ReadCloud (ASX:RCL) Price-to-Tangible-Book : (As of May. 27, 2024)

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What is ReadCloud Price-to-Tangible-Book?

As of today (2024-05-27), ReadCloud's share price is A$0.058. ReadCloud's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was A$-0.01. Hence, ReadCloud's Price to Tangible Book Ratio of today is .

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

During the past 7 years, ReadCloud's highest Price to Tangible Book Ratio was 28.12. The lowest was 8.16. And the median was 8.34.

ASX:RCL's Price-to-Tangible-Book is not ranked ^*
in the Software industry.
Industry Median: 3.54
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, ReadCloud's share price is A$0.058. ReadCloud's Book Value per Sharefor the quarter that ended in Sep. 2023 was A$0.07. Hence, ReadCloud's P/B Ratio of today is 0.88.

ReadCloud Price-to-Tangible-Book Historical Data

The historical data trend for ReadCloud'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.

ReadCloud Price-to-Tangible-Book Chart

ReadCloud Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Sep22

Sep23

Price-to-Tangible-Book

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28.12

8.20

8.39

8.16

ReadCloud Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial						8.39	6.23	8.16	19.33	-

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

For the Software - Application subindustry, ReadCloud'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.

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

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

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

ReadCloud Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.058	/	-0.008
	=

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.

ReadCloud Price-to-Tangible-Book Related Terms

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

ReadCloud (ASX:RCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadCloud Ltd (ASX:RCL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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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.