New Zealand Rural Land Co (NZSE:NZL) Price-to-Tangible-Book : 0.52 (As of May. 15, 2024)

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What is New Zealand Rural Land Co Price-to-Tangible-Book?

As of today (2024-05-15), New Zealand Rural Land Co's share price is NZ$0.89. New Zealand Rural Land Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was NZ$1.73. Hence, New Zealand Rural Land Co's Price to Tangible Book Ratio of today is 0.52.

The historical rank and industry rank for New Zealand Rural Land Co's Price-to-Tangible-Book or its related term are showing as below:

NZSE:NZL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.49 Med: 0.53 Max: 0.57
Current: 0.51

During the past 2 years, New Zealand Rural Land Co's highest Price to Tangible Book Ratio was 0.57. The lowest was 0.49. And the median was 0.53.

NZSE:NZL's Price-to-Tangible-Book is ranked better than
70.32% of 1725 companies
in the Real Estate industry
Industry Median: 0.83 vs NZSE:NZL: 0.51

A closely related ratio is called PB Ratio. As of today, New Zealand Rural Land Co's share price is NZ$0.89. New Zealand Rural Land Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was NZ$1.73. Hence, New Zealand Rural Land Co's P/B Ratio of today is 0.52.

New Zealand Rural Land Co Price-to-Tangible-Book Historical Data

The historical data trend for New Zealand Rural Land Co'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.

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New Zealand Rural Land Co Price-to-Tangible-Book Chart

New Zealand Rural Land Co Annual Data

Trend

Jun22

Dec23

Price-to-Tangible-Book

0.57

0.49

New Zealand Rural Land Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	0.84	0.57	0.61	0.57	0.49

Competitive Comparison of New Zealand Rural Land Co's Price-to-Tangible-Book

For the Real Estate Services subindustry, New Zealand Rural Land Co'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.

New Zealand Rural Land Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New Zealand Rural Land Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where New Zealand Rural Land Co's Price-to-Tangible-Book falls into.

New Zealand Rural Land Co Price-to-Tangible-Book Calculation

New Zealand Rural Land Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.89	/	1.725
	=	0.52

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.

New Zealand Rural Land Co Price-to-Tangible-Book Related Terms

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

New Zealand Rural Land Co (NZSE:NZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Zealand Rural Land Co Ltd (NZSE:NZL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

8UK:Germany

Address

c/o Duncan Cotterill, Level 2, Chartered Accountants, 50 Customhouse Quay, Wellington, NZL, 6011

Website

https://www.nzrlc.co.nz

New Zealand Rural Land Co Ltd operates as a real estate company that offers investors exposure to rural land as an asset class without direct involvement in agricultural operations. Its principal activity is an investment in New Zealand's rural farmland. The company seeks an opportunity to focus on dairyland, due to a combination of recent legislative and bank lending changes.

New Zealand Rural Land Co (NZSE:NZL) Headlines

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