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 (2024-04-26), Concentrix's share price is $55.03. Concentrix's Book Value per Share for the quarter that ended in Feb. 2024 was $62.55. Hence, Concentrix's PB Ratio of today is 0.88.
Good Sign:
Concentrix Corp stock PB Ratio (=0.89) is close to 5-year low of 0.88
The historical rank and industry rank for Concentrix's PB Ratio or its related term are showing as below:
CNXC'
s PB Ratio Range Over the Past 10 Years
Min: 0.88 Med: 2.5 Max: 3.99
Current: 0.88
During the past 7 years, Concentrix's highest PB Ratio was 3.99. The lowest was 0.88. And the median was 2.50.
CNXC's PB Ratio is ranked better than 88.32% of 2578
companies
in the Software industry
Industry Median: 2.62
vs CNXC: 0.88
During the past 12 months, Concentrix's average Book Value Per Share Growth Rate was 14.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 20.40% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Concentrix was 25.80% per year. The lowest was 12.20% per year. And the median was 22.90% per year.
Back to Basics: PB Ratio
Concentrix PB Ratio Historical Data
The historical data trend for Concentrix'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.
For the Information Technology Services subindustry, Concentrix'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.
Concentrix's PB Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Concentrix's PB Ratio distribution charts can be found below:
* The bar in red indicates where Concentrix's PB Ratio falls into.
Concentrix 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.
Concentrix's PB Ratio for today is calculated as follows:
* 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 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.
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.
Concentrix PB Ratio Related Terms
Thank you for viewing the detailed overview of Concentrix's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end solutions that facilitate communication between clients and their customers, provide analytics and process optimization, and support client-centric operations and back-office processing across the enterprise. The solutions are provided in four complementary areas: Customer Lifecycle Management; CX/UX Strategy and Design; Digital Transformation; and VOC and Analytics. Also, the company provides insurance solutions, marketing solutions, and automation solutions.
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