abrdn Diversifiedome and Growth (LSE:ADIG) Price-to-Tangible-Book : 0.72 (As of Jun. 04, 2024)

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What is abrdn Diversifiedome and Growth Price-to-Tangible-Book?

As of today (2024-06-04), abrdn Diversifiedome and Growth's share price is £0.812. abrdn Diversifiedome and Growth's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was £1.13. Hence, abrdn Diversifiedome and Growth's Price to Tangible Book Ratio of today is 0.72.

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

LSE:ADIG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.72 Med: 0.84 Max: 0.96
Current: 0.72

During the past 13 years, abrdn Diversifiedome and Growth's highest Price to Tangible Book Ratio was 0.96. The lowest was 0.72. And the median was 0.84.

LSE:ADIG's Price-to-Tangible-Book is ranked better than
80.56% of 1615 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:ADIG: 0.72

A closely related ratio is called PB Ratio. As of today, abrdn Diversifiedome and Growth's share price is £0.812. abrdn Diversifiedome and Growth's Book Value per Sharefor the quarter that ended in Sep. 2023 was £1.13. Hence, abrdn Diversifiedome and Growth's P/B Ratio of today is 0.72.

abrdn Diversifiedome and Growth Price-to-Tangible-Book Historical Data

The historical data trend for abrdn Diversifiedome and Growth'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.

abrdn Diversifiedome and Growth Price-to-Tangible-Book Chart

abrdn Diversifiedome and Growth Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Price-to-Tangible-Book

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0.84

0.75

0.81

0.76

0.74

abrdn Diversifiedome and Growth Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.81	0.82	0.76	0.70	0.74

Competitive Comparison of abrdn Diversifiedome and Growth's Price-to-Tangible-Book

For the Asset Management subindustry, abrdn Diversifiedome and Growth'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.

abrdn Diversifiedome and Growth's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where abrdn Diversifiedome and Growth's Price-to-Tangible-Book falls into.

abrdn Diversifiedome and Growth Price-to-Tangible-Book Calculation

abrdn Diversifiedome and Growth's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.812	/	1.127
	=	0.72

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.

abrdn Diversifiedome and Growth Price-to-Tangible-Book Related Terms

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

abrdn Diversifiedome and Growth (LSE:ADIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Diversified Income and Growth PLC (LSE:ADIG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ADIGl:UK

Address

1 George Street, Edinburgh, GBR, EH2 2LL

Website

https://www.aberdeendiversified.co.uk

abrdn Diversified Income and Growth PLC is an investment trust. Its investment objective is a total portfolio return of LIBOR (London Interbank Offered Rate) plus 5.5% per annum (net of fees) over rolling five-year periods. It invests globally using a flexible multi-asset approach via quoted and unquoted investments. The company holds a diversified portfolio of financial instruments such as UK Equity Portfolio, Overseas Equity Income Sleeve, Fixed Income, Listed Alternatives, Cash and Cash Equivalents. The company has not restricted the exposure of investments for any geographical regions or sectors and will achieve an appropriate spread of risk by investing in a diversified portfolio of securities and other assets.

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