Music Licensing (Music Licensing) PB Ratio : 0.01 (As of Jun. 23, 2024)

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What is Music Licensing 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 (2024-06-23), Music Licensing's share price is $32.00. Music Licensing's Book Value per Share for the quarter that ended in Jun. 2023 was $6,374.05. Hence, Music Licensing's PB Ratio of today is 0.01.

Good Sign:

Music Licensing Inc stock PB Ratio (=0.01) is close to 1-year low of 0.01

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

SONG' s PB Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 3.14
Current: 0.01

During the past 2 years, Music Licensing's highest PB Ratio was 3.14. The lowest was 0.01. And the median was 0.04.

SONG's PB Ratio is ranked better than
99.89% of 948 companies
in the Media - Diversified industry
Industry Median: 1.37 vs SONG: 0.01

During the past 12 months, Music Licensing's average Book Value Per Share Growth Rate was -600.60% per year.

Back to Basics: PB Ratio

Music Licensing PB Ratio Historical Data

The historical data trend for Music Licensing'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.

Music Licensing PB Ratio Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

PB Ratio

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23
PB Ratio	-	-	-	-

Competitive Comparison of Music Licensing's PB Ratio

For the Entertainment subindustry, Music Licensing'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.

Music Licensing's PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Music Licensing's PB Ratio distribution charts can be found below:

* The bar in red indicates where Music Licensing's PB Ratio falls into.

Music Licensing 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.

Music Licensing's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2023)
	=	32.00	/	6374.053
	=	0.01

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.

Music Licensing (OTCPK:SONG) 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.

Music Licensing PB Ratio Related Terms

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Music Licensing (Music Licensing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Rd N, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues.