029 Group SE (XTER:Z29) Price-to-Tangible-Book : 4.96 (As of May. 11, 2024)

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What is 029 Group SE Price-to-Tangible-Book?

As of today (2024-05-11), 029 Group SE's share price is €15.50. 029 Group SE's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €3.13. Hence, 029 Group SE's Price to Tangible Book Ratio of today is 4.96.

The historical rank and industry rank for 029 Group SE's Price-to-Tangible-Book or its related term are showing as below:

XTER:Z29' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.46 Med: 4.24 Max: 5.02
Current: 4.89

During the past 6 years, 029 Group SE's highest Price to Tangible Book Ratio was 5.02. The lowest was 3.46. And the median was 4.24.

XTER:Z29's Price-to-Tangible-Book is ranked worse than
92.91% of 1621 companies
in the Asset Management industry
Industry Median: 0.96 vs XTER:Z29: 4.89

A closely related ratio is called PB Ratio. As of today, 029 Group SE's share price is €15.50. 029 Group SE's Book Value per Sharefor the quarter that ended in Dec. 2023 was €3.13. Hence, 029 Group SE's P/B Ratio of today is 4.95.

029 Group SE Price-to-Tangible-Book Historical Data

The historical data trend for 029 Group SE'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.

029 Group SE Price-to-Tangible-Book Chart

029 Group SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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3.48

5.05

029 Group SE Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial					-	-	3.48	4.00	5.05

Competitive Comparison of 029 Group SE's Price-to-Tangible-Book

For the Asset Management subindustry, 029 Group SE'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.

029 Group SE's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 029 Group SE's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where 029 Group SE's Price-to-Tangible-Book falls into.

029 Group SE Price-to-Tangible-Book Calculation

029 Group SE's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	15.50	/	3.128
	=	4.96

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.

029 Group SE Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of 029 Group SE's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

029 Group SE (XTER:Z29) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 029 Group SE (XTER:Z29) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

Z29:Germany

Address

Neue Schonhauserstr. 3-5, Berlin, DEU, 10178

Website

https://www.029-group.com/de

029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company investment is focused on two business sectors which are Hospitality and Lifestyle. The company operates in three segments Hospitality, Enabling Technologies, and Consumer Brands.

029 Group SE (XTER:Z29) Headlines

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