Thinkific Labs (TSX:THNC) Price-to-Tangible-Book : 2.66 (As of May. 12, 2024)

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What is Thinkific Labs Price-to-Tangible-Book?

As of today (2024-05-12), Thinkific Labs's share price is C$3.50. Thinkific Labs's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$1.31. Hence, Thinkific Labs's Price to Tangible Book Ratio of today is 2.66.

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

TSX:THNC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.07 Med: 1.78 Max: 8.1
Current: 2.67

During the past 6 years, Thinkific Labs's highest Price to Tangible Book Ratio was 8.10. The lowest was 1.07. And the median was 1.78.

TSX:THNC's Price-to-Tangible-Book is ranked better than
62.6% of 2088 companies
in the Software industry
Industry Median: 3.61 vs TSX:THNC: 2.67

A closely related ratio is called PB Ratio. As of today, Thinkific Labs's share price is C$3.50. Thinkific Labs's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$1.32. Hence, Thinkific Labs's P/B Ratio of today is 2.66.

Thinkific Labs Price-to-Tangible-Book Historical Data

The historical data trend for Thinkific Labs'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.

Thinkific Labs Price-to-Tangible-Book Chart

Thinkific Labs Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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4.43

1.26

2.39

Thinkific Labs Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial														1.54	1.48	1.64	2.39	3.04

Competitive Comparison of Thinkific Labs's Price-to-Tangible-Book

For the Software - Application subindustry, Thinkific Labs'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.

Thinkific Labs's Price-to-Tangible-Book Distribution in the Software Industry

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

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

Thinkific Labs Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	3.50	/	1.314
	=	2.66

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.

Thinkific Labs Price-to-Tangible-Book Related Terms

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

Thinkific Labs (TSX:THNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinkific Labs Inc (TSX:THNC) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

THNCF:USA 5S0:Germany

Address

369 Terminal Ave, Suite 400, Vancouver, BC, CAN, V6A 4C4

Website

https://www.thinkific.com

Thinkific Labs Inc is a cloud-based software platform. The Company's primary business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching what they know. The Company's platform provides its Creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites, and other experiences that our Creators can create, sell and deliver using the Company's Platform.

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