NexTone (TSE:7094) Price-to-Tangible-Book : 7.89 (As of May. 29, 2024)

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What is NexTone Price-to-Tangible-Book?

As of today (2024-05-29), NexTone's share price is 円1564.00. NexTone's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円198.34. Hence, NexTone's Price to Tangible Book Ratio of today is 7.89.

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

TSE:7094' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.74 Med: 13.24 Max: 19.28
Current: 7.89

During the past 6 years, NexTone's highest Price to Tangible Book Ratio was 19.28. The lowest was 4.74. And the median was 13.24.

TSE:7094's Price-to-Tangible-Book is ranked worse than
86.57% of 864 companies
in the Business Services industry
Industry Median: 2.045 vs TSE:7094: 7.89

A closely related ratio is called PB Ratio. As of today, NexTone's share price is 円1564.00. NexTone's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円403.05. Hence, NexTone's P/B Ratio of today is 3.88.

NexTone Price-to-Tangible-Book Historical Data

The historical data trend for NexTone'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.

NexTone Price-to-Tangible-Book Chart

NexTone Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

4.74

16.01

12.49

10.74

NexTone Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial														17.02	10.74	7.75	8.60	6.12

Competitive Comparison of NexTone's Price-to-Tangible-Book

For the Specialty Business Services subindustry, NexTone'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.

NexTone's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, NexTone's Price-to-Tangible-Book distribution charts can be found below:

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

NexTone Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1564.00	/	198.34
	=	7.89

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.

NexTone Price-to-Tangible-Book Related Terms

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

NexTone (TSE:7094) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NexTone Inc (TSE:7094) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-39 Hiroo, 20th Floor Ebisu Prime Square Tower, Shibuya-ku, Tokyo, JPN, 150-0012

Website

https://www.nex-tone.co.jp

NexTone Inc is a provider of solutions for rights holders offering flexible copyright management and licensing, transparent operations and processing, and equitable royalty distribution. The company provides copyright management services for the right holders and music users. Its business support services include digital content service, casting service, services for music users, and system development services.

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