Develop North (LSE:DVNO) Price-to-Tangible-Book : 0.99 (As of Jun. 02, 2024)

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What is Develop North Price-to-Tangible-Book?

As of today (2024-06-02), Develop North's share price is £0.78. Develop North's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was £0.79. Hence, Develop North's Price to Tangible Book Ratio of today is 0.99.

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

LSE:DVNO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.99 Med: 1.05 Max: 1.24
Current: 0.99

During the past 8 years, Develop North's highest Price to Tangible Book Ratio was 1.24. The lowest was 0.99. And the median was 1.05.

LSE:DVNO's Price-to-Tangible-Book is ranked worse than
57.46% of 1622 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:DVNO: 0.99

A closely related ratio is called PB Ratio. As of today, Develop North's share price is £0.78. Develop North's Book Value per Sharefor the quarter that ended in Nov. 2023 was £0.79. Hence, Develop North's P/B Ratio of today is 0.99.

Develop North Price-to-Tangible-Book Historical Data

The historical data trend for Develop North'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.

Develop North Price-to-Tangible-Book Chart

Develop North Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.24

1.03

1.05

1.01

Develop North Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Price-to-Tangible-Book	Get a 7-Day Free Trial									1.03	1.03	1.05	1.02	1.01

Competitive Comparison of Develop North's Price-to-Tangible-Book

For the Asset Management subindustry, Develop North'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.

Develop North's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

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

Develop North Price-to-Tangible-Book Calculation

Develop North's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Nov. 2023 )
	=	0.78	/	0.789
	=	0.99

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.

Develop North Price-to-Tangible-Book Related Terms

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

Develop North (LSE:DVNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Develop North PLC (LSE:DVNO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rodney Way, Hamilton Centre, Chelmsford, Essex, GBR, CM1 3BY

Website

https://www.developnorth.co.uk

Develop North PLC is a closed-end investment company. The investment objective of the company is to provide shareholders with a consistent and stable income and potential for an attractive total return over the medium to long term while managing downside risk through a diversified portfolio of fixed loans predominantly secured over land and property in the UK, and receiving the benefit of an associated profit share arrangement usually obtained by acquiring a minority stake in the relevant borrower project development vehicle.

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