Niks Technology (BOM:543282) Price-to-Tangible-Book : 20.55 (As of May. 12, 2024)

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What is Niks Technology Price-to-Tangible-Book?

As of today (2024-05-12), Niks Technology's share price is ₹526.30. Niks Technology's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ₹25.61. Hence, Niks Technology's Price to Tangible Book Ratio of today is 20.55.

The historical rank and industry rank for Niks Technology's Price-to-Tangible-Book or its related term are showing as below:

BOM:543282' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.97 Med: 9.63 Max: 20.55
Current: 20.55

During the past 6 years, Niks Technology's highest Price to Tangible Book Ratio was 20.55. The lowest was 6.97. And the median was 9.63.

BOM:543282's Price-to-Tangible-Book is ranked worse than
89.18% of 2088 companies
in the Software industry
Industry Median: 3.61 vs BOM:543282: 20.55

A closely related ratio is called PB Ratio. As of today, Niks Technology's share price is ₹526.30. Niks Technology's Book Value per Sharefor the quarter that ended in Sep. 2023 was ₹39.57. Hence, Niks Technology's P/B Ratio of today is 13.30.

Niks Technology Price-to-Tangible-Book Historical Data

The historical data trend for Niks Technology'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.

* Premium members only.

Niks Technology Price-to-Tangible-Book Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

10.06

9.19

13.63

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial					7.29	9.19	6.97	13.63	12.39

Competitive Comparison of Niks Technology's Price-to-Tangible-Book

For the Information Technology Services subindustry, Niks Technology'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.

Niks Technology's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Niks Technology's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Niks Technology's Price-to-Tangible-Book falls into.

Niks Technology Price-to-Tangible-Book Calculation

Niks Technology's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	526.30	/	25.605
	=	20.55

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Niks Technology Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Niks Technology's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Niks Technology (BOM:543282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

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Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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