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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.
Intercede Group Price-to-Tangible-Book Related Terms
Intercede Group Price-to-Tangible-Book Historical Data
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The historical data trend for Intercede Group'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.
IRCDF vs QH, SHOP, UBER: Price-to-Tangible-Book Comparison
For the Software - Application subindustry, Intercede Group'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.
Intercede Group Price-to-Tangible-Book vs Software Industry
For the Software industry and Technology sector, Intercede Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Intercede Group's Price-to-Tangible-Book falls into.
* 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 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.
Intercede Group (IRCDF) has a Price-to-Tangible-Book of 3.78 as of Aug. 26, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Intercede Group and its competitors. According to the industry distribution chart, Intercede Group ranks #1270 out of 2195 companies in the Software industry, placing it in the top 57.9%.
Is Intercede Group's Price-to-Tangible-Book too high?
Intercede Group's current Price-to-Tangible-Book is 3.78. The Software industry median Price-to-Tangible-Book is 3.31. Intercede Group's value of 3.78 is 14.2% above this industry median. Based on the distribution chart, Intercede Group ranks #1270 out of 2195 companies in the Software industry, which is below the industry midpoint. Overall, Intercede Group has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Intercede Group's Price-to-Tangible-Book compare to QH and SHOP?
According to the Software industry distribution chart, Intercede Group ranks #1270 out of 2195 companies for Price-to-Tangible-Book. This places Intercede Group in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.31. Intercede Group's value of 3.78 is 14.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Software company?
The median Price-to-Tangible-Book among Software companies is 3.31, based on 2,195 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Intercede Group's current Price-to-Tangible-Book of 3.78 is 14.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Intercede Group and its competitors. For the Software industry, the median Price-to-Tangible-Book is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercede Group's current Price-to-Tangible-Book is 3.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercede Group stock overvalued right now?
Intercede Group (IRCDF) has a current Price-to-Tangible-Book of 3.78. The stock's GF Value™ is $1.70, compared to a current price of $1.37 — trading 19.4% below its estimated fair value. The current Price-to-Tangible-Book is 3.78 and 14.2% above the Software industry median of 3.31. Intercede Group's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Intercede Group (IRCDF), the current Price-to-Tangible-Book is 3.78 as of Aug. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Intercede Group (IRCDF) Overvalued in 2026?
Based on GuruFocus' analysis, Intercede Group stock appears to be undervalued.
The current stock price of $1.37 is trading 19.4% below its estimated GF Value™ of $1.70.
Key valuation signals for IRCDF:
Price-to-Tangible-Book: 3.78
GF Value™: $1.70 vs. price of $1.37 (19.4% below fair value)
Industry Position: 14.2% above the Software median (#1270 of 2195)
No single metric tells the full story. See the IRCDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas.
80GF Score
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