Argo Group (LSE:ARGO) Price-to-Tangible-Book : 0.43 (As of May. 21, 2024)

View and export this data going back to 2008. Start your Free Trial

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

As of today (2024-05-21), Argo Group's share price is £0.045. Argo Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £0.10. Hence, Argo Group's Price to Tangible Book Ratio of today is 0.43.

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

LSE:ARGO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.27 Med: 0.45 Max: 0.59
Current: 0.45

During the past 13 years, Argo Group's highest Price to Tangible Book Ratio was 0.59. The lowest was 0.27. And the median was 0.45.

LSE:ARGO's Price-to-Tangible-Book is ranked better than
92.99% of 1626 companies
in the Asset Management industry
Industry Median: 0.96 vs LSE:ARGO: 0.45

A closely related ratio is called PB Ratio. As of today, Argo Group's share price is £0.045. Argo Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was £0.10. Hence, Argo Group's P/B Ratio of today is 0.43.

Argo Group Price-to-Tangible-Book Historical Data

The historical data trend for Argo 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.

Argo Group Price-to-Tangible-Book Chart

Argo Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.59

0.42

0.44

0.27

0.53

Argo Group 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															0.44	0.35	0.27	0.23	0.53

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

For the Asset Management subindustry, Argo 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.

Argo Group's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

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

Argo Group Price-to-Tangible-Book Calculation

Argo 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 )
	=	0.045	/	0.104
	=	0.43

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.

Argo Group Price-to-Tangible-Book Related Terms

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

Argo Group (LSE:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Argo Group Ltd (LSE:ARGO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

IW6:Germany

Address

24-25 New Bond Street, 2nd Floor, London, GBR, W1S 2RR

Website

https://www.argogrouplimited.com

Argo Group Ltd is an investment management company that invests in multi-strategy investment in emerging markets. Its investment objective is to provide investors with absolute returns on the funds. The group aims to deliver low volatility, double-digit absolute returns through a fundamental, bottom-up investment approach. The Group's funds invest in performing fixed-income securities, both sovereign and corporate, distressed debt, and real estate. The company operates as a single asset management business.