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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-07), Cerence's share price is $3.03. Cerence's Book Value per Share for the quarter that ended in Mar. 2024 was $11.09. Hence, Cerence's PB Ratio of today is 0.27.
Good Sign:
Cerence Inc stock PB Ratio (=0.28) is close to 5-year low of 0.28
The historical rank and industry rank for Cerence's PB Ratio or its related term are showing as below:
During the past 8 years, Cerence's highest PB Ratio was 5.06. The lowest was 0.27. And the median was 1.35.
During the past 12 months, Cerence's average Book Value Per Share Growth Rate was -37.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -12.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -10.10% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Cerence was 1.80% per year. The lowest was -14.90% per year. And the median was -1.70% per year.
The historical data trend for Cerence's PB Ratio 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.
Cerence Annual Data | |||||||||||||||||
Trend | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||
PB Ratio | Get a 7-Day Free Trial | 0.60 | 1.88 | 3.54 | 0.87 | 1.18 |
Cerence Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
PB Ratio | Get a 7-Day Free Trial |
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1.60 | 1.68 | 1.18 | 1.11 | 1.42 |
For the Software - Application subindustry, Cerence's PB Ratio, along with its competitors' market caps and PB Ratio 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.
For the Software industry and Technology sector, Cerence's PB Ratio distribution charts can be found below:
* The bar in red indicates where Cerence's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Cerence's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Mar. 2024) |
= | 3.03 | / | 11.092 | |
= | 0.27 |
* 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:
PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Cerence (NAS:CRNC) PB Ratio Explanation
Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Thank you for viewing the detailed overview of Cerence's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Stefan Ortmanns | officer: Executive Vice President | WALTER-SCHEIBLER-STR 24, MONSCHAU 2M 52156 |
Iqbal Arshad | officer: EVP, CTO | CERENCE INC., 1 BURLINGTON WOODS DRIVE, SUITE 301A, BURLINGTON MA 01803 |
Thomas L Beaudoin | director | NUANCE COMMUNICATIONS, INC., 1 WAYSIDE ROAD, BURLINGTON MA 01803 |
Marcy S Klevorn | director | ONE AMERICAN ROAD, DEARBORN MI 48126 |
Prateek Kathpal | officer: EVP & CTO | 1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803 |
Christophe Couvreur | officer: SVP, Core BU | 1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803 |
Douglas Lee Davis | director | 1150 N. ALMA SCHOOL ROAD, MESA AZ 85201 |
Marc Montagner | officer: Chief Financial Officer | C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803 |
Sanjay Dhawan | director, officer: Chief Executive Officer | C/O HARMAN INTERNATIONAL INDUSTRIES, INC, 400 ATLANTIC STREET, STAMFORD CT 06901 |
Leanne Fitzgerald | director, officer: Vice President and Secretary | 1 WAYSIDE ROAD, BURLINGTON MA 01803 |
Mark J Gallenberger | officer: President | LTX-CREDENCE CORPORATION, 825 UNIVERSITY AVENUE, NORWOOD MA 02062 |
Alfred A Nietzel | director | ONE ADP BOULEVARD, ROSELAND NJ 07068 |
Kristi Ann Matus | director | C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104 |
Marianne Budnik | director | C/O ACME PACKET, INC., 100 CROSBY DRIVE, BEDFORD MA 01730 |
Sanjay K Jha | director | 15 WAYSIDE ROAD, BURLINGTON MA 01803 |
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