Argosy Property (NZSE:ARG) Price-to-Tangible-Book : 0.74 (As of May. 21, 2024)

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What is Argosy Property Price-to-Tangible-Book?

As of today (2024-05-21), Argosy Property's share price is NZ$1.12. Argosy Property's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was NZ$1.52. Hence, Argosy Property's Price to Tangible Book Ratio of today is 0.74.

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

NZSE:ARG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.67 Med: 0.97 Max: 1.19
Current: 0.74

During the past 13 years, Argosy Property's highest Price to Tangible Book Ratio was 1.19. The lowest was 0.67. And the median was 0.97.

NZSE:ARG's Price-to-Tangible-Book is ranked better than
66.87% of 839 companies
in the REITs industry
Industry Median: 0.83 vs NZSE:ARG: 0.74

A closely related ratio is called PB Ratio. As of today, Argosy Property's share price is NZ$1.12. Argosy Property's Book Value per Sharefor the quarter that ended in Sep. 2023 was NZ$1.52. Hence, Argosy Property's P/B Ratio of today is 0.74.

Argosy Property Price-to-Tangible-Book Historical Data

The historical data trend for Argosy Property'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.

Argosy Property Price-to-Tangible-Book Chart

Argosy Property Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.05

0.67

0.94

0.79

0.70

Argosy Property 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															0.99	0.79	0.70	0.70	0.74

Competitive Comparison of Argosy Property's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Argosy Property'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.

Argosy Property's Price-to-Tangible-Book Distribution in the REITs Industry

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

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

Argosy Property Price-to-Tangible-Book Calculation

Argosy Property's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	1.12	/	1.52
	=	0.74

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.

Argosy Property Price-to-Tangible-Book Related Terms

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

Argosy Property (NZSE:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Argosy Property Ltd (NZSE:ARG) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

IGPYF:USA

Address

Victoria Street West, P.O. Box 90214, 39 Market Place, Auckland, NTL, NZL, 1142

Website

https://www.argosy.co.nz

Argosy Property Ltd's business activity is to invest in and actively manage properties throughout New Zealand. The company's portfolio is centred on the Auckland and Wellington markets and is diversified by industrial, office and Large format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centres, and entertainment venues.

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