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Veritas Farms (Veritas Farms) PB Ratio : (As of Jun. 04, 2024)


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What is Veritas Farms PB Ratio?

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 (2024-06-04), Veritas Farms's share price is $0.01906. Veritas Farms's Book Value per Share for the quarter that ended in Sep. 2023 was $0.00. Hence, Veritas Farms's PB Ratio of today is .

The historical rank and industry rank for Veritas Farms's PB Ratio or its related term are showing as below:

During the past 7 years, Veritas Farms's highest PB Ratio was 49.00. The lowest was 0.16. And the median was 2.11.

VFRM's PB Ratio is not ranked *
in the Drug Manufacturers industry.
Industry Median: 1.93
* Ranked among companies with meaningful PB Ratio only.

During the past 12 months, Veritas Farms's average Book Value Per Share Growth Rate was -97.60% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Veritas Farms was -19.00% per year. The lowest was -19.00% per year. And the median was -19.00% per year.

Back to Basics: PB Ratio


Veritas Farms PB Ratio Historical Data

The historical data trend for Veritas Farms'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.

* Premium members only.

Veritas Farms PB Ratio Chart

Veritas Farms Annual Data
Trend Jan16 Jan17 Dec18 Dec19 Dec20 Dec21 Dec22
PB Ratio
Get a 7-Day Free Trial 5.50 3.23 1.03 0.42 -

Veritas Farms Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 - - - 43.65

Competitive Comparison of Veritas Farms's PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Veritas Farms'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.


Veritas Farms's PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Veritas Farms's PB Ratio distribution charts can be found below:

* The bar in red indicates where Veritas Farms's PB Ratio falls into.



Veritas Farms 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.

Veritas Farms's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2023)
=0.01906/0.001
=

* 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.


Veritas Farms  (OTCPK:VFRM) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Veritas Farms PB Ratio Related Terms

Thank you for viewing the detailed overview of Veritas Farms's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Veritas Farms (Veritas Farms) Business Description

Traded in Other Exchanges
N/A
Address
401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001
Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.