TASK Group Holdings (ASX:TSK) PB Ratio : 2.42 (As of May. 27, 2024)

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What is TASK Group Holdings 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 (2024-05-27), TASK Group Holdings's share price is A$0.86. TASK Group Holdings's Book Value per Share for the quarter that ended in Sep. 2023 was A$0.36. Hence, TASK Group Holdings's PB Ratio of today is 2.42.

Warning Sign:

TASK Group Holdings Ltd stock PB Ratio (=2.42) is close to 2-year high of 2.44

The historical rank and industry rank for TASK Group Holdings's PB Ratio or its related term are showing as below:

ASX:TSK' s PB Ratio Range Over the Past 10 Years
Min: 0.38 Med: 1.29 Max: 11.15
Current: 2.42

During the past 13 years, TASK Group Holdings's highest PB Ratio was 11.15. The lowest was 0.38. And the median was 1.29.

ASX:TSK's PB Ratio is ranked better than
54.17% of 2577 companies
in the Software industry
Industry Median: 2.66 vs ASX:TSK: 2.42

During the past 12 months, TASK Group Holdings's average Book Value Per Share Growth Rate was 5.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 50.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 63.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of TASK Group Holdings was 124.60% per year. The lowest was -52.20% per year. And the median was 6.30% per year.

Back to Basics: PB Ratio

TASK Group Holdings PB Ratio Historical Data

The historical data trend for TASK Group Holdings'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.

TASK Group Holdings PB Ratio Chart

TASK Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

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3.54

0.81

0.87

TASK Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
PB Ratio	Get a 7-Day Free Trial															2.27	0.81	0.80	0.87	1.20

Competitive Comparison of TASK Group Holdings's PB Ratio

For the Software - Application subindustry, TASK Group Holdings'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.

TASK Group Holdings's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, TASK Group Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where TASK Group Holdings's PB Ratio falls into.

TASK Group Holdings 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.

TASK Group Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	0.86	/	0.355
	=	2.42

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.

TASK Group Holdings (ASX:TSK) 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.

TASK Group Holdings PB Ratio Related Terms

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TASK Group Holdings (ASX:TSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TASK Group Holdings Ltd (ASX:TSK) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Graham Street, Level 2, Auckland, NZL, 1010

Website

https://TASKsoftware.com

TASK Group Holdings Ltd is a provider of technology solutions enabling its various hospitality clients to maximize their customer relationships in an increasingly digital world. TASK's end-to-end cloud-based platform helps clients to improve customer experiences across every transactional touchpoint, including digital customer-facing services, back-ofhouse and enterprise operations. The Group's ecosystem combines transaction services, personalisation, offer management and BI technology to help clients generate operational efficiencies, drive valuable data insights about their consumer base, activate new promotions and build brand loyalty.

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