City of London Investment Trust (The) (LSE:CTY) Price-to-Tangible-Book : 1.04 (As of May. 06, 2024)

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What is City of London Investment Trust (The) Price-to-Tangible-Book?

As of today (2024-05-06), City of London Investment Trust (The)'s share price is £4.17. City of London Investment Trust (The)'s Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £4.02. Hence, City of London Investment Trust (The)'s Price to Tangible Book Ratio of today is 1.04.

The historical rank and industry rank for City of London Investment Trust (The)'s Price-to-Tangible-Book or its related term are showing as below:

LSE:CTY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 1.01 Max: 1.04
Current: 1.04

During the past 13 years, City of London Investment Trust (The)'s highest Price to Tangible Book Ratio was 1.04. The lowest was 0.97. And the median was 1.01.

LSE:CTY's Price-to-Tangible-Book is ranked worse than
65.95% of 1624 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:CTY: 1.04

A closely related ratio is called PB Ratio. As of today, City of London Investment Trust (The)'s share price is £4.17. City of London Investment Trust (The)'s Book Value per Sharefor the quarter that ended in Dec. 2023 was £4.02. Hence, City of London Investment Trust (The)'s P/B Ratio of today is 1.04.

City of London Investment Trust (The) Price-to-Tangible-Book Historical Data

The historical data trend for City of London Investment Trust (The)'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.

City of London Investment Trust (The) Price-to-Tangible-Book Chart

City of London Investment Trust (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.01

0.99

1.01

1.02

1.03

City of London Investment Trust (The) 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															0.97	1.02	1.04	1.03	1.02

Competitive Comparison of City of London Investment Trust (The)'s Price-to-Tangible-Book

For the Asset Management subindustry, City of London Investment Trust (The)'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.

City of London Investment Trust (The)'s Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, City of London Investment Trust (The)'s Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where City of London Investment Trust (The)'s Price-to-Tangible-Book falls into.

City of London Investment Trust (The) Price-to-Tangible-Book Calculation

City of London Investment Trust (The)'s price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.17	/	4.017
	=	1.04

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.

City of London Investment Trust (The) Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of City of London Investment Trust (The)'s Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

City of London Investment Trust (The) (LSE:CTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » City of London Investment Trust (The) PLC (LSE:CTY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Bishopsgate, London, GBR, EC2M 3AE

Website

http://www.cityinvestmenttrust.com

City of London Investment Trust (The) PLC is an investment trust which aims to provide long-term growth in income and capital through investments in equities listed on the London Stock Exchange. While the company mainly invests in equities, there is the flexibility to invest in debt securities, such as convertibles, corporate bonds, or government debt. It generates most of its revenue from investing in the UK market.

City of London Investment Trust (The) (LSE:CTY) Headlines

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