As of today (2024-04-16), Aspen Technology's share price is $200.45. Aspen Technology's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.42. Hence, Aspen Technology's Price to Tangible Book Ratio of today is 140.96.
The historical rank and industry rank for Aspen Technology's Price-to-Tangible-Book or its related term are showing as below:
AZPN'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 15.7 Med: 28.78 Max: 1448.54
Current: 141.16
During the past 13 years, Aspen Technology's highest Price to Tangible Book Ratio was 1448.54. The lowest was 15.70. And the median was 28.78.
AZPN's Price-to-Tangible-Book is ranked worse than 98.9% of 2089
companies
in the Software industry
Industry Median: 3.5
vs AZPN: 141.16
A closely related ratio is called PB Ratio. As of today, Aspen Technology's share price is $200.45. Aspen Technology's Book Value per Sharefor the quarter that ended in Dec. 2023 was $201.96. Hence, Aspen Technology's P/B Ratio of today is 0.99.
Aspen Technology Price-to-Tangible-Book Historical Data
The historical data trend for Aspen 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.
Aspen Technology Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Jun23
Price-to-Tangible-Book
34.29
24.58
15.70
-
134.30
Aspen Technology 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
-
1,448.54
134.30
267.01
154.82
Competitive Comparison
For the Software - Application subindustry, Aspen 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.
Aspen Technology Price-to-Tangible-Book Distribution
For the Software industry and Technology sector, Aspen Technology's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Aspen Technology's Price-to-Tangible-Book falls into.
* 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 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.
Aspen Technology Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Aspen Technology's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Aspen Technology (Aspen Technology) Business Description
Aspen Technology is a global leader in asset optimization software, enabling customers within capital-intensive industries to design, operate and maintain their functions to meet their profitability, safety, and sustainability goals. The heritage business of AspenTech was founded in 1981 and provides software solutions purposed to optimize engineering, manufacturing, and supply chain and asset management functions. In 2021, Emerson Electric traded over $6 billion in cash and its Open Systems International (digital grid management) and subsurface science and engineering businesses for 55% of AspenTech's shares. The new AspenTech is the combination of heritage Aspen, OSI, and SSE and serves more than 3,000 customers across 40 countries.
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