029 Group SE (XTER:Z29) PB Ratio : 4.95 (As of May. 12, 2024)

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What is 029 Group SE PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-12), 029 Group SE's share price is €15.50. 029 Group SE's Book Value per Share for the quarter that ended in Dec. 2023 was €3.13. Hence, 029 Group SE's PB Ratio of today is 4.95.

Good Sign:

029 Group SE stock PB Ratio (=4.89) is close to 2-year low of 4.89

The historical rank and industry rank for 029 Group SE's PB Ratio or its related term are showing as below:

XTER:Z29' s PB Ratio Range Over the Past 10 Years
Min: 4.89 Med: 23.04 Max: 27.26
Current: 4.89

During the past 6 years, 029 Group SE's highest PB Ratio was 27.26. The lowest was 4.89. And the median was 23.04.

XTER:Z29's PB Ratio is ranked worse than
94.79% of 1689 companies
in the Asset Management industry
Industry Median: 0.95 vs XTER:Z29: 4.89

During the past 12 months, 029 Group SE's average Book Value Per Share Growth Rate was -26.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 67.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 43.50% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of 029 Group SE was 83.20% per year. The lowest was -7.30% per year. And the median was 67.70% per year.

Back to Basics: PB Ratio

029 Group SE PB Ratio Historical Data

The historical data trend for 029 Group SE's PB Ratio 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.

029 Group SE PB Ratio Chart

029 Group SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

Get a 7-Day Free Trial

3.48

5.05

029 Group SE Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial					-	-	3.48	4.00	5.05

Competitive Comparison of 029 Group SE's PB Ratio

For the Asset Management subindustry, 029 Group SE's PB Ratio, along with its competitors' market caps and PB Ratio 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.

029 Group SE's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 029 Group SE's PB Ratio distribution charts can be found below:

* The bar in red indicates where 029 Group SE's PB Ratio falls into.

029 Group SE PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

029 Group SE's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	15.50	/	3.131
	=	4.95

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

029 Group SE (XTER:Z29) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

029 Group SE PB Ratio Related Terms

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029 Group SE (XTER:Z29) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 029 Group SE (XTER:Z29) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

Z29:Germany

Address

Neue Schonhauserstr. 3-5, Berlin, DEU, 10178

Website

https://www.029-group.com/de

029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company investment is focused on two business sectors which are Hospitality and Lifestyle. The company operates in three segments Hospitality, Enabling Technologies, and Consumer Brands.

029 Group SE (XTER:Z29) Headlines

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