Virnect Co (XKRX:438700) Price-to-Tangible-Book : 1.33 (As of Jun. 22, 2024)

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What is Virnect Co Price-to-Tangible-Book?

As of today (2024-06-22), Virnect Co's share price is ₩4955.00. Virnect Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ₩3,718.83. Hence, Virnect Co's Price to Tangible Book Ratio of today is 1.33.

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

XKRX:438700' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.33 Med: 2.28 Max: 2.54
Current: 1.33

During the past 3 years, Virnect Co's highest Price to Tangible Book Ratio was 2.54. The lowest was 1.33. And the median was 2.28.

XKRX:438700's Price-to-Tangible-Book is ranked better than
85.33% of 2086 companies
in the Software industry
Industry Median: 3.46 vs XKRX:438700: 1.33

A closely related ratio is called PB Ratio. As of today, Virnect Co's share price is ₩4955.00. Virnect Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ₩3,765.03. Hence, Virnect Co's P/B Ratio of today is 1.32.

Virnect Co Price-to-Tangible-Book Historical Data

The historical data trend for Virnect Co'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.

Virnect Co Price-to-Tangible-Book Chart

Virnect Co Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.28

Virnect Co Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	2.54	2.28	2.00

Competitive Comparison of Virnect Co's Price-to-Tangible-Book

For the Software - Application subindustry, Virnect Co'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.

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

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

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

Virnect Co Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	4955.00	/	3718.833
	=	1.33

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.

Virnect Co Price-to-Tangible-Book Related Terms

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

Virnect Co (XKRX:438700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virnect Co Ltd (XKRX:438700) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-15, Hangang-daero 7-gil, Vernect Experience Center, Yongsan-gu, Seoul, KOR

Website

https://www.virnect.com

Virnect Co Ltd is a technology company that leads XR technology trends and specializes in developing XR solutions that can solve problems in the industrial field. It provides products and services for 3D real-time visualization, virtual and augmented reality, remote monitoring and operation, and telecommunication access. Its product offering comprises VIRNECT Remote, VIRNECT Make, VIRNECT View, VIRNECT Twin, VIRNECT Track, and XR Devices.

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