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 (2024-04-26), Asure Software's share price is $7.27. Asure Software's Book Value per Share for the quarter that ended in Dec. 2023 was $7.67. Hence, Asure Software's PB Ratio of today is 0.95.
Good Sign:
Asure Software Inc stock PB Ratio (=0.92) is close to 1-year low of 0.91
The historical rank and industry rank for Asure Software's PB Ratio or its related term are showing as below:
ASUR'
s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 1.94 Max: 27.9
Current: 0.95
During the past 13 years, Asure Software's highest PB Ratio was 27.90. The lowest was 0.60. And the median was 1.94.
ASUR's PB Ratio is ranked better than 87.43% of 2578
companies
in the Software industry
Industry Median: 2.62
vs ASUR: 0.95
During the past 12 months, Asure Software's average Book Value Per Share Growth Rate was 7.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 33.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Asure Software was 124.70% per year. The lowest was -50.70% per year. And the median was -2.55% per year.
Back to Basics: PB Ratio
Asure Software PB Ratio Historical Data
The historical data trend for Asure Software'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.
Competitive Comparison of Asure Software's PB Ratio
For the Software - Application subindustry, Asure Software'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.
Asure Software's PB Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Asure Software's PB Ratio distribution charts can be found below:
* The bar in red indicates where Asure Software's PB Ratio falls into.
Asure Software PB Ratio Calculation
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.
Asure Software's PB Ratio for today is calculated as follows:
* 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 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.
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.
Asure Software PB Ratio Related Terms
Thank you for viewing the detailed overview of Asure Software's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Asure Software (Asure Software) Business Description
Asure Software Inc is a provider of cloud-based Human Capital Management (HCM) solutions delivered as Software-as-a-Service (SaaS). It facilitates small and mid-sized businesses (SMBs) to develop their Human Capital to get to the next level, stay compliant, and allocate their time, money and technology toward growth. The company's HCM suite, named AsureHCM, includes cloud-based Payroll and Tax, HR, a Time and Attendance software. Its HR services range from HR projects to outsourcing payroll to HR consulting services. The firm sells its HCM products in the United States.
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