STEER Technologies (TSXV:STER) Price-to-Tangible-Book : 15.71 (As of May. 27, 2024)

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What is STEER Technologies Price-to-Tangible-Book?

As of today (2024-05-27), STEER Technologies's share price is C$0.22. STEER Technologies's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.01. Hence, STEER Technologies's Price to Tangible Book Ratio of today is 15.71.

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

TSXV:STER' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.14 Med: 23.95 Max: 213.82
Current: 22

During the past 6 years, STEER Technologies's highest Price to Tangible Book Ratio was 213.82. The lowest was 3.14. And the median was 23.95.

TSXV:STER's Price-to-Tangible-Book is ranked worse than
90.47% of 2088 companies
in the Software industry
Industry Median: 3.54 vs TSXV:STER: 22.00

A closely related ratio is called PB Ratio. As of today, STEER Technologies's share price is C$0.22. STEER Technologies's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.02. Hence, STEER Technologies's P/B Ratio of today is 13.75.

STEER Technologies Price-to-Tangible-Book Historical Data

The historical data trend for STEER Technologies'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.

STEER Technologies Price-to-Tangible-Book Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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46.94

213.82

23.95

7.50

STEER Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	1.80	1.00	0.54	7.50

Competitive Comparison of STEER Technologies's Price-to-Tangible-Book

For the Software - Application subindustry, STEER Technologies'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.

STEER Technologies's Price-to-Tangible-Book Distribution in the Software Industry

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

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

STEER Technologies Price-to-Tangible-Book Calculation

STEER Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.22	/	0.014
	=	15.71

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.

STEER Technologies Price-to-Tangible-Book Related Terms

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

STEER Technologies (TSXV:STER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » STEER Technologies Inc (TSXV:STER) » Definitions » Price-to-Tangible-Book

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STEEF:USA H1Y:Germany

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.