Vital Healthcare Property Trust (NZSE:VHP) Price-to-Tangible-Book : 0.77 (As of May. 08, 2024)

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What is Vital Healthcare Property Trust Price-to-Tangible-Book?

As of today (2024-05-08), Vital Healthcare Property Trust's share price is NZ$2.09. Vital Healthcare Property Trust's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was NZ$2.70. Hence, Vital Healthcare Property Trust's Price to Tangible Book Ratio of today is 0.77.

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

NZSE:VHP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.71 Med: 1.07 Max: 1.52
Current: 0.77

During the past 13 years, Vital Healthcare Property Trust's highest Price to Tangible Book Ratio was 1.52. The lowest was 0.71. And the median was 1.07.

NZSE:VHP's Price-to-Tangible-Book is ranked better than
56.99% of 837 companies
in the REITs industry
Industry Median: 0.84 vs NZSE:VHP: 0.77

A closely related ratio is called PB Ratio. As of today, Vital Healthcare Property Trust's share price is NZ$2.09. Vital Healthcare Property Trust's Book Value per Sharefor the quarter that ended in Dec. 2023 was NZ$2.70. Hence, Vital Healthcare Property Trust's P/B Ratio of today is 0.77.

Vital Healthcare Property Trust Price-to-Tangible-Book Historical Data

The historical data trend for Vital Healthcare Property 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.

Vital Healthcare Property Trust Price-to-Tangible-Book Chart

Vital Healthcare Property Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.07

1.05

1.07

0.81

0.79

Vital Healthcare Property Trust Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.01	0.81	0.71	0.79	0.82

Competitive Comparison of Vital Healthcare Property Trust's Price-to-Tangible-Book

For the REIT - Healthcare Facilities subindustry, Vital Healthcare Property 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.

Vital Healthcare Property Trust's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vital Healthcare Property Trust's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Vital Healthcare Property Trust's Price-to-Tangible-Book falls into.

Vital Healthcare Property Trust Price-to-Tangible-Book Calculation

Vital Healthcare Property 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 )
	=	2.09	/	2.7
	=	0.77

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.

Vital Healthcare Property Trust Price-to-Tangible-Book Related Terms

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

Vital Healthcare Property Trust (NZSE:VHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vital Healthcare Property Trust (NZSE:VHP) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 17, HSBC Tower, 188 Quay Street, Auckland, NTL, NZL, 1010

Website

https://www.vitalhealthcareproperty.co.nz

Vital Healthcare Property Trust is a healthcare REIT. The vast majority of revenue is generated in Australia, followed by New Zealand. Most of the company's tenants are for-profit hospitals, followed by medical consultants and nonprofit hospitals. The company is focused on protecting the interests of investors and other stakeholders. The company considers merger and acquisition investment as a component of its operational growth strategy.

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