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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.
McMillan Shakespeare Price-to-Tangible-Book Related Terms
McMillan Shakespeare Price-to-Tangible-Book Historical Data
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The historical data trend for McMillan Shakespeare'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.
MCSLF vs RHI, KFY, TNET: Price-to-Tangible-Book Comparison
For the Staffing & Employment Services subindustry, McMillan Shakespeare'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.
McMillan Shakespeare Price-to-Tangible-Book vs Business Services Industry
For the Business Services industry and Industrials sector, McMillan Shakespeare's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where McMillan Shakespeare'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.
McMillan Shakespeare (MCSLF) has a Price-to-Tangible-Book of 26.40 as of Sep. 10, 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 McMillan Shakespeare and its competitors. According to the industry distribution chart, McMillan Shakespeare ranks #895 out of 909 companies in the Business Services industry, placing it in the top 98.5%.
Is McMillan Shakespeare's Price-to-Tangible-Book too high?
McMillan Shakespeare's current Price-to-Tangible-Book is 26.40. The Business Services industry median Price-to-Tangible-Book is 1.85. McMillan Shakespeare's value of 26.40 is 1327% above this industry median. Based on the distribution chart, McMillan Shakespeare ranks #895 out of 909 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, McMillan Shakespeare has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does McMillan Shakespeare's Price-to-Tangible-Book compare to RHI and KFY?
According to the Business Services industry distribution chart, McMillan Shakespeare ranks #895 out of 909 companies for Price-to-Tangible-Book. This places McMillan Shakespeare in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.85. McMillan Shakespeare's value of 26.40 is 1327% 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 Business Services company?
The median Price-to-Tangible-Book among Business Services companies is 1.85, based on 909 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. McMillan Shakespeare's current Price-to-Tangible-Book of 26.40 is 1327% 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 McMillan Shakespeare and its competitors. For the Business Services industry, the median Price-to-Tangible-Book is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McMillan Shakespeare's current Price-to-Tangible-Book is 26.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McMillan Shakespeare stock overvalued right now?
McMillan Shakespeare (MCSLF) has a current Price-to-Tangible-Book of 26.40. The stock's GF Value™ is $9.81, compared to a current price of $9.90 — trading 0.9% above its estimated fair value. The current Price-to-Tangible-Book is 26.40 and 1327% above the Business Services industry median of 1.85. McMillan Shakespeare's overall GF Score™ is 71/100 with 11 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 McMillan Shakespeare (MCSLF), the current Price-to-Tangible-Book is 26.40 as of Sep. 10, 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 McMillan Shakespeare (MCSLF) Overvalued in 2026?
Based on GuruFocus' analysis, McMillan Shakespeare stock appears to be overvalued.
The current stock price of $9.90 is trading 0.9% above its estimated GF Value™ of $9.81.
Key valuation signals for MCSLF:
Price-to-Tangible-Book: 26.40
GF Value™: $9.81 vs. price of $9.90 (0.9% above fair value)
Industry Position: 1327% above the Business Services median (#895 of 909)
No single metric tells the full story. See the MCSLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.
71GF Score
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