Luxbright AB (OSTO:LXB) Price-to-Tangible-Book : 2.71 (As of May. 21, 2024)

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What is Luxbright AB Price-to-Tangible-Book?

As of today (2024-05-21), Luxbright AB's share price is kr0.988. Luxbright AB's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was kr0.36. Hence, Luxbright AB's Price to Tangible Book Ratio of today is 2.71.

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

OSTO:LXB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.95 Med: 3.83 Max: 7.47
Current: 2.74

During the past 5 years, Luxbright AB's highest Price to Tangible Book Ratio was 7.47. The lowest was 1.95. And the median was 3.83.

OSTO:LXB's Price-to-Tangible-Book is ranked better than
50.5% of 701 companies
in the Medical Devices & Instruments industry
Industry Median: 2.77 vs OSTO:LXB: 2.74

A closely related ratio is called PB Ratio. As of today, Luxbright AB's share price is kr0.988. Luxbright AB's Book Value per Sharefor the quarter that ended in Jun. 2023 was kr0.51. Hence, Luxbright AB's P/B Ratio of today is 1.94.

Luxbright AB Price-to-Tangible-Book Historical Data

The historical data trend for Luxbright AB'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.

Luxbright AB Price-to-Tangible-Book Chart

Luxbright AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

3.48

7.47

4.59

Luxbright AB Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Price-to-Tangible-Book	Get a 7-Day Free Trial					4.17	7.47	2.75	4.59	1.95

Competitive Comparison of Luxbright AB's Price-to-Tangible-Book

For the Medical Devices subindustry, Luxbright AB'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.

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

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

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

Luxbright AB Price-to-Tangible-Book Calculation

Luxbright AB's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	0.988	/	0.364
	=	2.71

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.

Luxbright AB Price-to-Tangible-Book Related Terms

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

Luxbright AB (OSTO:LXB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Luxbright AB (OSTO:LXB) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

LUR:Germany

Address

Arvid Wallgrens backe 20, Gothenburg, SWE, 41346

Website

https://www.luxbright.com

Luxbright AB is a technology company focusing on developing and commercializing a new generation of X-ray tubes. The company offers innovative X-ray tubes, generators, and future X-ray systems to international system suppliers in order to improve and protect lives by enabling higher resolution X-ray images. The X-ray tubes are a powerful, stable, and cost-effective alternative to conventional X-ray tubes.

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