Music Licensing (Music Licensing) Price-to-Tangible-Book : 0.01 (As of May. 08, 2024)

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What is Music Licensing Price-to-Tangible-Book?

As of today (2024-05-08), Music Licensing's share price is $0.0001. Music Licensing's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was $0.01. Hence, Music Licensing's Price to Tangible Book Ratio of today is 0.01.

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

SONG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.01 Med: 2.91 Max: 3.08
Current: 0.01

During the past 2 years, Music Licensing's highest Price to Tangible Book Ratio was 3.08. The lowest was 0.01. And the median was 2.91.

SONG's Price-to-Tangible-Book is ranked better than
99.87% of 782 companies
in the Media - Diversified industry
Industry Median: 1.955 vs SONG: 0.01

A closely related ratio is called PB Ratio. As of today, Music Licensing's share price is $0.0001. Music Licensing's Book Value per Sharefor the quarter that ended in Jun. 2023 was $0.01. Hence, Music Licensing's P/B Ratio of today is 0.01.

Music Licensing Price-to-Tangible-Book Historical Data

The historical data trend for Music Licensing'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.

Music Licensing Price-to-Tangible-Book Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

Price-to-Tangible-Book

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23
Price-to-Tangible-Book	-	-	2.73	3.08

Competitive Comparison of Music Licensing's Price-to-Tangible-Book

For the Entertainment subindustry, Music Licensing'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.

Music Licensing's Price-to-Tangible-Book Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Music Licensing's Price-to-Tangible-Book distribution charts can be found below:

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

Music Licensing Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	0.0001	/	0.013
	=	0.01

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.

Music Licensing Price-to-Tangible-Book Related Terms

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

Music Licensing (Music Licensing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Rd N, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues.