Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market worldwide. The company offers edge software components; cloud-connected components and related toolkits and applications; and virtual assistant coexistence and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.
P/B ratio for Cerence Inc. (CRNC)
P/B ratio as of 2023: 1.18
According to Cerence Inc.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 1.18. At the end of 2022 the company had a P/B ratio of 0.87.
P/B ratio history for Cerence Inc. from 2016 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 1.18 |
| 2022 | 0.87 |
| 2021 | 3.52 |
| 2020 | 1.86 |
| 2019 | 0.59 |
| 2018 | 0.93 |
| 2017 | 0.93 |
| 2016 | 0.92 |