abrdn Equityome Trust (LSE:AEI) Price-to-Tangible-Book : 0.98 (As of May. 03, 2024)

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What is abrdn Equityome Trust Price-to-Tangible-Book?

As of today (2024-05-03), abrdn Equityome Trust's share price is £3.08. abrdn Equityome Trust's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was £3.15. Hence, abrdn Equityome Trust's Price to Tangible Book Ratio of today is 0.98.

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

LSE:AEI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.88 Med: 0.97 Max: 1.12
Current: 0.98

During the past 13 years, abrdn Equityome Trust's highest Price to Tangible Book Ratio was 1.12. The lowest was 0.88. And the median was 0.97.

LSE:AEI's Price-to-Tangible-Book is ranked worse than
56.95% of 1626 companies
in the Asset Management industry
Industry Median: 0.94 vs LSE:AEI: 0.98

A closely related ratio is called PB Ratio. As of today, abrdn Equityome Trust's share price is £3.08. abrdn Equityome Trust's Book Value per Sharefor the quarter that ended in Sep. 2023 was £3.15. Hence, abrdn Equityome Trust's P/B Ratio of today is 0.98.

abrdn Equityome Trust Price-to-Tangible-Book Historical Data

The historical data trend for abrdn Equityome Trust'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.

abrdn Equityome Trust Price-to-Tangible-Book Chart

abrdn Equityome Trust Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.93

0.88

0.92

0.91

1.00

abrdn Equityome Trust 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															0.92	0.97	0.91	1.00	1.00

Competitive Comparison of abrdn Equityome Trust's Price-to-Tangible-Book

For the Asset Management subindustry, abrdn Equityome Trust'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.

abrdn Equityome Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where abrdn Equityome Trust's Price-to-Tangible-Book falls into.

abrdn Equityome Trust Price-to-Tangible-Book Calculation

abrdn Equityome Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	3.08	/	3.146
	=	0.98

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.

abrdn Equityome Trust Price-to-Tangible-Book Related Terms

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

abrdn Equityome Trust (LSE:AEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Equity Income Trust plc (LSE:AEI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AEIl:UK

Address

280 Bishopsgate, London, GBR, EC2M 4AG

Website

https://www.abrdnequityincome.com

abrdn Equity Income Trust plc is an investment trust company. Its investment objective is to provide shareholders with an above average income from their equity investment and providing real growth in capital and income. Its investment portfolio comprises convertible preference shares, convertible loan stocks, gilts, and corporate bonds. The company's portfolio is diversified across various sectors such as Oil and Gas, Basic Materials, Industrials, Consumer Goods, Healthcare, Consumer Services, Telecommunications, Utilities, Financials, and technology.