SoFi Technologies (FRA:6B0) Price-to-Tangible-Book : 2.32 (As of Apr. 27, 2024)

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What is SoFi Technologies Price-to-Tangible-Book?

As of today (2024-04-27), SoFi Technologies's share price is €7.178. SoFi Technologies's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €3.10. Hence, SoFi Technologies's Price to Tangible Book Ratio of today is 2.32.

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

FRA:6B0' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.44 Med: 2.95 Max: 4.33
Current: 2.29

During the past 6 years, SoFi Technologies's highest Price to Tangible Book Ratio was 4.33. The lowest was 1.44. And the median was 2.95.

FRA:6B0's Price-to-Tangible-Book is ranked worse than
78.79% of 495 companies
in the Credit Services industry
Industry Median: 1.07 vs FRA:6B0: 2.29

A closely related ratio is called PB Ratio. As of today, SoFi Technologies's share price is €7.178. SoFi Technologies's Book Value per Sharefor the quarter that ended in Dec. 2023 was €4.92. Hence, SoFi Technologies's P/B Ratio of today is 1.46.

SoFi Technologies Price-to-Tangible-Book Historical Data

The historical data trend for SoFi Technologies'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.

SoFi Technologies Price-to-Tangible-Book Chart

SoFi Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

4.02

1.40

2.98

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial												1.40	1.82	2.61	2.49	2.98

Competitive Comparison of SoFi Technologies's Price-to-Tangible-Book

For the Credit Services subindustry, SoFi Technologies'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.

SoFi Technologies's Price-to-Tangible-Book Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, SoFi Technologies's Price-to-Tangible-Book distribution charts can be found below:

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

SoFi Technologies Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	7.178	/	3.098
	=	2.32

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.

SoFi Technologies Price-to-Tangible-Book Related Terms

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

SoFi Technologies (FRA:6B0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (FRA:6B0) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SOFI:USA SOFI:Mexico

Address

234 1st Street, San Francisco, CA, USA, 94105

Website

https://www.sofi.com

SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.

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