ReadyTech Holdings (ASX:RDY) PB Ratio : 2.82 (As of May. 14, 2024)

View and export this data going back to 2019. Start your Free Trial

What is ReadyTech Holdings PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-14), ReadyTech Holdings's share price is A$3.32. ReadyTech Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was A$1.18. Hence, ReadyTech Holdings's PB Ratio of today is 2.82.

Good Sign:

ReadyTech Holdings Ltd stock PB Ratio (=2.83) is close to 5-year low of 2.71

The historical rank and industry rank for ReadyTech Holdings's PB Ratio or its related term are showing as below:

ASX:RDY' s PB Ratio Range Over the Past 10 Years
Min: 2.71 Med: 4.09 Max: 6.16
Current: 2.82

During the past 5 years, ReadyTech Holdings's highest PB Ratio was 6.16. The lowest was 2.71. And the median was 4.09.

ASX:RDY's PB Ratio is ranked worse than
52.58% of 2581 companies
in the Software industry
Industry Median: 2.68 vs ASX:RDY: 2.82

During the past 12 months, ReadyTech Holdings's average Book Value Per Share Growth Rate was 10.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 39.50% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of ReadyTech Holdings was 39.50% per year. The lowest was 36.00% per year. And the median was 37.75% per year.

Back to Basics: PB Ratio

ReadyTech Holdings PB Ratio Historical Data

The historical data trend for ReadyTech Holdings's PB Ratio 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.

ReadyTech Holdings PB Ratio Chart

ReadyTech Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

4.22

3.39

3.27

3.38

2.94

ReadyTech Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial						4.43	3.38	3.18	2.94	2.98

Competitive Comparison of ReadyTech Holdings's PB Ratio

For the Software - Application subindustry, ReadyTech Holdings's PB Ratio, along with its competitors' market caps and PB Ratio 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.

ReadyTech Holdings's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, ReadyTech Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where ReadyTech Holdings's PB Ratio falls into.

ReadyTech Holdings PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

ReadyTech Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	3.32	/	1.177
	=	2.82

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

ReadyTech Holdings (ASX:RDY) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

ReadyTech Holdings PB Ratio Related Terms

Thank you for viewing the detailed overview of ReadyTech Holdings's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

ReadyTech Holdings (ASX:RDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadyTech Holdings Ltd (ASX:RDY) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.readytech.com.au

ReadyTech Holdings Ltd is a provider of people management software for educators, employers, and facilitators of career transitions. Its products are JR Plus, A2E, HR3, ePayroll, JR Gov, Aussiepay, and others. The company's operating segments include Education and Work pathways, Workforce Solutions, and Government and Justice. It generates maximum revenue from the Education segment. The education segment mainly provides products and services to tertiary education providers. Its Workforce segment provides products and services to a mid-sized company across various industries. The Government division provides government and justice case management software as a service solution to local governments, state governments and justice departments.