Spotify Technology (Spotify Technology) Price-to-Tangible-Book

: 40.16 (As of Today)

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As of today (2024-04-19), Spotify Technology's share price is $289.20. Spotify Technology's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.20. Hence, Spotify Technology's Price to Tangible Book Ratio of today is 40.16.

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

SPOT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 9.4 Med: 20.74 Max: 40.76
Current: 40.17

During the past 9 years, Spotify Technology's highest Price to Tangible Book Ratio was 40.76. The lowest was 9.40. And the median was 20.74.

SPOT's Price-to-Tangible-Book is ranked worse than
98% of 451 companies
in the Interactive Media industry
Industry Median: 2.63 vs SPOT: 40.17

A closely related ratio is called PB Ratio. As of today, Spotify Technology's share price is $289.20. Spotify Technology's Book Value per Sharefor the quarter that ended in Dec. 2023 was $13.96. Hence, Spotify Technology's P/B Ratio of today is 20.72.

Spotify Technology Price-to-Tangible-Book Historical Data

The historical data trend for Spotify 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.

Spotify Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

16.53

24.95

35.03

13.03

26.09

Spotify 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																13.03	22.52	36.01	32.84	26.09

Competitive Comparison

For the Internet Content & Information subindustry, Spotify 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.

Spotify Technology Price-to-Tangible-Book Distribution

For the Interactive Media industry and Communication Services sector, Spotify Technology's Price-to-Tangible-Book distribution charts can be found below:

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

Spotify Technology Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	289.20	/	7.202
	=	40.16

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.

Spotify Technology Price-to-Tangible-Book Related Terms

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

Spotify Technology (Spotify Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Spotify Technology SA (NYSE:SPOT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SPOT:Mexico 1SPOT:Italy 639:Germany 639:Germany S1PO34:Brazil SPOT:Austria

Address

5, Place de la Gare, Luxembourg, LUX, L-1616

Website

https://www.spotify.com

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 489 million total listeners. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 87% and 13% of Spotify's 2022 total revenue, respectively.