What is SoFi Technologies PB Ratio?
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-04), SoFi Technologies's share price is $6.72. SoFi Technologies's Book Value per Share for the quarter that ended in Mar. 2024 was $5.51. Hence, SoFi Technologies's PB Ratio of today is 1.22.
Good Sign:
SoFi Technologies Inc stock PB Ratio (=1.23) is close to 1-year low of 1.23
The historical rank and industry rank for SoFi Technologies's PB Ratio or its related term are showing as below:
SOFI' s PB Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.39 Max: 4.32
Current: 1.22
During the past 6 years, SoFi Technologies's highest PB Ratio was 4.32. The lowest was 0.78. And the median was 1.39.
SOFI's PB Ratio is ranked worse than
58.74% of 509 companies
in the Credit Services industry
Industry Median: 0.99 vs SOFI: 1.22
During the past 12 months, SoFi Technologies's average Book Value Per Share Growth Rate was -0.90% per year.
Back to Basics: PB Ratio
SoFi Technologies PB Ratio Historical Data
The historical data trend for SoFi Technologies's PB Ratio 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.
SoFi Technologies PB Ratio Chart
| SoFi Technologies Annual Data | ||||||||||||||
| Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||
| PB Ratio | Get a 7-Day Free Trial | - | - | 2.99 | 0.83 | 1.85 | ||||||||
| SoFi Technologies Quarterly Data | ||||||||||||||||||
| Dec18 | Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
| PB Ratio | Get a 7-Day Free Trial | 1.09 | 1.51 | 1.51 | 1.85 | 1.32 | ||||||||||||
Competitive Comparison of SoFi Technologies's PB Ratio
For the Credit Services subindustry, SoFi Technologies's PB Ratio, along with its competitors' market caps and PB Ratio 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.
SoFi Technologies's PB Ratio Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, SoFi Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where SoFi Technologies's PB Ratio falls into.
SoFi Technologies PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
SoFi Technologies's PB Ratio for today is calculated as follows:
| PB Ratio | = | Share Price | / | Book Value per Share (Q: Mar. 2024) |
| = | 6.72 | / | 5.514 | |
| = | 1.22 |
* 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:
| PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
SoFi Technologies(NAS:SOFI) PB Ratio Explanation
Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
SoFi Technologies PB Ratio Related Terms
Thank you for viewing the detailed overview of SoFi Technologies's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SoFi Technologies (SoFi Technologies) Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » PB Ratio
Comparable Companies
ALLY OBDC CACC FCFS OMF WU NNI SLM SYF QFIN V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
SOFI:Mexico 6B0:Germany 6B0:Germany
Address
234 1st Street, San Francisco, CA, USA, 94105
Website
SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.
Executives
| Jeremy Rishel | officer: Chief Technology Officer | 234 1ST STREET, SAN FRANCISCO CA 94105 |
| Anthony Noto | director, officer: Chief Executive Officer | C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105 |
| Christopher Lapointe | officer: Chief Financial Officer | 234 1ST ST, SAN FRANCISCO CA 94105 |
| Webb Lauren Stafford | officer: Chief Marketing Officer | 234 1ST ST, SAN FRANCISCO CA 94105 |
| Aaron Webster | officer: Chief Risk Officer | 234 1ST ST, SAN FRANCISCO CA 94105 |
| Chad M Borton | officer: President - SoFi Bank | 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263 |
| Hele John C.r. | director | WESSEX HOUSE, 4TH FLOOR, 45 REID STREET, HAMILTON D0 HM 12 |
| Robert S Lavet | officer: General Counsel and Secretary | 12061 BLUEMONT WAY, RESTON VA 20190 |
| Softbank Group Corp | director, 10 percent owner | 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537 |
| Michelle Gill | officer: EVP & Group Business Leader | 16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129 |
| Harvey M Schwartz | director | C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282 |
| Micah Heavener | officer: Head of Operations | 234 1ST ST, SAN FRANCISCO CA 94105 |
| George Thompson Hutton | director | C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755 |
| Investment Authority Qatar | director | P.O. BOX 23224, DOHA S3 QATAR |
| Thomas Clayton Wilkes | director, officer: CEO - Galileo | 234 1ST ST, SAN FRANCISCO CA 94015 |
SoFi Technologies (SoFi Technologies) Headlines
From GuruFocus
Galileo Introduces Corporate Credit Solution that Streamlines B2B Expense Management for Fintechs and Non-Financial Brands
By Business Wire • 10-17-2023
SoFi Takes Home Three Awards in NerdWallet's 2024 Best-Of Awards
By Business Wire • 01-08-2024
SoFi Makes It Possible to Achieve �All Your Ambitions, All In One App�
By Business Wire • 10-06-2023
SoFi Technologies Inc CEO Anthony Noto Bolsters Confidence with Substantial Insider Purchase
By GuruFocus Research • 11-22-2023
CORRECTING and REPLACING New SoFi Survey Reveals America's Top Financial Ambitions; Two-Thirds of Gen Z and Millennials Are Willing to Skip Dining Out for 5 Years to Retire by 50
By Business Wire • 10-12-2023
SoFi Launches Small Business Financing Marketplace
By Business Wire • 01-17-2024
Galileo Expands Buy Now, Pay Later Lender Offering to Help Lenders Reach Small Businesses, Leveraging the Mastercard Network
By Business Wire • 10-05-2023
SoFi to Participate in Upcoming Investor Conferences
By Business Wire • 11-07-2023
SoFi Schedules Conference Call to Discuss Q2 2023 Results
By Business Wire • 07-05-2023
SoFi Technologies, Inc. Reports Second Quarter 2023 Results
By Business Wire • 07-31-2023
