Investment AB Latour (OSTO:LATO B) Price-to-Tangible-Book : 7.15 (As of May. 11, 2024)

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What is Investment AB Latour Price-to-Tangible-Book?

As of today (2024-05-11), Investment AB Latour's share price is kr291.10. Investment AB Latour's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was kr40.72. Hence, Investment AB Latour's Price to Tangible Book Ratio of today is 7.15.

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

OSTO:LATO B' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.08 Med: 5.03 Max: 12.43
Current: 7.15

During the past 13 years, Investment AB Latour's highest Price to Tangible Book Ratio was 12.43. The lowest was 3.08. And the median was 5.03.

OSTO:LATO B's Price-to-Tangible-Book is ranked worse than
95.62% of 1621 companies
in the Asset Management industry
Industry Median: 0.96 vs OSTO:LATO B: 7.15

A closely related ratio is called PB Ratio. As of today, Investment AB Latour's share price is kr291.10. Investment AB Latour's Book Value per Sharefor the quarter that ended in Mar. 2024 was kr65.79. Hence, Investment AB Latour's P/B Ratio of today is 4.42.

Investment AB Latour Price-to-Tangible-Book Historical Data

The historical data trend for Investment AB Latour'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.

Investment AB Latour Price-to-Tangible-Book Chart

Investment AB Latour Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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6.17

6.81

12.43

5.63

6.44

Investment AB Latour Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															5.73	6.04	5.04	6.44	6.91

Competitive Comparison of Investment AB Latour's Price-to-Tangible-Book

For the Asset Management subindustry, Investment AB Latour'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.

Investment AB Latour's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

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

Investment AB Latour Price-to-Tangible-Book Calculation

Investment AB Latour's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	291.10	/	40.716
	=	7.15

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.

Investment AB Latour Price-to-Tangible-Book Related Terms

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

Investment AB Latour (OSTO:LATO B) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

LATOBs:UK 0RQP:UK 18LB:Germany

Address

J A Wettergrens Gata 7, P.O. Box 336, Gothenburg, SWE, 401 25

Website

http://www.latour.se

Investment AB Latour is an investment holding company that makes investments in wholly owned industrial operations and a portfolio of securities. Latour has a long-term and activist orientation, with the vast majority of its total net asset value deriving from companies that have been in its portfolio for more than 20 years. The company measures its performance against its benchmark, the Stockholm Stock Exchange's total return index. Its criterion is to invest in companies that have their own products that meet growing international demand. Latour specifically evaluates four trends: demographic development, sustainability, globalization, and competition for limited resources.

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