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As of today, Educational Development Corp's share price is $4.38. Educational Development Corp's Tangible Book Value per Share of Aug. 2014 for the quarter that ended in Aug. 2014 was $3.07. Hence, Educational Development Corp's Price to Tangible Book Ratio of today is 1.43.
During the past 13 years, Educational Development Corp's highest Price to Tangible Book Ratio was 9.69. The lowest was 0.57. And the median was 1.68.
A closely related ratio is called P/B Ratio. As of today, Educational Development Corp's share price is $4.38. Educational Development Corp's Book Value per Share for the quarter that ended in Aug. 2014 was $3.07. Hence, Educational Development Corp's P/B Ratio of today is 1.40.
Educational Development Corp's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Aug. 2014 )|
It can also be calculated from the numbers for the whole company:
|Price to Tangible Book||=||Market Cap||/||Tangible Equity|
|=||Market Cap||/||(Total Equity||-||Preferred Stock||-||Intangibles)|
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.
Educational Development Corp Annual Data
Educational Development Corp Quarterly Data