Iris Energy (Iris Energy) Price-to-Tangible-Book : 1.20 (As of May. 05, 2024)

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What is Iris Energy Price-to-Tangible-Book?

As of today (2024-05-05), Iris Energy's share price is $4.73. Iris Energy's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $3.93. Hence, Iris Energy's Price to Tangible Book Ratio of today is 1.20.

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

IREN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.25 Med: 1.41 Max: 1.93
Current: 1.2

During the past 4 years, Iris Energy's highest Price to Tangible Book Ratio was 1.93. The lowest was 0.25. And the median was 1.41.

IREN's Price-to-Tangible-Book is ranked better than
54.38% of 719 companies
in the Capital Markets industry
Industry Median: 1.3 vs IREN: 1.20

A closely related ratio is called PB Ratio. As of today, Iris Energy's share price is $4.73. Iris Energy's Book Value per Sharefor the quarter that ended in Dec. 2023 was $3.93. Hence, Iris Energy's P/B Ratio of today is 1.20.

Iris Energy Price-to-Tangible-Book Historical Data

The historical data trend for Iris Energy'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.

Iris Energy Price-to-Tangible-Book Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

0.41

0.99

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial							1.88	0.41	0.25	0.99	1.82

Competitive Comparison of Iris Energy's Price-to-Tangible-Book

For the Capital Markets subindustry, Iris Energy'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.

Iris Energy's Price-to-Tangible-Book Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Iris Energy's Price-to-Tangible-Book distribution charts can be found below:

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

Iris Energy Price-to-Tangible-Book Calculation

Iris Energy's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.73	/	3.932
	=	1.20

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.

Iris Energy Price-to-Tangible-Book Related Terms

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

Iris Energy (Iris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Iris Energy Ltd (NAS:IREN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.