As of today (2024-04-18), SoFi Technologies's share price is $7.13. SoFi Technologies's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $3.38. Hence, SoFi Technologies's Price to Tangible Book Ratio of today is 2.11.
The historical rank and industry rank for SoFi Technologies's Price-to-Tangible-Book or its related term are showing as below:
SOFI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.44 Med: 2.95 Max: 4.33
Current: 2.11
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.
SOFI's Price-to-Tangible-Book is ranked worse than 76.21% of 496
companies
in the Credit Services industry
Industry Median: 1.09
vs SOFI: 2.11
A closely related ratio is called PB Ratio. As of today, SoFi Technologies's share price is $7.13. SoFi Technologies's Book Value per Sharefor the quarter that ended in Dec. 2023 was $5.36. Hence, SoFi Technologies's P/B Ratio of today is 1.33.
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 Annual Data
Trend
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
-
-
4.33
1.44
2.95
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
1.44
1.87
2.59
2.44
2.95
Competitive Comparison
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 Price-to-Tangible-Book Distribution
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.
* 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.
It can also be calculated from the numbers for the whole company:
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 (SoFi Technologies) Business Description
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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