that ended in Dec. 2023 was £0.89. Hence, Albion Development VCT's P/B Ratio of today is 0.96.

Albion Development VCT Price-to-Tangible-Book Historical Data

The historical data trend for Albion Development VCT'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.

Albion Development VCT Price-to-Tangible-Book Chart

Albion Development VCT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.95

0.90

0.93

0.98

0.95

Albion Development VCT 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															0.93	0.97	0.98	0.96	0.95

Competitive Comparison of Albion Development VCT's Price-to-Tangible-Book

For the Asset Management subindustry, Albion Development VCT'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.

Albion Development VCT's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Albion Development VCT's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Albion Development VCT's Price-to-Tangible-Book falls into.

Albion Development VCT Price-to-Tangible-Book Calculation

Albion Development VCT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.85	/	0.887
	=	0.96

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.

Albion Development VCT Price-to-Tangible-Book Related Terms

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

Albion Development VCT (LSE:AADV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Albion Development VCT PLC (LSE:AADV) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

1 Benjamin Street, London, GBR, EC1M 5QL

Website

https://www.albion.capital

Albion Development VCT PLC is a venture capital trust. Its investment objective is to provide investors with a regular and predictable source of dividend income combined with the prospects of long-term capital growth. This is achieved by establishing a diversified portfolio of holdings in smaller, unquoted companies whilst at the same time selecting and structuring investments in such a way as to reduce the risks normally associated with an investment in such companies. Group's investment portfolio includes various sectors such as IT, cash and cash equivalents, FinTech, education, renewable energy, healthcare, travel and retail, business services, and support services. Albion generates revenue from loan stock interest and dividend income.

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