Oventus Medical (ASX:OVN) Price-to-Tangible-Book : 0.95 (As of Jun. 04, 2024)

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What is Oventus Medical Price-to-Tangible-Book?

As of today (2024-06-04), Oventus Medical's share price is A$0.02. Oventus Medical's Tangible Book per Share of Dec. 2021 for the quarter that ended in Dec. 2021 was A$0.02. Hence, Oventus Medical's Price to Tangible Book Ratio of today is 0.95.

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

ASX:OVN's Price-to-Tangible-Book is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 2.67
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Oventus Medical's share price is A$0.02. Oventus Medical's Book Value per Sharefor the quarter that ended in Dec. 2021 was A$0.03. Hence, Oventus Medical's P/B Ratio of today is 0.61.

Oventus Medical Price-to-Tangible-Book Historical Data

The historical data trend for Oventus Medical'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.

Oventus Medical Price-to-Tangible-Book Chart

Oventus Medical Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Price-to-Tangible-Book

2.83

2.89

6.68

5.09

2.44

Oventus Medical Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Price-to-Tangible-Book	Get a 7-Day Free Trial						9.07	5.09	7.83	2.44	4.14

Competitive Comparison of Oventus Medical's Price-to-Tangible-Book

For the Medical Devices subindustry, Oventus Medical'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.

Oventus Medical's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Oventus Medical's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Oventus Medical's Price-to-Tangible-Book falls into.

Oventus Medical Price-to-Tangible-Book Calculation

Oventus Medical's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2021 )
	=	0.02	/	0.021
	=	0.95

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.

Oventus Medical Price-to-Tangible-Book Related Terms

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

Oventus Medical (ASX:OVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Oventus Medical Ltd (ASX:OVN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Swann Road, Suite 1, PO Box 190, Indooroopilly, Brisbane, QLD, AUS, 4068

Website

https://www.o2vent.com

Oventus Medical Ltd is a medical device company. It is engaged in developing an oral appliance for the treatment of sleep apnoea and snoring. Its product includes O2Vent Optima . It offers oral appliance therapy, especially beneficial for the many people that suffer from nasal congestion, obstruction, and mouth breathing. The firm has two operating segments: Australia and North America.

Oventus Medical (ASX:OVN) Headlines

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