Magic Software Enterprises (Magic Software Enterprises) 3-Year Book Growth Rate : 0.70% (As of Dec. 2023)

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What is Magic Software Enterprises 3-Year Book Growth Rate?

Magic Software Enterprises's Book Value per Share for the quarter that ended in Dec. 2023 was $5.42.

During the past 12 months, Magic Software Enterprises's average Book Value per Share Growth Rate was 1.20% per year. During the past 3 years, the average Book Value per Share Growth Rate was 0.70% per year. During the past 5 years, the average Book Value per Share Growth Rate was 1.70% per year. During the past 10 years, the average Book Value per Share Growth Rate was 4.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Magic Software Enterprises was 68.10% per year. The lowest was -21.70% per year. And the median was 4.90% per year.

Competitive Comparison of Magic Software Enterprises's 3-Year Book Growth Rate

For the Information Technology Services subindustry, Magic Software Enterprises's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Magic Software Enterprises's 3-Year Book Growth Rate Distribution in the Software Industry

For the Software industry and Technology sector, Magic Software Enterprises's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Magic Software Enterprises's 3-Year Book Growth Rate falls into.

Magic Software Enterprises 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Magic Software Enterprises (NAS:MGIC) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Magic Software Enterprises 3-Year Book Growth Rate Related Terms

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Magic Software Enterprises (Magic Software Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (NAS:MGIC) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

MGIC:Israel MGK:Germany MGK:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Or Yehuda, ISR, 6037501

Website

https://www.magicsoftware.com

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.