As of today (2024-04-29), Red Violet's share price is $16.92. Red Violet's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $3.33. Hence, Red Violet's Price to Tangible Book Ratio of today is 5.09.
The historical rank and industry rank for Red Violet's Price-to-Tangible-Book or its related term are showing as below:
RDVT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.01 Med: 12.13 Max: 29.01
Current: 5.08
During the past 8 years, Red Violet's highest Price to Tangible Book Ratio was 29.01. The lowest was 5.01. And the median was 12.13.
RDVT's Price-to-Tangible-Book is ranked worse than 61.43% of 2087
companies
in the Software industry
Industry Median: 3.65
vs RDVT: 5.08
The historical data trend for Red Violet'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.
Competitive Comparison of Red Violet's Price-to-Tangible-Book
For the Software - Application subindustry, Red Violet'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.
Red Violet's Price-to-Tangible-Book Distribution in the Software Industry
For the Software industry and Technology sector, Red Violet's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Red Violet's Price-to-Tangible-Book falls into.
Red Violet Price-to-Tangible-Book Calculation
Red Violet's price-to-tangible-book ratio for today is calculated as:
* 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.
Red Violet Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Red Violet's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Red Violet Inc is a software and services company. It specializes in big data analysis, providing cloud-based, mission-critical information solutions to enterprises in a variety of industries. Through its CORE data fusion platform, it provides mission-critical information about individuals, businesses, and assets.
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