Althea Group Holdings (Althea Group Holdings) Price-to-Tangible-Book : 50.00 (As of May. 15, 2024)

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What is Althea Group Holdings Price-to-Tangible-Book?

As of today (2024-05-15), Althea Group Holdings's share price is $0.35. Althea Group Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.01. Hence, Althea Group Holdings's Price to Tangible Book Ratio of today is 50.00.

The historical rank and industry rank for Althea Group Holdings's Price-to-Tangible-Book or its related term are showing as below:

AHGHF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.84 Med: 2.64 Max: 12.63
Current: 2.69

During the past 5 years, Althea Group Holdings's highest Price to Tangible Book Ratio was 12.63. The lowest was 0.84. And the median was 2.64.

AHGHF's Price-to-Tangible-Book is ranked worse than
55.82% of 867 companies
in the Drug Manufacturers industry
Industry Median: 2.41 vs AHGHF: 2.69

A closely related ratio is called PB Ratio. As of today, Althea Group Holdings's share price is $0.35. Althea Group Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.03. Hence, Althea Group Holdings's P/B Ratio of today is 14.00.

Althea Group Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Althea Group Holdings'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.

* Premium members only.

Althea Group Holdings Price-to-Tangible-Book Chart

Althea Group Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

5.30

7.14

17.50

Althea Group Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial						5.65	7.14	-	17.50	50.00

Competitive Comparison of Althea Group Holdings's Price-to-Tangible-Book

For the Drug Manufacturers - Specialty & Generic subindustry, Althea Group Holdings'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.

Althea Group Holdings's Price-to-Tangible-Book Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Althea Group Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Althea Group Holdings's Price-to-Tangible-Book falls into.

Althea Group Holdings Price-to-Tangible-Book Calculation

Althea Group Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.35	/	0.007
	=	50.00

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Althea Group Holdings Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Althea Group Holdings's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Althea Group Holdings (Althea Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Althea Group Holdings Ltd (OTCPK:AHGHF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AGH:Australia

Address

360 Elizabeth Street, Suite 2, Level 50, Melbourne, VIC, AUS, 3000

Website

https://www.althea.life

Althea Group Holdings Ltd is engaged in the manufacturing, sales, and distribution of cannabis-based medicines and recreational cannabis products. It operates in three reportable segments Pharmaceutical Cannabis, Recreational Cannabis, and Corporate in which it generates the majority of its revenue from Pharmaceutical Cannabis. It operates into four geographic segments: Australia, the United Kingdom, Canada, and others. The company earns key revenue from Australia and through the sale of medicinal cannabis products.

Althea Group Holdings (Althea Group Holdings) Headlines

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