As of today (2024-04-23), Grand Canyon Education's share price is $128.70. Grand Canyon Education's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $12.98. Hence, Grand Canyon Education's Price to Tangible Book Ratio of today is 9.91.
The historical rank and industry rank for Grand Canyon Education's Price-to-Tangible-Book or its related term are showing as below:
LOPE'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.1 Med: 4.32 Max: 10.94
Current: 9.92
During the past 13 years, Grand Canyon Education's highest Price to Tangible Book Ratio was 10.94. The lowest was 3.10. And the median was 4.32.
LOPE's Price-to-Tangible-Book is ranked worse than 86.51% of 215
companies
in the Education industry
Industry Median: 2.03
vs LOPE: 9.92
A closely related ratio is called PB Ratio. As of today, Grand Canyon Education's share price is $128.70. Grand Canyon Education's Book Value per Sharefor the quarter that ended in Dec. 2023 was $23.97. Hence, Grand Canyon Education's P/B Ratio of today is 5.37.
Grand Canyon Education Price-to-Tangible-Book Historical Data
The historical data trend for Grand Canyon Education'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 Education & Training Services subindustry, Grand Canyon Education'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.
Grand Canyon Education Price-to-Tangible-Book Distribution
For the Education industry and Consumer Defensive sector, Grand Canyon Education's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Grand Canyon Education's Price-to-Tangible-Book falls into.
Grand Canyon Education Price-to-Tangible-Book Calculation
Grand Canyon Education'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.
Grand Canyon Education Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Grand Canyon Education's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Grand Canyon Education (Grand Canyon Education) Business Description
Grand Canyon Education, Inc is a publicly traded education services company dedicated to serving colleges and universities. GCE's most significant university partner is Grand Canyon University, an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across nine colleges both online, on ground at its campus in Phoenix, Arizona and at four off-site classroom and laboratory sites. The Company generates all of its revenue through services agreements with its university partners.
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