EROAD (NZSE:ERD) Price-to-Tangible-Book : 3.19 (As of Jun. 24, 2024)

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What is EROAD Price-to-Tangible-Book?

As of today (2024-06-24), EROAD's share price is NZ$1.01. EROAD's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was NZ$0.32. Hence, EROAD's Price to Tangible Book Ratio of today is 3.19.

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

NZSE:ERD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.59 Med: 7.01 Max: 24.96
Current: 3.16

During the past 9 years, EROAD's highest Price to Tangible Book Ratio was 24.96. The lowest was 2.59. And the median was 7.01.

NZSE:ERD's Price-to-Tangible-Book is ranked better than
53.59% of 2088 companies
in the Software industry
Industry Median: 3.47 vs NZSE:ERD: 3.16

A closely related ratio is called PB Ratio. As of today, EROAD's share price is NZ$1.01. EROAD's Book Value per Sharefor the quarter that ended in Mar. 2024 was NZ$1.64. Hence, EROAD's P/B Ratio of today is 0.62.

EROAD Price-to-Tangible-Book Historical Data

The historical data trend for EROAD'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.

EROAD Price-to-Tangible-Book Chart

EROAD Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

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10.07

6.14

24.96

10.39

2.59

EROAD Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial														24.96	10.37	10.39	2.49	2.59

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

For the Software - Infrastructure subindustry, EROAD'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.

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

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

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

EROAD Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	1.01	/	0.317
	=	3.19

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.

EROAD Price-to-Tangible-Book Related Terms

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

EROAD (NZSE:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EROAD Ltd (NZSE:ERD) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ERDLF:USA ERD:Australia

Address

North Shore, P.O. Box 305394, Triton Plaza, Auckland, NTL, NZL, 0757

Website

https://www.eroad.com

EROAD Ltd is a New Zealand Based company which is a fully integrated technology, tolling and services provider. It designs and manufactures in-vehicle hardware operates secure payment and merchant gateways and offers web-based value-added services. The company provides electronic on-board units and software as a service to the transport industry. Its products are categorized in RUC Compliance, Health & Safety, and Fleet Management. It operates through four segments: Corporate & Development, North America, Australia, and New Zealand.

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