New Relic (New Relic) Tangible Book per Share : $2.91 (As of Sep. 2023)

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What is New Relic Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. New Relic's tangible book value per share for the quarter that ended in Sep. 2023 was $2.91.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

New Relic Tangible Book per Share Historical Data

The historical data trend for New Relic's Tangible Book per Share 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.

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New Relic Tangible Book per Share Chart

New Relic Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Tangible Book per Share

Get a 7-Day Free Trial

5.06

5.55

4.03

2.15

2.25

New Relic Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Tangible Book per Share	Get a 7-Day Free Trial															1.94	1.92	2.25	2.43	2.91

Competitive Comparison of New Relic's Tangible Book per Share

For the Software - Application subindustry, New Relic'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.

New Relic's Price-to-Tangible-Book Distribution in the Software Industry

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

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

New Relic Tangible Book per Share Calculation

New Relic's Tangible Book Value Per Share for the fiscal year that ended in Mar. 2023 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(340.435	-	0	-	183.901)	/	69.526
	=	2.25

New Relic's Tangible Book Value Per Share for the quarter that ended in Sep. 2023 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(387.438	-	0	-	180.951)	/	71.024
	=	2.91

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

New Relic (NYSE:NEWR) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

New Relic Tangible Book per Share Related Terms

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New Relic (New Relic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » New Relic Inc (NYSE:NEWR) » Definitions » Tangible Book per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Spear Street, Suite 1000, San Francisco, CA, USA, 94105

Website

https://www.newrelic.com

New Relic Inc is a provider of software analytics solutions for organizations to collect, store, and analyze massive amounts of software data in real-time. The firm's flagship New Relic Software Analytics Cloud is made up of a suite of products, a Big Data database, and an open platform. Its solutions include diagnostics, reporting and alerting, transaction monitoring, and performance monitoring capabilities. The firm generates revenue from subscription-based arrangements for software offerings, typically for a year. A majority of the firm's revenue is generated in the United States, and the rest from Europe, the Middle East, and Africa; the Asia-Pacific; and other regions.

Executives

Thomas J. Lloyd	officer: Chief Legal Officer, Corp Secy	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Mark Dodds	officer: Chief Revenue Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
William Staples	officer: Chief People Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
David Barter	officer: Chief Financial Officer	C/O MODEL N, INC., 1600 SEAPORT BLVD., SUITE 400, REDWOOD CITY CA 94063
Lewis Cirne	director, officer: CEO	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Kristy Friedrichs	officer: Chief Operating Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Jana Partners Llc	director, other: See Remarks	767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Radhakrishnan Mahendran	director	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Mark Sachleben	officer: Chief Financial Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Steve Hurn	officer: EVP, Worldwide Sales	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Susan Donner Arthur	director	11000 OPTUM CIRCLE, EDEN PRAIRIE MN 55344
Kevin G. Galligan	director	C/O JANA PARTNERS LLC, 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Phalachandra Bhat	director	C/O NEW RELIC, INC., 388 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Takeshi Numoto	director	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1000, SAN FRANCISCO CA 94105
David J Henshall	director	18880 HOMESTEAD ROAD, CUPERTINO CA 95014