Argo Global Listed Infrastructure (ASX:ALI) Price-to-Tangible-Book : 0.90 (As of May. 14, 2024)

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What is Argo Global Listed Infrastructure Price-to-Tangible-Book?

As of today (2024-05-14), Argo Global Listed Infrastructure's share price is A$2.06. Argo Global Listed Infrastructure's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$2.29. Hence, Argo Global Listed Infrastructure's Price to Tangible Book Ratio of today is 0.90.

The historical rank and industry rank for Argo Global Listed Infrastructure's Price-to-Tangible-Book or its related term are showing as below:

ASX:ALI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.85 Med: 0.93 Max: 1.01
Current: 0.9

During the past 8 years, Argo Global Listed Infrastructure's highest Price to Tangible Book Ratio was 1.01. The lowest was 0.85. And the median was 0.93.

ASX:ALI's Price-to-Tangible-Book is ranked better than
62.75% of 1624 companies
in the Asset Management industry
Industry Median: 0.96 vs ASX:ALI: 0.90

A closely related ratio is called PB Ratio. As of today, Argo Global Listed Infrastructure's share price is A$2.06. Argo Global Listed Infrastructure's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$2.29. Hence, Argo Global Listed Infrastructure's P/B Ratio of today is 0.90.

Argo Global Listed Infrastructure Price-to-Tangible-Book Historical Data

The historical data trend for Argo Global Listed Infrastructure'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.

Argo Global Listed Infrastructure Price-to-Tangible-Book Chart

Argo Global Listed Infrastructure Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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0.94

0.92

0.95

0.97

0.96

Argo Global Listed Infrastructure Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial											0.99	0.97	1.01	0.96	0.89

Competitive Comparison of Argo Global Listed Infrastructure's Price-to-Tangible-Book

For the Asset Management subindustry, Argo Global Listed Infrastructure'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.

Argo Global Listed Infrastructure's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Argo Global Listed Infrastructure's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Argo Global Listed Infrastructure's Price-to-Tangible-Book falls into.

Argo Global Listed Infrastructure Price-to-Tangible-Book Calculation

Argo Global Listed Infrastructure's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.06	/	2.293
	=	0.90

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.

Argo Global Listed Infrastructure Price-to-Tangible-Book Related Terms

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

Argo Global Listed Infrastructure (ASX:ALI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Argo Global Listed Infrastructure Ltd (ASX:ALI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 King William Street, Level 25, Adelaide, SA, AUS, 5000

Website

https://www.argoinfrastructure.com.au

Argo Global Listed Infrastructure Ltd is an investment company, which manages a portfolio of global listed securities in the Infrastructure sector. The business objective of the company is to provide a total return for long-term investors consisting of capital growth and dividend income, from a global listed infrastructure portfolio which can provide diversification benefits for Australian investors. The company derives its revenue from its international investment portfolio through the receipt of dividends, distributions, interest and any profits on the revaluation or sale of its investments.

Argo Global Listed Infrastructure (ASX:ALI) Headlines

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