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The following section summarizes insights on Xero Ltd's Price / Book:
Data is returned as a standard number. Suggested format is a multiple (e.g 7.0x).
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Price / Book in the popular category include:
Compares a firm's market value of equity to the amount of common equity listed on the balance sheet.
Price to Book is defined as:
Price / Book = Market Cap / Common Equity
Applying this formula, Xero’s Price / Book is calculated below:
Market Capitalization [ NA ]
(/) Common Equity [ NA ]
(=) Price / Book [ 14.0x ]
Price / Book (P/B) also known as the price-to-book ratio, or P/B ratio, is a financial ratio that compares a company’s current market cap to its book value. It is the inverse of Book to Market and the same as Market Cap / Book Value.
The tables below summarizes the trend in Xero’s price / book over the last five years:
| Date | Market Cap | Book Value | Price / Book |
|---|---|---|---|
| 2020-03-31 | NA | NA | 23.5 |
| 2021-03-31 | NA | NA | 27.0 |
| 2022-03-31 | NA | NA | 16.0 |
| 2023-03-31 | NA | NA | 13.6 |
| 2024-03-31 | NA | NA | 15.8 |
The chart above depicts the distribution of Price / Book for companies operating in the Information Technology Sector in the Developed economic region. Over 3,350 companies were considered in this analysis, and 2,253 had meaningful values. The average Price / Book of companies in the Sector is 3.4x with a standard deviation of 3.4x. Please note that Sector and Industry values may differ from other sources, as no adjustments have been made.
Xero Ltd's Price / Book of 14.0x ranks in the 99.4% percentile for the Sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,355 |
| Included Constituents | 2,253 |
| Min | -6.7x |
| Max | 14.5x |
| Median | 2.6x |
| Mean | 3.4x |
| Standard Deviation | 3.4x |
You can find companies with similar Price / Book using this stock screener.