Ashley Services Group (ASX:ASH) Price-to-Tangible-Book : 5.16 (As of May. 20, 2024)

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What is Ashley Services Group Price-to-Tangible-Book?

As of today (2024-05-20), Ashley Services Group's share price is A$0.2425. Ashley Services Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.05. Hence, Ashley Services Group's Price to Tangible Book Ratio of today is 5.16.

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

ASX:ASH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.52 Med: 3.37 Max: 20.88
Current: 4.85

During the past 9 years, Ashley Services Group's highest Price to Tangible Book Ratio was 20.88. The lowest was 0.52. And the median was 3.37.

ASX:ASH's Price-to-Tangible-Book is ranked worse than
76.9% of 870 companies
in the Business Services industry
Industry Median: 2.09 vs ASX:ASH: 4.85

A closely related ratio is called PB Ratio. As of today, Ashley Services Group's share price is A$0.2425. Ashley Services Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.22. Hence, Ashley Services Group's P/B Ratio of today is 1.12.

Ashley Services Group Price-to-Tangible-Book Historical Data

The historical data trend for Ashley Services 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.

Ashley Services Group Price-to-Tangible-Book Chart

Ashley Services Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.60

2.26

3.74

4.62

20.88

Ashley Services Group Semi-Annual Data
	Dec14	Jun15	Dec15	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														4.37	4.62	5.56	20.88	8.40

Competitive Comparison of Ashley Services Group's Price-to-Tangible-Book

For the Staffing & Employment Services subindustry, Ashley Services 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.

Ashley Services Group's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashley Services Group's Price-to-Tangible-Book distribution charts can be found below:

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

Ashley Services Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.2425	/	0.047
	=	5.16

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.

Ashley Services Group Price-to-Tangible-Book Related Terms

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

Ashley Services Group (ASX:ASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashley Services Group Ltd (ASX:ASH) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

92 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.ashleyservicesgroup.com.au

Ashley Services Group Ltd is engaged in staffing services. The group operates in two operating segments namely Labour hire and Training. The group derives maximum revenue from providing labour-hire services. In labour-hire division, the company has candidates who are able to start work within one hour of the request and run a year-round national operation with dedicated after-hours in-house consultants. Its labour-hire brands to include Action Workforce and Concept Engineering. The organization operates in Australia.