Conduit Holdings (LSE:CRE) Price-to-Tangible-Book : 1.09 (As of May. 21, 2024)

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What is Conduit Holdings Price-to-Tangible-Book?

As of today (2024-05-21), Conduit Holdings's share price is £5.37. Conduit Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £4.94. Hence, Conduit Holdings's Price to Tangible Book Ratio of today is 1.09.

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

LSE:CRE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.95 Med: 0.98 Max: 1.09
Current: 1.09

During the past 4 years, Conduit Holdings's highest Price to Tangible Book Ratio was 1.09. The lowest was 0.95. And the median was 0.98.

LSE:CRE's Price-to-Tangible-Book is ranked better than
61.69% of 462 companies
in the Insurance industry
Industry Median: 1.335 vs LSE:CRE: 1.09

A closely related ratio is called PB Ratio. As of today, Conduit Holdings's share price is £5.37. Conduit Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was £4.94. Hence, Conduit Holdings's P/B Ratio of today is 1.09.

Conduit Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Conduit Holdings'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.

Conduit Holdings Price-to-Tangible-Book Chart

Conduit Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.06

0.96

0.99

0.95

Conduit Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			0.96	0.77	0.99	1.05	0.95

Competitive Comparison of Conduit Holdings's Price-to-Tangible-Book

For the Insurance - Reinsurance subindustry, Conduit Holdings'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.

Conduit Holdings's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Conduit Holdings's Price-to-Tangible-Book distribution charts can be found below:

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

Conduit Holdings Price-to-Tangible-Book Calculation

Conduit Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	5.37	/	4.935
	=	1.09

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.

Conduit Holdings Price-to-Tangible-Book Related Terms

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

Conduit Holdings (LSE:CRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conduit Holdings Ltd (LSE:CRE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CNDHF:USA CREl:UK CHO:Germany

Address

94 Pitts Bay Road, Ideation House, Pembroke, BMU, HM08

Website

https://www.conduitreinsurance.com

Conduit Holdings Ltd operates in the insurance industry. The company is engaged in the business of property and casualty reinsurance underwriting. The underwriting business is comprised of three principal divisions: property, casualty, and specialty. The majority is from the property division. Geographically, the majority is from the United States.

Conduit Holdings (LSE:CRE) Headlines

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