Vedant Asset (BOM:543623) Price-to-Tangible-Book : 2.35 (As of May. 21, 2024)

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What is Vedant Asset Price-to-Tangible-Book?

As of today (2024-05-21), Vedant Asset's share price is ₹42.00. Vedant Asset's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ₹17.90. Hence, Vedant Asset's Price to Tangible Book Ratio of today is 2.35.

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

BOM:543623' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.28 Med: 2.33 Max: 2.37
Current: 2.35

During the past 4 years, Vedant Asset's highest Price to Tangible Book Ratio was 2.37. The lowest was 2.28. And the median was 2.33.

BOM:543623's Price-to-Tangible-Book is ranked worse than
87.08% of 1626 companies
in the Asset Management industry
Industry Median: 0.96 vs BOM:543623: 2.35

A closely related ratio is called PB Ratio. As of today, Vedant Asset's share price is ₹42.00. Vedant Asset's Book Value per Sharefor the quarter that ended in Sep. 2023 was ₹19.20. Hence, Vedant Asset's P/B Ratio of today is 2.19.

Vedant Asset Price-to-Tangible-Book Historical Data

The historical data trend for Vedant Asset'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.

Vedant Asset Price-to-Tangible-Book Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

2.28

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	-	2.28	2.37

Competitive Comparison of Vedant Asset's Price-to-Tangible-Book

For the Asset Management subindustry, Vedant Asset'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.

Vedant Asset's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Vedant Asset's Price-to-Tangible-Book falls into.

Vedant Asset Price-to-Tangible-Book Calculation

Vedant Asset's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	42.00	/	17.895
	=	2.35

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.

Vedant Asset Price-to-Tangible-Book Related Terms

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

Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

Vedant Asset (BOM:543623) Headlines

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