Price to Book Value (P/BV)
since 2005
Calculation
Take-Two Interactive Software Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| May 20, 2025 | 19.71 | = | 237.50 | ÷ | 12.05 | 12.05 | = | 2,137,700 | ÷ | 177,424,908 | |
| May 22, 2024 | 4.55 | = | 150.61 | ÷ | 33.07 | 33.07 | = | 5,667,900 | ÷ | 171,385,386 | |
| May 26, 2023 | 2.60 | = | 138.98 | ÷ | 53.40 | 53.40 | = | 9,042,500 | ÷ | 169,333,577 | |
| May 17, 2022 | 3.74 | = | 123.08 | ÷ | 32.90 | 32.90 | = | 3,809,659 | ÷ | 115,808,814 | |
| May 19, 2021 | 6.23 | = | 179.35 | ÷ | 28.81 | 28.81 | = | 3,331,892 | ÷ | 115,656,093 | |
| May 22, 2020 | 6.31 | = | 140.51 | ÷ | 22.29 | 22.29 | = | 2,539,244 | ÷ | 113,942,760 | |
| May 14, 2019 | 5.71 | = | 103.55 | ÷ | 18.13 | 18.13 | = | 2,040,580 | ÷ | 112,541,501 | |
| May 17, 2018 | 8.75 | = | 113.88 | ÷ | 13.02 | 13.02 | = | 1,488,970 | ÷ | 114,379,624 | |
| May 24, 2017 | 8.04 | = | 77.73 | ÷ | 9.67 | 9.67 | = | 1,003,728 | ÷ | 103,836,895 | |
| May 19, 2016 | 5.44 | = | 37.29 | ÷ | 6.85 | 6.85 | = | 581,385 | ÷ | 84,834,119 | |
| May 22, 2015 | 4.10 | = | 27.26 | ÷ | 6.66 | 6.66 | = | 563,088 | ÷ | 84,609,452 | |
| May 14, 2014 | 2.34 | = | 18.99 | ÷ | 8.10 | 8.10 | = | 801,806 | ÷ | 98,970,156 | |
| May 14, 2013 | 2.58 | = | 16.54 | ÷ | 6.40 | 6.40 | = | 587,995 | ÷ | 91,870,014 | |
| May 23, 2012 | 1.78 | = | 11.78 | ÷ | 6.63 | 6.63 | = | 595,727 | ÷ | 89,877,335 | |
| May 25, 2011 | 2.34 | = | 16.62 | ÷ | 7.10 | 7.10 | = | 615,279 | ÷ | 86,678,915 | |
| Dec 20, 2010 | 2.11 | = | 12.85 | ÷ | 6.10 | 6.10 | = | 520,623 | ÷ | 85,351,968 | |
| Dec 18, 2009 | 1.48 | = | 9.01 | ÷ | 6.08 | 6.08 | = | 506,132 | ÷ | 83,187,187 | |
| Dec 19, 2008 | 1.06 | = | 8.43 | ÷ | 7.92 | 7.92 | = | 615,118 | ÷ | 77,677,578 | |
| Dec 20, 2007 | 3.01 | = | 19.10 | ÷ | 6.34 | 6.34 | = | 471,154 | ÷ | 74,331,258 | |
| Feb 28, 2007 | 2.36 | = | 17.80 | ÷ | 7.56 | 7.56 | = | 550,392 | ÷ | 72,838,149 | |
| Jan 31, 2006 | 1.63 | = | 15.86 | ÷ | 9.74 | 9.74 | = | 696,134 | ÷ | 71,437,927 |
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Take-Two Interactive Software Inc. Annual Report.
The Price to Book Value (P/BV) ratio exhibits a trajectory characterized by initial stability, a period of aggressive expansion, a subsequent correction, and a final phase of extreme divergence between market valuation and book value.
- Baseline Valuation Period (2006–2014)
- During this interval, the P/BV ratio remained relatively constrained, generally fluctuating between 1.06 and 3.01. The ratio reached a period low of 1.06 in 2008, coinciding with a share price drop to 8.43 US$. Throughout this phase, the market valuation closely tracked the book value per share, indicating a valuation model heavily reliant on tangible assets.
- Rapid Multiple Expansion (2015–2018)
- A significant shift occurred starting in 2015, where the P/BV ratio began a steep ascent from 4.10 to a peak of 8.75 in 2018. This trend was driven by a rapid increase in the share price, which rose from 27.26 US$ to 113.88 US$ over four years. While the book value per share also grew, the pace of share price appreciation far outstripped equity growth, suggesting an increase in market confidence regarding intangible assets or future earnings potential.
- Correction and Equity Accumulation (2019–2023)
- From 2019 to 2023, a downward trend in the P/BV ratio is observed, falling from 5.71 to 2.60. This contraction occurred despite a substantial increase in the book value per share, which reached a historical peak of 53.40 US$ in 2023. The decline in the ratio during this period reflects a re-alignment where the company's internal equity grew more rapidly than the market's pricing of that equity.
- Extreme Valuation Divergence (2024–2025)
- The most recent period shows a sharp and anomalous spike in the P/BV ratio, jumping from 4.55 in 2024 to 19.71 in 2025. This surge is the result of two simultaneous movements: a significant increase in the share price to 237.50 US$ and a precipitous decline in the book value per share to 12.05 US$. This creates a high-premium valuation, indicating that the current market price is almost entirely decoupled from the accounting book value.
In summary, the long-term trend reveals a transition from a book-value-driven valuation to a speculative or growth-driven valuation. The dramatic increase in the P/BV ratio toward 2025 suggests that the market is assigning an immense premium to the company's intangible value or future prospects, while the tangible equity base has contracted significantly.
