Spear REIT (JSE:SEA) Price-to-Tangible-Book : 0.71 (As of May. 25, 2024)

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What is Spear REIT Price-to-Tangible-Book?

As of today (2024-05-25), Spear REIT's share price is R8.30. Spear REIT's Tangible Book per Share of Aug. 2023 for the quarter that ended in Aug. 2023 was R11.63. Hence, Spear REIT's Price to Tangible Book Ratio of today is 0.71.

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

JSE:SEA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.44 Med: 0.74 Max: 0.97
Current: 0.71

During the past 7 years, Spear REIT's highest Price to Tangible Book Ratio was 0.97. The lowest was 0.44. And the median was 0.74.

JSE:SEA's Price-to-Tangible-Book is ranked better than
63.89% of 839 companies
in the REITs industry
Industry Median: 0.83 vs JSE:SEA: 0.71

A closely related ratio is called PB Ratio. As of today, Spear REIT's share price is R8.30. Spear REIT's Book Value per Sharefor the quarter that ended in Aug. 2023 was R11.63. Hence, Spear REIT's P/B Ratio of today is 0.71.

Spear REIT Price-to-Tangible-Book Historical Data

The historical data trend for Spear REIT'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.

Spear REIT Price-to-Tangible-Book Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Price-to-Tangible-Book

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0.86

0.73

0.44

0.75

0.64

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Price-to-Tangible-Book	Get a 7-Day Free Trial									0.56	0.75	0.67	0.64	0.63

Competitive Comparison of Spear REIT's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Spear REIT'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.

Spear REIT's Price-to-Tangible-Book Distribution in the REITs Industry

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

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

Spear REIT Price-to-Tangible-Book Calculation

Spear REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Aug. 2023 )
	=	8.30	/	11.625
	=	0.71

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.

Spear REIT Price-to-Tangible-Book Related Terms

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

Spear REIT (JSE:SEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spear REIT Ltd (JSE:SEA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

Spear REIT (JSE:SEA) Headlines

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