Medistim ASA (OSTO:MEDIO) PB Ratio : 7.86 (As of Apr. 28, 2024)

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What is Medistim ASA 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 (2024-04-28), Medistim ASA's share price is kr171.00. Medistim ASA's Book Value per Share for the quarter that ended in Dec. 2023 was kr21.77. Hence, Medistim ASA's PB Ratio of today is 7.86.

Good Sign:

Medistim ASA stock PB Ratio (=8.04) is close to 5-year low of 8.04

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

OSTO:MEDIO' s PB Ratio Range Over the Past 10 Years
Min: 2.95 Med: 8.55 Max: 26.63
Current: 8.04

During the past 13 years, Medistim ASA's highest PB Ratio was 26.63. The lowest was 2.95. And the median was 8.55.

OSTO:MEDIO's PB Ratio is ranked worse than
89.94% of 795 companies
in the Medical Devices & Instruments industry
Industry Median: 2.19 vs OSTO:MEDIO: 8.04

During the past 12 months, Medistim ASA's average Book Value Per Share Growth Rate was 8.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 15.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 14.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Medistim ASA was 33.20% per year. The lowest was 2.90% per year. And the median was 11.10% per year.

Back to Basics: PB Ratio

Medistim ASA PB Ratio Historical Data

The historical data trend for Medistim ASA'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.

Medistim ASA PB Ratio Chart

Medistim ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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14.28

15.60

21.03

11.09

9.88

Medistim ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															11.09	13.73	14.24	10.24	9.88

Competitive Comparison of Medistim ASA's PB Ratio

For the Medical Devices subindustry, Medistim ASA'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.

Medistim ASA's PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medistim ASA's PB Ratio distribution charts can be found below:

* The bar in red indicates where Medistim ASA's PB Ratio falls into.

Medistim ASA 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.

Medistim ASA's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	171.00	/	21.767
	=	7.86

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Medistim ASA (OSTO:MEDIO) 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.

Medistim ASA PB Ratio Related Terms

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Medistim ASA (OSTO:MEDIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medistim ASA (OSTO:MEDIO) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

MEDI:Norway MD1:Germany

Address

Okernveien 94, Oslo, NOR, 0579

Website

https://www.medistim.com

Medistim ASA is a medical device company. It is engaged in researching, developing, producing, distributing and sales of medical equipment through its own business or through participation in other companies, as well related activities. The company's business is focused on cardiac and vascular surgery. The group operates in the USA, Europe, Asia and the Rest of the World. The firm's activity is split into three strategic operating units, Lease of equipment; Lease of equipment and Distribution and sales of third-party products.

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