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Comparison to Competitors
Take-Two Interactive Software Inc., P/BV, long-term trends, comparison to competitors
| Take-Two Interactive Software Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| May 20, 2025 | 19.71 | 9.65 | 1.10 | 8.60 | 13.66 | 1.75 |
| May 22, 2024 | 4.55 | 7.25 | 1.49 | 9.53 | 16.80 | 1.96 |
| May 26, 2023 | 2.60 | 6.22 | 2.24 | 7.91 | 11.99 | 1.74 |
| May 17, 2022 | 3.74 | 5.26 | 2.08 | 3.89 | 7.82 | 1.82 |
| May 19, 2021 | 6.23 | 7.78 | 2.36 | 5.18 | 10.83 | 3.11 |
| May 22, 2020 | 6.31 | 6.27 | 2.61 | 5.88 | 21.56 | 3.23 |
| May 14, 2019 | 5.71 | 4.94 | 2.43 | 5.91 | 19.86 | 2.98 |
| May 17, 2018 | 8.75 | 4.49 | 2.31 | 5.65 | 27.41 | 3.45 |
| May 24, 2017 | 8.04 | 4.93 | 2.88 | 7.54 | 34.48 | 3.76 |
| May 19, 2016 | 5.44 | 3.99 | 3.31 | 6.39 | 22.89 | 3.61 |
| May 22, 2015 | 4.10 | 3.91 | 2.78 | 7.02 | 18.18 | 4.41 |
| May 14, 2014 | 2.34 | 3.44 | 2.86 | 6.05 | 14.45 | 3.39 |
| May 14, 2013 | 2.58 | 4.57 | 2.84 | 10.31 | 18.15 | 2.68 |
| May 23, 2012 | 1.78 | 3.46 | 2.14 | 6.02 | 12.37 | 2.17 |
| May 25, 2011 | 2.34 | 3.18 | 1.71 | — | 10.68 | 1.61 |
| Dec 20, 2010 | 2.11 | 4.34 | 1.58 | — | 42.87 | 1.86 |
| Dec 18, 2009 | 1.48 | 4.71 | 1.07 | — | 17.50 | 1.70 |
| Dec 19, 2008 | 1.06 | 3.99 | 0.91 | — | 6.03 | 1.07 |
| Dec 20, 2007 | 3.01 | 7.31 | 1.47 | — | 4.47 | 1.95 |
| Feb 28, 2007 | 2.36 | 8.18 | 2.01 | — | 3.72 | 2.14 |
| Jan 31, 2006 | 1.63 | 10.69 | 1.41 | — | 6.17 | 1.88 |
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Sector (Media & Entertainment)
Take-Two Interactive Software Inc., P/BV, long-term trends, comparison to sector (media & entertainment)
| Take-Two Interactive Software Inc. | Media & Entertainment | |
|---|---|---|
| May 20, 2025 | 19.71 | 7.55 |
| May 22, 2024 | 4.55 | 6.73 |
| May 26, 2023 | 2.60 | 5.60 |
| May 17, 2022 | 3.74 | 4.05 |
| May 19, 2021 | 6.23 | 5.68 |
| May 22, 2020 | 6.31 | 5.40 |
| May 14, 2019 | 5.71 | 4.58 |
| May 17, 2018 | 8.75 | 4.52 |
| May 24, 2017 | 8.04 | 5.25 |
| May 19, 2016 | 5.44 | 4.46 |
| May 22, 2015 | 4.10 | 4.41 |
| May 14, 2014 | 2.34 | 3.78 |
| May 14, 2013 | 2.58 | 4.24 |
| May 23, 2012 | 1.78 | 3.00 |
| May 25, 2011 | 2.34 | 2.32 |
| Dec 20, 2010 | 2.11 | 2.75 |
| Dec 18, 2009 | 1.48 | 2.45 |
| Dec 19, 2008 | 1.06 | 1.84 |
| Dec 20, 2007 | 3.01 | 3.03 |
| Feb 28, 2007 | 2.36 | 3.23 |
| Jan 31, 2006 | 1.63 | 2.74 |
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Industry (Communication Services)
Take-Two Interactive Software Inc., P/BV, long-term trends, comparison to industry (communication services)
| Take-Two Interactive Software Inc. | Communication Services | |
|---|---|---|
| May 20, 2025 | 19.71 | 6.29 |
| May 22, 2024 | 4.55 | 5.54 |
| May 26, 2023 | 2.60 | 4.51 |
| May 17, 2022 | 3.74 | 3.38 |
| May 19, 2021 | 6.23 | 4.28 |
| May 22, 2020 | 6.31 | 4.19 |
| May 14, 2019 | 5.71 | 3.70 |
| May 17, 2018 | 8.75 | 3.48 |
| May 24, 2017 | 8.04 | 4.14 |
| May 19, 2016 | 5.44 | 3.97 |
| May 22, 2015 | 4.10 | 3.88 |
| May 14, 2014 | 2.34 | 3.70 |
| May 14, 2013 | 2.58 | 3.60 |
| May 23, 2012 | 1.78 | 2.84 |
| May 25, 2011 | 2.34 | 2.18 |
| Dec 20, 2010 | 2.11 | 2.24 |
| Dec 18, 2009 | 1.48 | 1.97 |
| Dec 19, 2008 | 1.06 | 1.70 |
| Dec 20, 2007 | 3.01 | 2.33 |
| Feb 28, 2007 | 2.36 | 2.49 |
| Jan 31, 2006 | 1.63 | 2.45 |
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).