TextMagic AS (OTSE:MAGIC) Price-to-Tangible-Book : 12.41 (As of May. 30, 2024)

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What is TextMagic AS Price-to-Tangible-Book?

As of today (2024-05-30), TextMagic AS's share price is €4.32. TextMagic AS's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €0.35. Hence, TextMagic AS's Price to Tangible Book Ratio of today is 12.41.

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

OTSE:MAGIC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 12 Med: 17.21 Max: 21.38
Current: 12.34

During the past 3 years, TextMagic AS's highest Price to Tangible Book Ratio was 21.38. The lowest was 12.00. And the median was 17.21.

OTSE:MAGIC's Price-to-Tangible-Book is ranked worse than
82.84% of 2086 companies
in the Software industry
Industry Median: 3.51 vs OTSE:MAGIC: 12.34

A closely related ratio is called PB Ratio. As of today, TextMagic AS's share price is €4.32. TextMagic AS's Book Value per Sharefor the quarter that ended in Dec. 2023 was €4.21. Hence, TextMagic AS's P/B Ratio of today is 1.03.

TextMagic AS Price-to-Tangible-Book Historical Data

The historical data trend for TextMagic AS'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.

TextMagic AS Price-to-Tangible-Book Chart

TextMagic AS Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

21.38

17.21

12.07

TextMagic AS Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	10.49	17.21	19.52	12.07

Competitive Comparison of TextMagic AS's Price-to-Tangible-Book

For the Software - Application subindustry, TextMagic AS'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.

TextMagic AS's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, TextMagic AS's Price-to-Tangible-Book distribution charts can be found below:

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

TextMagic AS Price-to-Tangible-Book Calculation

TextMagic AS's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.32	/	0.348
	=	12.41

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.

TextMagic AS Price-to-Tangible-Book Related Terms

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

TextMagic AS (OTSE:MAGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TextMagic AS (OTSE:MAGIC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moisa Road 4, Tallinn, EST, 13522

Website

https://www.textmagic.com

TextMagic AS is an international text messaging company that helps small and medium-sized businesses to engage with customers. It operates mainly in the U.S., the U.K., Canada, and Australia. TextMagic enables companies to transform customer experiences through its easy-to-use text messaging marketing software, which can be used for sending notifications, alerts, reminders, confirmations, and SMS marketing campaigns anytime, anywhere. The majority of revenue is derived from the United States and Canada.

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