Spotify Technology (Spotify Technology) PB Ratio : 20.15 (As of Apr. 25, 2024)

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What is Spotify Technology 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 (2024-04-25), Spotify Technology's share price is $281.23. Spotify Technology's Book Value per Share for the quarter that ended in Dec. 2023 was $13.96. Hence, Spotify Technology's PB Ratio of today is 20.15.

The historical rank and industry rank for Spotify Technology's PB Ratio or its related term are showing as below:

SPOT' s PB Ratio Range Over the Past 10 Years
Min: 6.21 Med: 12.72 Max: 162.28
Current: 20.15

During the past 9 years, Spotify Technology's highest PB Ratio was 162.28. The lowest was 6.21. And the median was 12.72.

SPOT's PB Ratio is ranked worse than
98.52% of 540 companies
in the Interactive Media industry
Industry Median: 1.845 vs SPOT: 20.15

During the past 12 months, Spotify Technology's average Book Value Per Share Growth Rate was 6.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -8.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.40% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Spotify Technology was 124.70% per year. The lowest was -8.00% per year. And the median was 2.30% per year.

Back to Basics: PB Ratio

Spotify Technology PB Ratio Historical Data

The historical data trend for Spotify Technology'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.

Spotify Technology PB Ratio Chart

Spotify Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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12.18

17.54

18.78

6.00

13.46

Spotify Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															6.00	10.31	14.05	13.22	13.46

Competitive Comparison of Spotify Technology's PB Ratio

For the Internet Content & Information subindustry, Spotify Technology'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.

Spotify Technology's PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Spotify Technology's PB Ratio distribution charts can be found below:

* The bar in red indicates where Spotify Technology's PB Ratio falls into.

Spotify Technology 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.

Spotify Technology's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	281.23	/	13.956
	=	20.15

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.

Spotify Technology (NYSE:SPOT) 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.

Spotify Technology PB Ratio Related Terms

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Spotify Technology (Spotify Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Spotify Technology SA (NYSE:SPOT) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

SPOT:Mexico 1SPOT:Italy 639:Germany 639:Germany S1PO34:Brazil SPOT:Austria

Address

5, Place de la Gare, Luxembourg, LUX, L-1616

Website

https://www.spotify.com

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 489 million total listeners. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 87% and 13% of Spotify's 2022 total revenue, respectively.