As of today (2024-04-24), Openlane's share price is $17.56. Openlane's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-2.42. Hence, Openlane's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Openlane's Price-to-Tangible-Book or its related term are showing as below:
KAR's Price-to-Tangible-Book is not ranked *
in the Vehicles & Parts industry.
Industry Median: 1.65 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Openlane's share price is $17.56. Openlane's Book Value per Sharefor the quarter that ended in Dec. 2023 was $12.28. Hence, Openlane's P/B Ratio of today is 1.43.
Openlane Price-to-Tangible-Book Historical Data
The historical data trend for Openlane'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.
For the Auto & Truck Dealerships subindustry, Openlane'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.
Openlane Price-to-Tangible-Book Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Openlane's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Openlane's Price-to-Tangible-Book falls into.
Openlane Price-to-Tangible-Book Calculation
Openlane's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
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.
Openlane Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Openlane's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
KAR has been successfully added to your 