Price to Book Value (P/BV)
since 2005
Calculation
Fair Isaac Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity (deficit)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 6, 2024 | — | = | 2,090.63 | ÷ | -39.54 | -39.54 | = | -962,679 | ÷ | 24,347,903 | |
| Nov 8, 2023 | — | = | 940.43 | ÷ | -27.84 | -27.84 | = | -687,990 | ÷ | 24,713,557 | |
| Nov 9, 2022 | — | = | 443.77 | ÷ | -32.11 | -32.11 | = | -801,947 | ÷ | 24,975,618 | |
| Nov 10, 2021 | — | = | 388.61 | ÷ | -4.06 | -4.06 | = | -110,942 | ÷ | 27,358,353 | |
| Nov 12, 2020 | 40.58 | = | 461.72 | ÷ | 11.38 | 11.38 | = | 331,082 | ÷ | 29,098,177 | |
| Nov 8, 2019 | 33.14 | = | 331.59 | ÷ | 10.01 | 10.01 | = | 289,767 | ÷ | 28,961,612 | |
| Nov 9, 2018 | 21.55 | = | 196.33 | ÷ | 9.11 | 9.11 | = | 263,737 | ÷ | 28,955,028 | |
| Nov 9, 2017 | 10.81 | = | 153.76 | ÷ | 14.22 | 14.22 | = | 426,537 | ÷ | 29,990,221 | |
| Nov 10, 2016 | 7.84 | = | 113.19 | ÷ | 14.44 | 14.44 | = | 446,828 | ÷ | 30,940,696 | |
| Nov 10, 2015 | 6.20 | = | 87.19 | ÷ | 14.06 | 14.06 | = | 436,998 | ÷ | 31,076,089 | |
| Nov 10, 2014 | 5.00 | = | 70.73 | ÷ | 14.16 | 14.16 | = | 454,614 | ÷ | 32,106,155 | |
| Nov 12, 2013 | 3.70 | = | 56.73 | ÷ | 15.35 | 15.35 | = | 530,677 | ÷ | 34,567,208 | |
| Nov 16, 2012 | 3.03 | = | 41.19 | ÷ | 13.59 | 13.59 | = | 474,406 | ÷ | 34,915,741 | |
| Nov 18, 2011 | 2.64 | = | 34.36 | ÷ | 13.04 | 13.04 | = | 465,494 | ÷ | 35,701,425 | |
| Nov 23, 2010 | 1.98 | = | 23.52 | ÷ | 11.91 | 11.91 | = | 474,914 | ÷ | 39,887,143 | |
| Nov 24, 2009 | 1.56 | = | 19.42 | ÷ | 12.46 | 12.46 | = | 600,269 | ÷ | 48,180,993 | |
| Nov 26, 2008 | 1.17 | = | 13.57 | ÷ | 11.59 | 11.59 | = | 561,941 | ÷ | 48,477,989 | |
| Nov 28, 2007 | 3.35 | = | 37.72 | ÷ | 11.26 | 11.26 | = | 566,314 | ÷ | 50,299,240 | |
| Dec 8, 2006 | 3.11 | = | 41.49 | ÷ | 13.32 | 13.32 | = | 770,028 | ÷ | 57,788,824 | |
| Dec 14, 2005 | 3.55 | = | 44.30 | ÷ | 12.49 | 12.49 | = | 805,094 | ÷ | 64,484,661 |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Fair Isaac Corp. Annual Report.
The financial data exhibits a profound divergence between market valuation and book value over the analyzed period. While the share price has experienced exponential growth, the book value per share has shifted from a stable positive range to a significant negative position, rendering the Price to Book Value (P/BV) ratio mathematically undefined in recent years.
- Share Price Evolution
- A long-term upward trajectory is observed in the share price. Following a period of volatility between 2005 and 2008, where prices dropped from 44.30 to 13.57, a consistent recovery began in 2009. This growth accelerated sharply after 2017, with the price rising from 153.76 in 2017 to 2,090.63 by November 2024, representing a substantial increase in market capitalization.
