Polar Capital Technology Trust (LSE:PCT) Price-to-Tangible-Book : 1.18 (As of May. 07, 2024)

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What is Polar Capital Technology Trust Price-to-Tangible-Book?

As of today (2024-05-07), Polar Capital Technology Trust's share price is £29.55. Polar Capital Technology Trust's Tangible Book per Share of Oct. 2023 for the quarter that ended in Oct. 2023 was £25.10. Hence, Polar Capital Technology Trust's Price to Tangible Book Ratio of today is 1.18.

The historical rank and industry rank for Polar Capital Technology Trust's Price-to-Tangible-Book or its related term are showing as below:

LSE:PCT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.85 Med: 0.95 Max: 1.18
Current: 1.18

During the past 13 years, Polar Capital Technology Trust's highest Price to Tangible Book Ratio was 1.18. The lowest was 0.85. And the median was 0.95.

LSE:PCT's Price-to-Tangible-Book is ranked worse than
76.23% of 1624 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:PCT: 1.18

A closely related ratio is called PB Ratio. As of today, Polar Capital Technology Trust's share price is £29.55. Polar Capital Technology Trust's Book Value per Sharefor the quarter that ended in Oct. 2023 was £25.10. Hence, Polar Capital Technology Trust's P/B Ratio of today is 1.18.

Polar Capital Technology Trust Price-to-Tangible-Book Historical Data

The historical data trend for Polar Capital Technology Trust'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.

Polar Capital Technology Trust Price-to-Tangible-Book Chart

Polar Capital Technology Trust Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Price-to-Tangible-Book

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0.94

1.03

0.95

0.88

0.87

Polar Capital Technology Trust Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.90	0.88	0.91	0.87	0.85

Competitive Comparison of Polar Capital Technology Trust's Price-to-Tangible-Book

For the Asset Management subindustry, Polar Capital Technology Trust'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.

Polar Capital Technology Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Polar Capital Technology Trust's Price-to-Tangible-Book falls into.

Polar Capital Technology Trust Price-to-Tangible-Book Calculation

Polar Capital Technology Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Oct. 2023 )
	=	29.55	/	25.096
	=	1.18

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.

Polar Capital Technology Trust Price-to-Tangible-Book Related Terms

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

Polar Capital Technology Trust (LSE:PCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Technology Trust PLC (LSE:PCT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

PCTl:UK

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapitaltechnologytrust.co.uk

Polar Capital Technology Trust PLC is a UK-based investment trust company. The company's investment objective is to maximize long-term capital growth by investing in a diversified portfolio of technology companies across the world. Geographically, the company earns investment income from North America, Europe, and the Asia Pacific region. It invests in Software, Interactive Media and Services, Semiconductors and Semiconductor Equipment, Technology Hardware, Storage and Peripherals, Internet and Direct Marketing Retail, IT Services, Entertainment, and other sectors.