Iridium Communications (FRA:6IC) Price-to-Tangible-Book : 4.56 (As of May. 07, 2024)

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What is Iridium Communications Price-to-Tangible-Book?

As of today (2024-05-07), Iridium Communications's share price is €28.06. Iridium Communications's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was €6.15. Hence, Iridium Communications's Price to Tangible Book Ratio of today is 4.56.

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

FRA:6IC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.5 Med: 1.9 Max: 8.11
Current: 4.56

During the past 13 years, Iridium Communications's highest Price to Tangible Book Ratio was 8.11. The lowest was 0.50. And the median was 1.90.

FRA:6IC's Price-to-Tangible-Book is ranked worse than
71.33% of 279 companies
in the Telecommunication Services industry
Industry Median: 2.51 vs FRA:6IC: 4.56

A closely related ratio is called PB Ratio. As of today, Iridium Communications's share price is €28.06. Iridium Communications's Book Value per Sharefor the quarter that ended in Mar. 2024 was €6.46. Hence, Iridium Communications's P/B Ratio of today is 4.35.

Iridium Communications Price-to-Tangible-Book Historical Data

The historical data trend for Iridium Communications'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.

Iridium Communications Price-to-Tangible-Book Chart

Iridium Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.32

3.68

4.46

5.94

5.88

Iridium Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															7.24	8.01	6.40	5.88	3.93

Competitive Comparison of Iridium Communications's Price-to-Tangible-Book

For the Telecom Services subindustry, Iridium Communications'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.

Iridium Communications's Price-to-Tangible-Book Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Iridium Communications's Price-to-Tangible-Book distribution charts can be found below:

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

Iridium Communications Price-to-Tangible-Book Calculation

Iridium Communications's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	28.06	/	6.147
	=	4.56

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.

Iridium Communications Price-to-Tangible-Book Related Terms

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

Iridium Communications (FRA:6IC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Iridium Communications Inc (FRA:6IC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

IRDM:USA 6IC:Germany

Address

1750 Tysons Boulevard, Suite 1400, McLean, VA, USA, 22102

Website

https://www.iridium.com

Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.

Iridium Communications (FRA:6IC) Headlines

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