Akoustis Technologies (FRA:AVH) Price-to-Tangible-Book : 1.51 (As of May. 11, 2024)

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What is Akoustis Technologies Price-to-Tangible-Book?

As of today (2024-05-11), Akoustis Technologies's share price is €0.466. Akoustis Technologies's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €0.31. Hence, Akoustis Technologies's Price to Tangible Book Ratio of today is 1.51.

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

FRA:AVH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.41 Med: 7.31 Max: 55.58
Current: 1.66

During the past 11 years, Akoustis Technologies's highest Price to Tangible Book Ratio was 55.58. The lowest was 1.41. And the median was 7.31.

FRA:AVH's Price-to-Tangible-Book is ranked better than
60.88% of 2303 companies
in the Hardware industry
Industry Median: 2.07 vs FRA:AVH: 1.66

A closely related ratio is called PB Ratio. As of today, Akoustis Technologies's share price is €0.466. Akoustis Technologies's Book Value per Sharefor the quarter that ended in Dec. 2023 was €0.65. Hence, Akoustis Technologies's P/B Ratio of today is 0.71.

Akoustis Technologies Price-to-Tangible-Book Historical Data

The historical data trend for Akoustis Technologies'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.

Akoustis Technologies Price-to-Tangible-Book Chart

Akoustis Technologies Annual Data

Trend

Jul14

Jun15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

6.76

7.52

4.78

2.46

3.93

Akoustis Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.47	3.04	3.93	1.34	2.55

Competitive Comparison of Akoustis Technologies's Price-to-Tangible-Book

For the Communication Equipment subindustry, Akoustis Technologies'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.

Akoustis Technologies's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Akoustis Technologies's Price-to-Tangible-Book distribution charts can be found below:

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

Akoustis Technologies Price-to-Tangible-Book Calculation

Akoustis Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.466	/	0.308
	=	1.51

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.

Akoustis Technologies Price-to-Tangible-Book Related Terms

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

Akoustis Technologies (FRA:AVH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Akoustis Technologies Inc (FRA:AVH) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AKTS:USA AVH:Germany

Address

9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078

Website

https://www.akoustis.com

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

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