The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-16), iRadimed's share price is $42.05. iRadimed's Book Value per Share for the quarter that ended in Mar. 2024 was $6.01. Hence, iRadimed's PB Ratio of today is 7.00.
Good Sign:
iRadimed Corp stock PB Ratio (=7.04) is close to 1-year low of 6.45
The historical rank and industry rank for iRadimed's PB Ratio or its related term are showing as below:
IRMD'
s PB Ratio Range Over the Past 10 Years
Min: 2.75 Med: 6.34 Max: 15.83
Current: 7
During the past 12 years, iRadimed's highest PB Ratio was 15.83. The lowest was 2.75. And the median was 6.34.
IRMD's PB Ratio is ranked worse than 86.87% of 792
companies
in the Medical Devices & Instruments industry
Industry Median: 2.235
vs IRMD: 7.00
During the past 12 months, iRadimed's average Book Value Per Share Growth Rate was 17.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 19.80% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of iRadimed was 109.90% per year. The lowest was 4.20% per year. And the median was 16.60% per year.
Back to Basics: PB Ratio
iRadimed PB Ratio Historical Data
The historical data trend for iRadimed's PB Ratio 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 Devices subindustry, iRadimed's PB Ratio, along with its competitors' market caps and PB Ratio 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.
iRadimed's PB Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, iRadimed's PB Ratio distribution charts can be found below:
* The bar in red indicates where iRadimed's PB Ratio falls into.
iRadimed PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
iRadimed's PB Ratio for today is calculated as follows:
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
iRadimed PB Ratio Related Terms
Thank you for viewing the detailed overview of iRadimed's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
iRadimed Corp develops, manufactures, markets and distributes a Magnetic Resonance Imaging (MRI) compatible intravenous (IV) infusion pump system, and MRI compatible patient vital signs monitoring system, and accessories and services relating to them. The company provides a non-magnetic IV infusion pump system which is designed to be safe for use during MRI procedures. The MRI products of the company are sold primarily to hospitals and acute care facilities in the United States and internationally.
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