ReadCloud (ASX:RCL) PB Ratio : 0.89 (As of May. 14, 2024)

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What is ReadCloud PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-14), ReadCloud's share price is A$0.059. ReadCloud's Book Value per Share for the quarter that ended in Sep. 2023 was A$0.07. Hence, ReadCloud's PB Ratio of today is 0.89.

Warning Sign:

ReadCloud Ltd stock PB Ratio (=0.88) is close to 1-year high of 0.9

The historical rank and industry rank for ReadCloud's PB Ratio or its related term are showing as below:

ASX:RCL' s PB Ratio Range Over the Past 10 Years
Min: 0.61 Med: 3.68 Max: 9.73
Current: 0.9

During the past 7 years, ReadCloud's highest PB Ratio was 9.73. The lowest was 0.61. And the median was 3.68.

ASX:RCL's PB Ratio is ranked better than
88.76% of 2581 companies
in the Software industry
Industry Median: 2.68 vs ASX:RCL: 0.90

During the past 12 months, ReadCloud's average Book Value Per Share Growth Rate was -18.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -5.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.70% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of ReadCloud was 13.60% per year. The lowest was -17.90% per year. And the median was 3.40% per year.

Back to Basics: PB Ratio

ReadCloud PB Ratio Historical Data

The historical data trend for ReadCloud's PB Ratio 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.

ReadCloud PB Ratio Chart

ReadCloud Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Sep22

Sep23

PB Ratio

Get a 7-Day Free Trial

5.33

3.52

3.07

1.61

0.82

ReadCloud Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Mar22	Sep22	Mar23	Sep23
PB Ratio	Get a 7-Day Free Trial						3.07	2.30	1.61	0.64	0.82

Competitive Comparison of ReadCloud's PB Ratio

For the Software - Application subindustry, ReadCloud's PB Ratio, along with its competitors' market caps and PB Ratio 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.

ReadCloud's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, ReadCloud's PB Ratio distribution charts can be found below:

* The bar in red indicates where ReadCloud's PB Ratio falls into.

ReadCloud PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

ReadCloud's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	0.059	/	0.066
	=	0.89

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

ReadCloud (ASX:RCL) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

ReadCloud PB Ratio Related Terms

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ReadCloud (ASX:RCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadCloud Ltd (ASX:RCL) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

126 Church Street, Level 1, Brighton, VIC, AUS, 3186

Website

https://www.readcloud.com

ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.