iRhythm Technologies (LTS:0A7L) Price-to-Tangible-Book : 31.80 (As of May. 21, 2024)

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

As of today (2024-05-21), iRhythm Technologies's share price is $91.47. iRhythm Technologies's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $2.88. Hence, iRhythm Technologies's Price to Tangible Book Ratio of today is 31.80.

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

LTS:0A7L' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.84 Med: 15.83 Max: 41.14
Current: 31.11

During the past 10 years, iRhythm Technologies's highest Price to Tangible Book Ratio was 41.14. The lowest was 5.84. And the median was 15.83.

LTS:0A7L's Price-to-Tangible-Book is ranked worse than
98.72% of 701 companies
in the Medical Devices & Instruments industry
Industry Median: 2.74 vs LTS:0A7L: 31.11

A closely related ratio is called PB Ratio. As of today, iRhythm Technologies's share price is $91.47. iRhythm Technologies's Book Value per Sharefor the quarter that ended in Mar. 2024 was $2.90. Hence, iRhythm Technologies's P/B Ratio of today is 31.51.

iRhythm Technologies Price-to-Tangible-Book Historical Data

The historical data trend for iRhythm 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.

iRhythm Technologies Price-to-Tangible-Book Chart

iRhythm Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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9.91

11.99

15.88

iRhythm Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															17.10	13.64	13.46	15.88	40.76

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

For the Medical Devices subindustry, iRhythm 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.

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

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

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

iRhythm Technologies Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	91.47	/	2.876
	=	31.80

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.

iRhythm Technologies Price-to-Tangible-Book Related Terms

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

iRhythm Technologies (LTS:0A7L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iRhythm Technologies Inc (LTS:0A7L) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

IRTC:USA

Address

699 8th Street, Suite 600, San Francisco, CA, USA, 94103

Website

https://www.irhythmtech.com

iRhythm Technologies Inc is a commercial-stage digital healthcare company redefining the way cardiac arrhythmias are clinically diagnosed by combining wearable biosensing technology with cloud-based data analytics and machine-learning capabilities. The company's portfolio include ambulatory cardiac monitoring services on a platform, called the Zio service, which combines an easy-to-wear and unobtrusive biosensor that can be worn for up to 14 consecutive days with powerful proprietary algorithms that distill data from millions of heartbeats into clinically actionable information. The company derived its revenue from the United States.

iRhythm Technologies (LTS:0A7L) Headlines

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