Redde Northgate (LSE:REDD) Price-to-Tangible-Book : 1.24 (As of May. 16, 2024)

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What is Redde Northgate Price-to-Tangible-Book?

As of today (2024-05-16), Redde Northgate's share price is £4.275. Redde Northgate's Tangible Book per Share of Oct. 2023 for the quarter that ended in Oct. 2023 was £3.44. Hence, Redde Northgate's Price to Tangible Book Ratio of today is 1.24.

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

LSE:REDD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.75 Med: 1.15 Max: 2.05
Current: 1.24

During the past 13 years, Redde Northgate's highest Price to Tangible Book Ratio was 2.05. The lowest was 0.75. And the median was 1.15.

LSE:REDD's Price-to-Tangible-Book is ranked better than
68.2% of 868 companies
in the Business Services industry
Industry Median: 2.08 vs LSE:REDD: 1.24

A closely related ratio is called PB Ratio. As of today, Redde Northgate's share price is £4.275. Redde Northgate's Book Value per Sharefor the quarter that ended in Oct. 2023 was £4.46. Hence, Redde Northgate's P/B Ratio of today is 0.96.

Redde Northgate Price-to-Tangible-Book Historical Data

The historical data trend for Redde Northgate'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.

Redde Northgate Price-to-Tangible-Book Chart

Redde Northgate Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Price-to-Tangible-Book

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0.89

0.78

1.44

1.42

1.14

Redde Northgate 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															1.49	1.42	1.11	1.14	0.98

Competitive Comparison of Redde Northgate's Price-to-Tangible-Book

For the Rental & Leasing Services subindustry, Redde Northgate'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.

Redde Northgate's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Redde Northgate's Price-to-Tangible-Book distribution charts can be found below:

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

Redde Northgate Price-to-Tangible-Book Calculation

Redde Northgate's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Oct. 2023 )
	=	4.275	/	3.436
	=	1.24

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.

Redde Northgate Price-to-Tangible-Book Related Terms

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

Redde Northgate (LSE:REDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redde Northgate PLC (LSE:REDD) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

REDDl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.

Redde Northgate (LSE:REDD) Headlines

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