- Book Value per Share (BVPS) Trajectory
- The book value per share remained relatively stagnant between 2005 and 2017, fluctuating within a narrow band between 11.26 and 15.35. However, a critical inflection point occurred after 2017, with BVPS declining to 9.11 in 2018. From 2021 onward, the BVPS entered negative territory, dropping from -4.06 in 2021 to -39.54 in 2024. This trend typically suggests aggressive capital return strategies, such as large-scale share repurchases, that have exceeded the company's retained earnings and total equity.
- Price to Book Value (P/BV) Ratio Analysis
- The P/BV ratio initially reflected modest valuations, ranging from 1.17 to 3.70 between 2005 and 2013. Starting in 2014, the ratio began to expand rapidly, climbing from 5.00 to 40.58 by 2020. This expansion was driven by the simultaneous increase in share price and the contraction of book value. Due to the transition of the book value per share to negative figures starting in 2021, the P/BV ratio is no longer applicable as a metric for valuation in the final four years of the period.
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Comparison to Competitors
Fair Isaac Corp., P/BV, long-term trends, comparison to competitors
| Fair Isaac Corp. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 6, 2024 | — | 7.98 | 12.61 | 99.97 | 15.15 | 15.94 | 8.75 | 9.47 | 11.71 | 45.25 | 58.42 | 21.15 | 4.94 | 21.71 | 8.48 | 8.63 |
| Nov 8, 2023 | — | 7.44 | 16.31 | 16.06 | 24.05 | 21.22 | 7.49 | 8.92 | 11.92 | 308.71 | 14.90 | 42.84 | 3.13 | 20.60 | 14.02 | 8.58 |
| Nov 9, 2022 | — | 7.13 | 11.22 | 2.67 | 18.46 | 17.39 | 5.34 | 7.20 | 12.38 | — | 6.94 | 252.00 | 3.37 | 18.36 | 9.24 | 12.68 |
| Nov 10, 2021 | — | 11.06 | 15.94 | 7.83 | 13.68 | 48.66 | 5.90 | 15.71 | 15.16 | 41.57 | 10.48 | 71.88 | 4.73 | 30.36 | 10.50 | 18.38 |
| Nov 12, 2020 | 40.58 | 8.51 | 16.53 | — | 14.90 | 31.25 | 5.24 | 17.71 | 13.11 | 14.01 | 28.60 | 20.61 | 4.48 | 40.91 | 7.57 | 15.54 |
| Nov 8, 2019 | 33.14 | 8.15 | 16.03 | — | 9.51 | 16.83 | 6.04 | 20.00 | 10.30 | 8.59 | — | 12.91 | 7.66 | 31.48 | 5.16 | 21.26 |
| Nov 9, 2018 | 21.55 | 9.44 | 12.76 | — | 12.50 | — | 7.40 | 24.12 | 10.02 | 3.84 | — | 22.92 | 9.93 | 39.03 | 3.68 | 18.62 |
| Nov 9, 2017 | 10.81 | 10.08 | 11.50 | — | 11.49 | — | 8.20 | 26.72 | 7.69 | 3.90 | — | 17.37 | 7.78 | 48.15 | 3.99 | 14.93 |
| Nov 10, 2016 | 7.84 | 9.83 | 7.37 | — | 11.10 | — | 9.30 | 24.96 | 6.08 | 3.49 | — | 16.91 | 9.45 | 37.73 | 2.81 | 12.36 |
| Nov 10, 2015 | 6.20 | 11.33 | 6.35 | — | 4.61 | — | 8.92 | 10.00 | 4.66 | 3.66 | — | 32.11 | 10.57 | 15.42 | 2.20 | 13.98 |
| Nov 10, 2014 | 5.00 | 8.96 | 5.26 | — | 4.06 | — | 13.73 | 7.79 | 3.96 | 3.82 | — | 16.81 | 12.79 | 26.77 | 2.12 | 14.17 |
