Workspace Group (LSE:WKP) Price-to-Tangible-Book : 0.65 (As of May. 15, 2024)

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What is Workspace Group Price-to-Tangible-Book?

As of today (2024-05-15), Workspace Group's share price is £5.43. Workspace Group's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was £8.37. Hence, Workspace Group's Price to Tangible Book Ratio of today is 0.65.

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

LSE:WKP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.41 Med: 0.85 Max: 1.2
Current: 0.65

During the past 13 years, Workspace Group's highest Price to Tangible Book Ratio was 1.20. The lowest was 0.41. And the median was 0.85.

LSE:WKP's Price-to-Tangible-Book is ranked better than
72.23% of 839 companies
in the REITs industry
Industry Median: 0.83 vs LSE:WKP: 0.65

A closely related ratio is called PB Ratio. As of today, Workspace Group's share price is £5.43. Workspace Group's Book Value per Sharefor the quarter that ended in Sep. 2023 was £8.38. Hence, Workspace Group's P/B Ratio of today is 0.65.

Workspace Group Price-to-Tangible-Book Historical Data

The historical data trend for Workspace Group'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.

Workspace Group Price-to-Tangible-Book Chart

Workspace Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.89

0.69

0.84

0.69

0.47

Workspace Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.88	0.69	0.41	0.47	0.59

Competitive Comparison of Workspace Group's Price-to-Tangible-Book

For the REIT - Office subindustry, Workspace Group'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.

Workspace Group's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Workspace Group's Price-to-Tangible-Book distribution charts can be found below:

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

Workspace Group Price-to-Tangible-Book Calculation

Workspace Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	5.43	/	8.366
	=	0.65

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.

Workspace Group Price-to-Tangible-Book Related Terms

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

Workspace Group (LSE:WKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Workspace Group PLC (LSE:WKP) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

WKPl:UK

Address

1-3 Brixton Road, Canterbury Court, Kennington Park, London, GBR, SW9 6DE

Website

https://www.workspace.co.uk

Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.

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