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RELY (Remitly Global) Price-to-Tangible-Book : 6.23 (As of Oct. 31, 2024)


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What is Remitly Global Price-to-Tangible-Book?

As of today (2024-10-31), Remitly Global's share price is $17.98. Remitly Global's Tangible Book per Share of Sep. 2024 for the quarter that ended in Sep. 2024 was $2.89. Hence, Remitly Global's Price to Tangible Book Ratio of today is 6.23.

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

RELY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.75   Med: 7.11   Max: 12.32
Current: 6.22

During the past 5 years, Remitly Global's highest Price to Tangible Book Ratio was 12.32. The lowest was 2.75. And the median was 7.11.

RELY's Price-to-Tangible-Book is ranked worse than
64.81% of 2097 companies
in the Software industry
Industry Median: 3.79 vs RELY: 6.22

A closely related ratio is called PB Ratio. As of today, Remitly Global's share price is $17.98. Remitly Global's Book Value per Sharefor the quarter that ended in Sep. 2024 was $3.23. Hence, Remitly Global's P/B Ratio of today is 5.56.


Remitly Global Price-to-Tangible-Book Historical Data

The historical data trend for Remitly Global'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.

Remitly Global Price-to-Tangible-Book Chart

Remitly Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
- - 7.05 4.13 8.00

Remitly Global Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.31 8.00 8.33 4.64 4.64

Competitive Comparison of Remitly Global's Price-to-Tangible-Book

For the Software - Infrastructure subindustry, Remitly Global'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.


Remitly Global's Price-to-Tangible-Book Distribution in the Software Industry

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

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



Remitly Global Price-to-Tangible-Book Calculation

Remitly Global's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Sep. 2024 )
=17.98/2.887
=6.23

* 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.

It can also be calculated from the numbers for the whole company:

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.


Remitly Global Price-to-Tangible-Book Related Terms

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


Remitly Global Business Description

Traded in Other Exchanges
N/A
Address
1111 Third Avenue, Suite 2100, Seattle, WA, USA, 98101
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Executives
Joshua Hug director, officer: Chief Operating Officer 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Matthew B. Oppenheimer director, officer: Chief Executive Officer 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Gail A Miller officer: Chief Accounting Officer C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101
Rene Yoakum officer: EVP, Customer and Culture C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Ankur Sinha officer: Chief Technology Officer C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Hemanth Munipalli officer: Chief Financial Officer C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101
Bora Chung director C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303
Nigel W Morris director 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Phyllis J Campbell director C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Ryno Blignaut director C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104
Stripes Holdings, Llc 10 percent owner 402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014
Stripes Iii, Lp 10 percent owner 402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014
Stripes Gp Iii, Llc 10 percent owner 402 WEST 13TH STREET, NEW YORK NY 10014
Kenneth A Fox 10 percent owner
William Kazuo Bryant director 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101