Veritas Farms (Veritas Farms) Price-to-Tangible-Book : (As of May. 29, 2024)

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What is Veritas Farms Price-to-Tangible-Book?

As of today (2024-05-29), Veritas Farms's share price is $0.0179. Veritas Farms's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $-0.02. Hence, Veritas Farms's Price to Tangible Book Ratio of today is .

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

During the past 7 years, Veritas Farms's highest Price to Tangible Book Ratio was 18.23. The lowest was 0.39. And the median was 1.58.

VFRM's Price-to-Tangible-Book is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 2.35
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Veritas Farms's share price is $0.0179. Veritas Farms's Book Value per Sharefor the quarter that ended in Sep. 2023 was $0.00. Hence, Veritas Farms's P/B Ratio of today is .

Veritas Farms Price-to-Tangible-Book Historical Data

The historical data trend for Veritas Farms'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.

Veritas Farms Price-to-Tangible-Book Chart

Veritas Farms Annual Data

Trend

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

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5.50

3.24

1.04

0.43

Veritas Farms Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.39	-	-	-	-

Competitive Comparison of Veritas Farms's Price-to-Tangible-Book

For the Drug Manufacturers - Specialty & Generic subindustry, Veritas Farms'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.

Veritas Farms's Price-to-Tangible-Book Distribution in the Drug Manufacturers Industry

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

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

Veritas Farms Price-to-Tangible-Book Calculation

Veritas Farms's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.0179	/	-0.015
	=

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.

Veritas Farms Price-to-Tangible-Book Related Terms

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

Veritas Farms (Veritas Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Veritas Farms Inc (OTCPK:VFRM) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001

Website

https://www.theveritasfarms.com

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