Veefin Solutions (BOM:543931) Price-to-Tangible-Book : 22.30 (As of Jun. 22, 2024)

View and export this data going back to 2023. Start your Free Trial

What is Veefin Solutions Price-to-Tangible-Book?

As of today (2024-06-22), Veefin Solutions's share price is ₹312.40. Veefin Solutions's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ₹14.01. Hence, Veefin Solutions's Price to Tangible Book Ratio of today is 22.30.

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

BOM:543931' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 21.92 Med: 21.92 Max: 22.7
Current: 22.3

During the past 4 years, Veefin Solutions's highest Price to Tangible Book Ratio was 22.70. The lowest was 21.92. And the median was 21.92.

BOM:543931's Price-to-Tangible-Book is ranked worse than
91.08% of 2086 companies
in the Software industry
Industry Median: 3.46 vs BOM:543931: 22.30

A closely related ratio is called PB Ratio. As of today, Veefin Solutions's share price is ₹312.40. Veefin Solutions's Book Value per Sharefor the quarter that ended in Mar. 2024 was ₹55.06. Hence, Veefin Solutions's P/B Ratio of today is 5.67.

Veefin Solutions Price-to-Tangible-Book Historical Data

The historical data trend for Veefin Solutions'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.

Veefin Solutions Price-to-Tangible-Book Chart

Veefin Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

21.92

Veefin Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Price-to-Tangible-Book	-	-	-	63.59	21.92

Competitive Comparison of Veefin Solutions's Price-to-Tangible-Book

For the Software - Infrastructure subindustry, Veefin Solutions'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.

Veefin Solutions's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Veefin Solutions's Price-to-Tangible-Book distribution charts can be found below:

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

Veefin Solutions Price-to-Tangible-Book Calculation

Veefin Solutions's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	312.40	/	14.007
	=	22.30

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.

Veefin Solutions Price-to-Tangible-Book Related Terms

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

Veefin Solutions (BOM:543931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veefin Solutions Ltd (BOM:543931) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kirol Road, Office No-601, 602 & 603, Neelkanth Corporate IT Park, Vidhyavihar, Mumbai, MH, IND, 400 086

Website

https://www.veefin.com

Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool that is used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers. The company operates in two segments; Supply Chain Finance Technology Solutions and Digital Lending Suite Solutions.

Veefin Solutions (BOM:543931) Headlines

No Headlines