Xero Limited, together with its subsidiaries, operates as a software as a service company in New Zealand, Australia, the United Kingdom, and internationally. The company offers Xero, an open platform that connects small businesses to a range of solutions, which helps to manage their finances. It also provides Xero mobile app; and accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook or Xero Ledger. Xero Limited was incorporated in 2006 and is headquartered in Wellington, New Zealand.
P/B ratio for Xero Limited (XRO.AX)
P/B ratio as of 2024: 15.72
According to Xero Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 15.72. At the end of 2023 the company had a P/B ratio of 13.63.
P/B ratio history for Xero Limited from 2008 to 2024
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2024 | 15.72 |
| 2023 | 13.63 |
| 2022 | 15.92 |
| 2021 | 26.48 |
| 2020 | 23.39 |
| 2019 | 20.10 |
| 2018 | 20.29 |
| 2017 | 13.17 |
| 2016 | 7.56 |
| 2015 | 8.70 |
| 2014 | 0.00 |
| 2013 | 12.25 |
| 2012 | 10.14 |
| 2011 | 25.02 |
| 2010 | 19.61 |
| 2009 | 61.04 |
| 2008 | 25.27 |