As of today (2024-04-26), Avantax's share price is $25.99. Avantax's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $-3.25. Hence, Avantax's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Avantax's Price-to-Tangible-Book or its related term are showing as below:
During the past 13 years, Avantax's highest Price to Tangible Book Ratio was 55.34. The lowest was 2.85. And the median was 8.51.
AVTA's Price-to-Tangible-Book is not ranked *
in the Asset Management industry.
Industry Median: 0.93 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Avantax's share price is $25.99. Avantax's Book Value per Sharefor the quarter that ended in Sep. 2023 was $10.97. Hence, Avantax's P/B Ratio of today is 2.37.
Avantax Price-to-Tangible-Book Historical Data
The historical data trend for Avantax'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.
Competitive Comparison of Avantax's Price-to-Tangible-Book
For the Asset Management subindustry, Avantax'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.
Avantax's Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Avantax's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Avantax's Price-to-Tangible-Book falls into.
Avantax Price-to-Tangible-Book Calculation
Avantax'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.
Avantax Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Avantax's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Avantax Inc is a provider of integrated tax-focused wealth management services and software, assisting consumers, small business owners, tax professionals, financial professionals, and certified public accounting firms. The firm has two distinct models in business: the independent Financial Professional model and the employee-based model. It refers to the independent Financial Professional model as Avantax Wealth Management offering services through its registered broker-dealer, registered investment advisor (RIA), and insurance agency subsidiaries. The employee-based model refers to Avantax Planning Partners offering services through its RIA and insurance agency by partnering with CPA firms to provide their consumer and small-business clients with financial planning and advisory services.
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