IRESS (FRA:BRF) Price-to-Tangible-Book : (As of May. 08, 2024)

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What is IRESS Price-to-Tangible-Book?

As of today (2024-05-08), IRESS's share price is €5.20. IRESS's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €-0.92. Hence, IRESS's Price to Tangible Book Ratio of today is .

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

FRA:BRF's Price-to-Tangible-Book is not ranked ^*
in the Software industry.
Industry Median: 3.67
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, IRESS's share price is €5.20. IRESS's Book Value per Sharefor the quarter that ended in Dec. 2023 was €0.89. Hence, IRESS's P/B Ratio of today is 5.82.

IRESS Price-to-Tangible-Book Historical Data

The historical data trend for IRESS'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.

IRESS Price-to-Tangible-Book Chart

IRESS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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IRESS Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of IRESS's Price-to-Tangible-Book

For the Software - Application subindustry, IRESS'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.

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

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

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

IRESS Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	5.20	/	-0.916
	=

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.

IRESS Price-to-Tangible-Book Related Terms

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

IRESS (FRA:BRF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IRESS Ltd (FRA:BRF) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

IRE:Australia

Address

385 Bourke Street, Level 16, Melbourne, VIC, AUS, 3000

Website

https://www.iress.com

Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.