Propel Holdings (TSX:PRL) Price-to-Tangible-Book : 6.67 (As of Apr. 27, 2024)

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What is Propel Holdings Price-to-Tangible-Book?

As of today (2024-04-27), Propel Holdings's share price is C$22.97. Propel Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$3.44. Hence, Propel Holdings's Price to Tangible Book Ratio of today is 6.67.

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

TSX:PRL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.68 Med: 3.77 Max: 6.79
Current: 6.68

During the past 6 years, Propel Holdings's highest Price to Tangible Book Ratio was 6.79. The lowest was 2.68. And the median was 3.77.

TSX:PRL's Price-to-Tangible-Book is ranked worse than
94.75% of 495 companies
in the Credit Services industry
Industry Median: 1.07 vs TSX:PRL: 6.68

A closely related ratio is called PB Ratio. As of today, Propel Holdings's share price is C$22.97. Propel Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$3.97. Hence, Propel Holdings's P/B Ratio of today is 5.79.

Propel Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Propel Holdings'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.

Propel Holdings Price-to-Tangible-Book Chart

Propel Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

5.42

2.68

3.77

Propel Holdings Quarterly Data
	Dec18	Dec19	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												2.68	2.30	2.44	2.66	3.77

Competitive Comparison of Propel Holdings's Price-to-Tangible-Book

For the Credit Services subindustry, Propel Holdings'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.

Propel Holdings's Price-to-Tangible-Book Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Propel Holdings's Price-to-Tangible-Book distribution charts can be found below:

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

Propel Holdings Price-to-Tangible-Book Calculation

Propel Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	22.97	/	3.442
	=	6.67

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.

Propel Holdings Price-to-Tangible-Book Related Terms

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

Propel Holdings (TSX:PRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Propel Holdings Inc (TSX:PRL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

PRLPF:USA 8KO:Germany

Address

69 Yonge Street, Suite 1500, Toronto, ON, CAN, M5E 1K3

Website

https://www.propelholdings.com

Propel Holdings Inc is an innovative financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, industry-leading online lending platform. Propel, through its operating brands, is dedicated to bringing appropriate credit solutions to consumers in Canada and the United States. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora.

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