| Nov 12, 2013 | 3.70 | 10.06 | 4.49 | — | 3.74 | — | 8.37 | 5.28 | 3.36 | 3.13 | — | 12.19 | 11.74 | 24.35 | 2.19 | 17.51 |
| Nov 16, 2012 | 3.03 | 11.05 | 2.84 | — | 4.38 | — | 11.77 | 6.46 | 3.68 | 3.11 | — | 19.49 | 12.73 | 19.86 | 1.93 | — |
| Nov 18, 2011 | 2.64 | 10.33 | 2.66 | — | 7.87 | — | 11.39 | 5.46 | 4.07 | 4.12 | — | — | 12.71 | — | 1.84 | — |
| Nov 23, 2010 | 1.98 | 11.06 | 3.29 | — | 9.33 | — | 8.57 | 5.05 | 4.84 | 3.52 | — | — | 9.19 | — | 1.93 | — |
| Nov 24, 2009 | 1.56 | 9.61 | 3.68 | — | 14.21 | — | 7.26 | 3.50 | 5.36 | 4.29 | — | — | 5.65 | — | 1.71 | — |
| Nov 26, 2008 | 1.17 | 9.15 | 2.34 | — | 10.30 | — | 8.61 | 4.76 | 6.47 | 4.66 | — | — | 15.76 | — | 1.68 | — |
| Nov 28, 2007 | 3.35 | 14.69 | 4.24 | — | 1.49 | — | 5.56 | 4.74 | 33.73 | 5.96 | — | — | 17.53 | — | 2.67 | — |
| Dec 8, 2006 | 3.11 | 13.85 | 4.39 | — | 3.45 | — | 4.96 | 6.56 | 19.86 | 5.28 | — | — | 21.98 | — | 3.34 | — |
| Dec 14, 2005 | 3.55 | 13.33 | 12.48 | — | 2.78 | — | 3.80 | 4.73 | 17.90 | 6.31 | — | — | 10.50 | — | 2.57 | — |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Software & Services)
Fair Isaac Corp., P/BV, long-term trends, comparison to sector (software & services)
| Fair Isaac Corp. | Software & Services | |
|---|---|---|
| Nov 6, 2024 | — | 11.97 |
| Nov 8, 2023 | — | 11.39 |
| Nov 9, 2022 | — | 10.54 |
| Nov 10, 2021 | — | 13.51 |
| Nov 12, 2020 | 40.58 | 11.67 |
| Nov 8, 2019 | 33.14 | 10.06 |
| Nov 9, 2018 | 21.55 | 8.75 |
| Nov 9, 2017 | 10.81 | 7.21 |
| Nov 10, 2016 | 7.84 | 6.29 |
| Nov 10, 2015 | 6.20 | 5.39 |
| Nov 10, 2014 | 5.00 | 5.16 |
| Nov 12, 2013 | 3.70 | 4.47 |
| Nov 16, 2012 | 3.03 | 4.89 |
| Nov 18, 2011 | 2.64 | 5.40 |
| Nov 23, 2010 | 1.98 | 5.32 |
| Nov 24, 2009 | 1.56 | 5.46 |
| Nov 26, 2008 | 1.17 | 6.11 |
| Nov 28, 2007 | 3.35 | 15.50 |
| Dec 8, 2006 | 3.11 | 11.43 |
| Dec 14, 2005 | 3.55 | 11.13 |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Information Technology)
Fair Isaac Corp., P/BV, long-term trends, comparison to industry (information technology)
| Fair Isaac Corp. | Information Technology | |
|---|---|---|
| Nov 6, 2024 | — | 13.09 |
| Nov 8, 2023 | — | 11.29 |
| Nov 9, 2022 | — | 10.25 |
| Nov 10, 2021 | — | 12.37 |
| Nov 12, 2020 | 40.58 | 10.94 |
| Nov 8, 2019 | 33.14 | 8.41 |
| Nov 9, 2018 | 21.55 | 7.00 |
| Nov 9, 2017 | 10.81 | 5.46 |
| Nov 10, 2016 | 7.84 | 4.53 |
| Nov 10, 2015 | 6.20 | 4.30 |
| Nov 10, 2014 | 5.00 | 4.36 |
| Nov 12, 2013 | 3.70 | 3.50 |
| Nov 16, 2012 | 3.03 | 3.75 |
| Nov 18, 2011 | 2.64 | 3.98 |
| Nov 23, 2010 | 1.98 | 4.16 |
| Nov 24, 2009 | 1.56 | 4.31 |
| Nov 26, 2008 | 1.17 | 4.00 |
| Nov 28, 2007 | 3.35 | 8.64 |
| Dec 8, 2006 | 3.11 | 7.24 |
| Dec 14, 2005 | 3.55 | 7.40 |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).