As of today (2024-04-24), ResMed's share price is $185.11. ResMed's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.42. Hence, ResMed's Price to Tangible Book Ratio of today is 24.94.
The historical rank and industry rank for ResMed's Price-to-Tangible-Book or its related term are showing as below:
RMD'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.63 Med: 22.9 Max: 175.5
Current: 24.95
During the past 13 years, ResMed's highest Price to Tangible Book Ratio was 175.50. The lowest was 4.63. And the median was 22.90.
RMD's Price-to-Tangible-Book is ranked worse than 97.29% of 702
companies
in the Medical Devices & Instruments industry
Industry Median: 2.62
vs RMD: 24.95
A closely related ratio is called PB Ratio. As of today, ResMed's share price is $185.11. ResMed's Book Value per Sharefor the quarter that ended in Dec. 2023 was $30.47. Hence, ResMed's P/B Ratio of today is 6.07.
ResMed Price-to-Tangible-Book Historical Data
The historical data trend for ResMed's Price-to-Tangible-Book 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.
For the Medical Instruments & Supplies subindustry, ResMed's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
ResMed Price-to-Tangible-Book Distribution
For the Medical Devices & Instruments industry and Healthcare sector, ResMed's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where ResMed's Price-to-Tangible-Book falls into.
ResMed Price-to-Tangible-Book Calculation
ResMed's price-to-tangible-book ratio for today is calculated as:
* 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:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
ResMed Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of ResMed's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
ResMed is one of the largest respiratory care device companies globally, primarily developing and supplying flow generators, masks and accessories for the treatment of sleep apnea. Increasing diagnosis of sleep apnea combined with ageing populations and increasing prevalence of obesity is resulting in a structurally growing market. The company earns roughly two thirds of its revenue in the Americas and the balance across other regions dominated by Europe, Japan and Australia. Recent developments and acquisitions have focused on digital health as ResMed is aiming to differentiate itself through the provision of clinical data for use by the patient, medical care advisor and payer in the out-of-hospital setting.
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