Magellan Financial Group (ASX:MFG) Price-to-Tangible-Book : 1.89 (As of May. 21, 2024)

View and export this data going back to 2004. Start your Free Trial

What is Magellan Financial Group Price-to-Tangible-Book?

As of today (2024-05-21), Magellan Financial Group's share price is A$8.66. Magellan Financial Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$4.59. Hence, Magellan Financial Group's Price to Tangible Book Ratio of today is 1.89.

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

ASX:MFG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.85 Med: 9.84 Max: 14.82
Current: 1.89

During the past 13 years, Magellan Financial Group's highest Price to Tangible Book Ratio was 14.82. The lowest was 1.85. And the median was 9.84.

ASX:MFG's Price-to-Tangible-Book is ranked worse than
84.38% of 1626 companies
in the Asset Management industry
Industry Median: 0.96 vs ASX:MFG: 1.89

A closely related ratio is called PB Ratio. As of today, Magellan Financial Group's share price is A$8.66. Magellan Financial Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$5.18. Hence, Magellan Financial Group's P/B Ratio of today is 1.67.

Magellan Financial Group Price-to-Tangible-Book Historical Data

The historical data trend for Magellan Financial 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.

Magellan Financial Group Price-to-Tangible-Book Chart

Magellan Financial Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

14.82

11.43

11.30

2.94

2.27

Magellan Financial Group Semi-Annual Data
	Jun14	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															3.97	2.94	2.19	2.27	2.02

Competitive Comparison of Magellan Financial Group's Price-to-Tangible-Book

For the Asset Management subindustry, Magellan Financial 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.

Magellan Financial Group's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

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

Magellan Financial Group Price-to-Tangible-Book Calculation

Magellan Financial 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 )
	=	8.66	/	4.587
	=	1.89

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.

Magellan Financial Group Price-to-Tangible-Book Related Terms

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

Magellan Financial Group (ASX:MFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Magellan Financial Group Ltd (ASX:MFG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MGLLF:USA NNA:Germany

Address

25 Martin Place, Level 36, Sydney, NSW, AUS, 2000

Website

https://www.magellangroup.com.au

Magellan Financial Group is an Australia-based niche funds manager. Established in 2006, the firm specializes in the management of equity and infrastructure funds for domestic retail and institutional investors. Magellan has historically been particularly successful in winning mandates from global institutional investors. Current FUM is split across global equities, infrastructure and Australian equities.