High Tide (TSXV:HITI) 3-Year Book Growth Rate : 40.10% (As of Apr. 2023)

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What is High Tide 3-Year Book Growth Rate?

High Tide's Book Value per Share for the quarter that ended in Apr. 2023 was C$2.13.

During the past 12 months, High Tide's average Book Value per Share Growth Rate was -20.60% per year. During the past 3 years, the average Book Value per Share Growth Rate was 40.10% per year. During the past 5 years, the average Book Value per Share Growth Rate was 14.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 7 years, the highest 3-Year average Book Value per Share Growth Rate of High Tide was 47.00% per year. The lowest was 15.10% per year. And the median was 40.10% per year.

Competitive Comparison of High Tide's 3-Year Book Growth Rate

For the Pharmaceutical Retailers subindustry, High Tide's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

High Tide's 3-Year Book Growth Rate Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, High Tide's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where High Tide's 3-Year Book Growth Rate falls into.

High Tide 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

High Tide (TSXV:HITI) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

High Tide 3-Year Book Growth Rate Related Terms

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High Tide (TSXV:HITI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (TSXV:HITI) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

HITI:USA 2LYA:Germany

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.