Ondo InsurTech (LSE:ONDO) Price-to-Tangible-Book : (As of Jun. 19, 2024)

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What is Ondo InsurTech Price-to-Tangible-Book?

As of today (2024-06-19), Ondo InsurTech's share price is £0.1475. Ondo InsurTech's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was £-0.07. Hence, Ondo InsurTech's Price to Tangible Book Ratio of today is .

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

During the past 0 years, Ondo InsurTech's highest Price to Tangible Book Ratio was 1.76. The lowest was 1.51. And the median was 1.64.

LSE:ONDO's Price-to-Tangible-Book is not ranked ^*
in the Hardware industry.
Industry Median: 2.095
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Ondo InsurTech's share price is £0.1475. Ondo InsurTech's Book Value per Sharefor the quarter that ended in Sep. 2023 was £-0.07. Hence, Ondo InsurTech's P/B Ratio of today is .

Ondo InsurTech Price-to-Tangible-Book Historical Data

The historical data trend for Ondo InsurTech'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.

Ondo InsurTech Price-to-Tangible-Book Chart

Ondo InsurTech Annual Data

Trend

Price-to-Tangible-Book

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Price-to-Tangible-Book	1.76	1.51	-	-

Competitive Comparison of Ondo InsurTech's Price-to-Tangible-Book

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Price-to-Tangible-Book Distribution in the Hardware Industry

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

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

Ondo InsurTech Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.1475	/	-0.072
	=

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.

Ondo InsurTech Price-to-Tangible-Book Related Terms

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

Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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