Premier Miton Global Renewables Trust (LSE:PMGR) Price-to-Tangible-Book : 0.72 (As of May. 26, 2024)

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What is Premier Miton Global Renewables Trust Price-to-Tangible-Book?

As of today (2024-05-26), Premier Miton Global Renewables Trust's share price is £1.06. Premier Miton Global Renewables Trust's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £1.47. Hence, Premier Miton Global Renewables Trust's Price to Tangible Book Ratio of today is 0.72.

The historical rank and industry rank for Premier Miton Global Renewables Trust's Price-to-Tangible-Book or its related term are showing as below:

LSE:PMGR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.72 Med: 0.91 Max: 0.98
Current: 0.72

During the past 13 years, Premier Miton Global Renewables Trust's highest Price to Tangible Book Ratio was 0.98. The lowest was 0.72. And the median was 0.91.

LSE:PMGR's Price-to-Tangible-Book is ranked better than
80.78% of 1623 companies
in the Asset Management industry
Industry Median: 0.96 vs LSE:PMGR: 0.72

A closely related ratio is called PB Ratio. As of today, Premier Miton Global Renewables Trust's share price is £1.06. Premier Miton Global Renewables Trust's Book Value per Sharefor the quarter that ended in Dec. 2023 was £1.47. Hence, Premier Miton Global Renewables Trust's P/B Ratio of today is 0.72.

Premier Miton Global Renewables Trust Price-to-Tangible-Book Historical Data

The historical data trend for Premier Miton Global Renewables 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.

Premier Miton Global Renewables Trust Price-to-Tangible-Book Chart

Premier Miton Global Renewables Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.90

0.91

0.93

0.87

0.81

Premier Miton Global Renewables Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.93	0.87	0.87	0.84	0.81

Competitive Comparison of Premier Miton Global Renewables Trust's Price-to-Tangible-Book

For the Asset Management subindustry, Premier Miton Global Renewables 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.

Premier Miton Global Renewables Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Premier Miton Global Renewables Trust's Price-to-Tangible-Book falls into.

Premier Miton Global Renewables Trust Price-to-Tangible-Book Calculation

Premier Miton Global Renewables Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.06	/	1.469
	=	0.72

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.

Premier Miton Global Renewables Trust Price-to-Tangible-Book Related Terms

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

Premier Miton Global Renewables Trust (LSE:PMGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premier Miton Global Renewables Trust PLC (LSE:PMGR) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

PMGZ:UK

Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.globalrenewablestrust.com

Premier Miton Global Renewables Trust PLC is an asset management company. The company's investment objectives are to achieve a high income and to realise long-term growth in the capital value of its portfolio. It will seek to achieve these objectives by investing principally in the equity and equity-related securities of companies operating mainly in the renewable energy sectors, as well as other sustainable infrastructure investments. The Company is engaged in one segment of business, the investment business. Geographically, the majority is from the United Kingdom.

Premier Miton Global Renewables Trust (LSE:PMGR) Headlines

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