PT Goto Gojek Tokopedia Tbk (ISX:GOTO) PB Ratio : 1.72 (As of Apr. 29, 2024)

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What is PT Goto Gojek Tokopedia Tbk 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 (2024-04-29), PT Goto Gojek Tokopedia Tbk's share price is Rp61.00. PT Goto Gojek Tokopedia Tbk's Book Value per Share for the quarter that ended in Dec. 2023 was Rp35.43. Hence, PT Goto Gojek Tokopedia Tbk's PB Ratio of today is 1.72.

The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's PB Ratio or its related term are showing as below:

ISX:GOTO' s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 1.01 Max: 2.63
Current: 1.72

During the past 6 years, PT Goto Gojek Tokopedia Tbk's highest PB Ratio was 2.63. The lowest was 0.51. And the median was 1.01.

ISX:GOTO's PB Ratio is ranked better than
69.08% of 2581 companies
in the Software industry
Industry Median: 2.67 vs ISX:GOTO: 1.72

During the past 12 months, PT Goto Gojek Tokopedia Tbk's average Book Value Per Share Growth Rate was -70.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 27.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 43.20% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of PT Goto Gojek Tokopedia Tbk was 101.70% per year. The lowest was 27.40% per year. And the median was 99.60% per year.

Back to Basics: PB Ratio

PT Goto Gojek Tokopedia Tbk PB Ratio Historical Data

The historical data trend for PT Goto Gojek Tokopedia Tbk'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.

PT Goto Gojek Tokopedia Tbk PB Ratio Chart

PT Goto Gojek Tokopedia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.77

2.43

PT Goto Gojek Tokopedia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial									0.77	0.94	0.98	0.77	2.43

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's PB Ratio

For the Software - Application subindustry, PT Goto Gojek Tokopedia Tbk'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.

PT Goto Gojek Tokopedia Tbk's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's PB Ratio falls into.

PT Goto Gojek Tokopedia Tbk 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.

PT Goto Gojek Tokopedia Tbk's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	61.00	/	35.43
	=	1.72

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.

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) 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.

PT Goto Gojek Tokopedia Tbk PB Ratio Related Terms

Thank you for viewing the detailed overview of PT Goto Gojek Tokopedia Tbk's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Goto Gojek Tokopedia Tbk (ISX:GOTO) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

CK8:Germany

Address

Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160

Website

https://www.gotocompany.com

GoTo is an Indonesian ecosystem that combines e-commerce, ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021. The company has 64 million active paying users and 12 million merchants as of 2022 on its platform. In 2022, on-demand accounted for 55% of revenue, e-commerce for 37%, and financial services for 8%. However, 82% of nonfinancial services gross transactional value comes from e-commerce, as it is the focal point in the ecosystem. The company competes with giants such as Sea-backed Shopee, Alibaba's Lazada, and smaller peers such as Bukalapak in e-commerce—and with Grab in the ride-hailing and delivery business.

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