Meikles (LSE:MIK) Price-to-Tangible-Book : 0.20 (As of May. 13, 2024)

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What is Meikles Price-to-Tangible-Book?

As of today (2024-05-13), Meikles's share price is $0.425. Meikles's Tangible Book per Share of Aug. 2023 for the quarter that ended in Aug. 2023 was $2.16. Hence, Meikles's Price to Tangible Book Ratio of today is 0.20.

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

LSE:MIK' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.06 Med: 0.7 Max: 2.74
Current: 0.31

During the past 7 years, Meikles's highest Price to Tangible Book Ratio was 2.74. The lowest was 0.06. And the median was 0.70.

LSE:MIK's Price-to-Tangible-Book is ranked better than
93.74% of 974 companies
in the Retail - Cyclical industry
Industry Median: 1.815 vs LSE:MIK: 0.31

A closely related ratio is called PB Ratio. As of today, Meikles's share price is $0.425. Meikles's Book Value per Sharefor the quarter that ended in Aug. 2023 was $2.16. Hence, Meikles's P/B Ratio of today is 0.20.

Meikles Price-to-Tangible-Book Historical Data

The historical data trend for Meikles'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.

Meikles Price-to-Tangible-Book Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Price-to-Tangible-Book

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0.71

17.00

4.34

2.44

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Price-to-Tangible-Book	Get a 7-Day Free Trial									2.44	3.24	1.46	0.96	0.20

Competitive Comparison of Meikles's Price-to-Tangible-Book

For the Department Stores subindustry, Meikles'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.

Meikles's Price-to-Tangible-Book Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Price-to-Tangible-Book distribution charts can be found below:

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

Meikles Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Aug. 2023 )
	=	0.425	/	2.163
	=	0.20

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.

Meikles Price-to-Tangible-Book Related Terms

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

Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.