As of today (2024-06-08), Redfin's share price is $6.45. Redfin's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $-5.47. Hence, Redfin's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Redfin's Price-to-Tangible-Book or its related term are showing as below:
During the past 10 years, Redfin's highest Price to Tangible Book Ratio was 20.81. The lowest was 3.61. And the median was 9.07.
RDFN's Price-to-Tangible-Book is not ranked *
in the Real Estate industry.
Industry Median: 0.81 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Redfin's share price is $6.45. Redfin's Book Value per Sharefor the quarter that ended in Mar. 2024 was $-0.38. Hence, Redfin's P/B Ratio of today is .
Redfin Price-to-Tangible-Book Historical Data
The historical data trend for Redfin'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.
Competitive Comparison of Redfin's Price-to-Tangible-Book
For the Real Estate Services subindustry, Redfin'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.
Redfin's Price-to-Tangible-Book Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Redfin's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Redfin's Price-to-Tangible-Book falls into.
Redfin Price-to-Tangible-Book Calculation
Redfin's price-to-tangible-book ratio for today is calculated as:
* 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.
Redfin Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Redfin's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Redfin Corp is a residential real estate broker. It pairs their own agents with the technology to create a service that is faster and costs less. The company meet customers through listings-search website and mobile application. The company uses same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has four reportable segment which are real estate services, properties, rentals, and mortgage. The company generates majority of the revenue from Real estate services.
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