Burstone Group (JSE:BTN) Price-to-Tangible-Book : 0.46 (As of May. 25, 2024)

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What is Burstone Group Price-to-Tangible-Book?

As of today (2024-05-25), Burstone Group's share price is R7.04. Burstone Group's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was R15.22. Hence, Burstone Group's Price to Tangible Book Ratio of today is 0.46.

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

JSE:BTN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.38 Med: 0.84 Max: 1.12
Current: 0.46

During the past 12 years, Burstone Group's highest Price to Tangible Book Ratio was 1.12. The lowest was 0.38. And the median was 0.84.

JSE:BTN's Price-to-Tangible-Book is ranked better than
87.13% of 839 companies
in the REITs industry
Industry Median: 0.83 vs JSE:BTN: 0.46

A closely related ratio is called PB Ratio. As of today, Burstone Group's share price is R7.04. Burstone Group's Book Value per Sharefor the quarter that ended in Sep. 2023 was R16.21. Hence, Burstone Group's P/B Ratio of today is 0.43.

Burstone Group Price-to-Tangible-Book Historical Data

The historical data trend for Burstone 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.

Burstone Group Price-to-Tangible-Book Chart

Burstone Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.84

0.38

0.58

0.71

0.51

Burstone Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.65	0.71	0.60	0.51	0.49

Competitive Comparison of Burstone Group's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Burstone 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.

Burstone Group's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Burstone Group's Price-to-Tangible-Book distribution charts can be found below:

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

Burstone Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	7.04	/	15.216
	=	0.46

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.

Burstone Group Price-to-Tangible-Book Related Terms

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

Burstone Group (JSE:BTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Burstone Group Ltd (JSE:BTN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

100 Grayston Drive, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.investecproperty.com

Burstone Group Ltd Formerly Investec Property Fund Ltd is a real estate investment trust operating in South Africa and formed with the purpose of investing in direct real estate. The objective of the fund is to expand its asset base by investing in well-priced income-producing investment properties. The fund invests in the office, industrial, and retail property sectors and is managed and operated by Investec Property, which is a wholly-owned subsidiary of Investec. The fund is well diversified in terms of sectoral spread but mostly concentrates investments in the province of Gauteng from a geographical spread standpoint. The vast majority of the fund's revenue is derived from contracted rental fees.

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