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 (2024-05-29), iCoreConnect's share price is $0.9763. iCoreConnect's Book Value per Share for the quarter that ended in Mar. 2024 was $0.60. Hence, iCoreConnect's PB Ratio of today is 1.62.
The historical rank and industry rank for iCoreConnect's PB Ratio or its related term are showing as below:
ICCT'
s PB Ratio Range Over the Past 10 Years
Min: 1.25 Med: 25.03 Max: 397.87
Current: 1.63
During the past 13 years, iCoreConnect's highest PB Ratio was 397.87. The lowest was 1.25. And the median was 25.03.
ICCT's PB Ratio is ranked better than 60.47% of 592
companies
in the Healthcare Providers & Services industry
Industry Median: 2.165
vs ICCT: 1.63
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of iCoreConnect was 90.90% per year. The lowest was 2.90% per year. And the median was 8.00% per year.
Back to Basics: PB Ratio
iCoreConnect PB Ratio Historical Data
The historical data trend for iCoreConnect'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.
For the Health Information Services subindustry, iCoreConnect'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.
iCoreConnect's PB Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, iCoreConnect's PB Ratio distribution charts can be found below:
* The bar in red indicates where iCoreConnect's PB Ratio falls into.
iCoreConnect 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.
iCoreConnect's PB Ratio for today is calculated as follows:
* 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 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.
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.
iCoreConnect PB Ratio Related Terms
Thank you for viewing the detailed overview of iCoreConnect's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems. Its core services technology can be adopted to other vertical markets that require a high degree of secure data communication, such as the legal, financial and education fields. It markets secure HIPAA compliant cloud-based software as a service (SaaS) offering under the names of iCoreExchange, iCoreCodeGenius, iCoreSecure, iCoreMD, iCoreDental, iCoreMobile, iCoreHuddle, iCoreRx, iCorePDMP, iCoreEPCS, and iCorePay. The company's software is sold under annual recurring revenue subscriptions. The Company has a single reporting segment for reporting purposes focused on the North American market.
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