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 (2024-05-11), New Relic's share price is $86.99. New Relic's Book Value per Share for the quarter that ended in Sep. 2023 was $5.46. Hence, New Relic's PB Ratio of today is 15.95.
The historical rank and industry rank for New Relic's PB Ratio or its related term are showing as below:
NEWR'
s PB Ratio Range Over the Past 10 Years
Min: 8.16 Med: 14.02 Max: 23.8
Current: 15.4
During the past 12 years, New Relic's highest PB Ratio was 23.80. The lowest was 8.16. And the median was 14.02.
NEWR's PB Ratio is not ranked
in the Software industry.
Industry Median: 2.68
vs NEWR: 15.40
During the past 12 months, New Relic's average Book Value Per Share Growth Rate was -0.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -14.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.80% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of New Relic was 29.30% per year. The lowest was -14.90% per year. And the median was 10.10% per year.
Back to Basics: PB Ratio
New Relic PB Ratio Historical Data
The historical data trend for New Relic'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 Software - Application subindustry, New Relic'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.
New Relic's PB Ratio Distribution in the Software Industry
For the Software industry and Technology sector, New Relic's PB Ratio distribution charts can be found below:
* The bar in red indicates where New Relic's PB Ratio falls into.
New Relic 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.
New Relic'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.
New Relic PB Ratio Related Terms
Thank you for viewing the detailed overview of New Relic's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
New Relic Inc is a provider of software analytics solutions for organizations to collect, store, and analyze massive amounts of software data in real-time. The firm's flagship New Relic Software Analytics Cloud is made up of a suite of products, a Big Data database, and an open platform. Its solutions include diagnostics, reporting and alerting, transaction monitoring, and performance monitoring capabilities. The firm generates revenue from subscription-based arrangements for software offerings, typically for a year. A majority of the firm's revenue is generated in the United States, and the rest from Europe, the Middle East, and Africa; the Asia-Pacific; and other regions.
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