Bytes Technology Group (JSE:BYI) Price-to-Tangible-Book : 62.89 (As of May. 11, 2024)

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What is Bytes Technology Group Price-to-Tangible-Book?

As of today (2024-05-11), Bytes Technology Group's share price is R118.42. Bytes Technology Group's Tangible Book per Share of Aug. 2023 for the quarter that ended in Aug. 2023 was R1.88. Hence, Bytes Technology Group's Price to Tangible Book Ratio of today is 62.89.

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

JSE:BYI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 48.14 Med: 145.82 Max: 245.29
Current: 62

During the past 6 years, Bytes Technology Group's highest Price to Tangible Book Ratio was 245.29. The lowest was 48.14. And the median was 145.82.

JSE:BYI's Price-to-Tangible-Book is ranked worse than
97.03% of 2088 companies
in the Software industry
Industry Median: 3.61 vs JSE:BYI: 62.00

A closely related ratio is called PB Ratio. As of today, Bytes Technology Group's share price is R118.42. Bytes Technology Group's Book Value per Sharefor the quarter that ended in Aug. 2023 was R5.98. Hence, Bytes Technology Group's P/B Ratio of today is 19.82.

Bytes Technology Group Price-to-Tangible-Book Historical Data

The historical data trend for Bytes Technology Group'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.

Bytes Technology Group Price-to-Tangible-Book Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Price-to-Tangible-Book

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230.66

49.13

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Price-to-Tangible-Book	Get a 7-Day Free Trial						-	230.66	245.07	49.13	61.36

Competitive Comparison of Bytes Technology Group's Price-to-Tangible-Book

For the Software - Infrastructure subindustry, Bytes Technology Group'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.

Bytes Technology Group's Price-to-Tangible-Book Distribution in the Software Industry

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

* The bar in red indicates where Bytes Technology Group's Price-to-Tangible-Book falls into.

Bytes Technology Group Price-to-Tangible-Book Calculation

Bytes Technology Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Aug. 2023 )
	=	118.42	/	1.883
	=	62.89

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.

Bytes Technology Group Price-to-Tangible-Book Related Terms

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

Bytes Technology Group (JSE:BYI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bytes Technology Group PLC (JSE:BYI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

BYITl:UK BYIT:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

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