Aurora Cannabis (Aurora Cannabis) Price-to-Tangible-Book : 0.98 (As of Apr. 27, 2024)

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What is Aurora Cannabis Price-to-Tangible-Book?

As of today (2024-04-27), Aurora Cannabis's share price is $6.70. Aurora Cannabis's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $6.85. Hence, Aurora Cannabis's Price to Tangible Book Ratio of today is 0.98.

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

ACB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.65 Med: 5.81 Max: 24.03
Current: 1

During the past 13 years, Aurora Cannabis's highest Price to Tangible Book Ratio was 24.03. The lowest was 0.65. And the median was 5.81.

ACB's Price-to-Tangible-Book is ranked better than
83.49% of 872 companies
in the Drug Manufacturers industry
Industry Median: 2.34 vs ACB: 1.00

A closely related ratio is called PB Ratio. As of today, Aurora Cannabis's share price is $6.70. Aurora Cannabis's Book Value per Sharefor the quarter that ended in Dec. 2023 was $8.09. Hence, Aurora Cannabis's P/B Ratio of today is 0.83.

Aurora Cannabis Price-to-Tangible-Book Historical Data

The historical data trend for Aurora Cannabis'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.

Aurora Cannabis Price-to-Tangible-Book Chart

Aurora Cannabis Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Price-to-Tangible-Book

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5.54

8.98

20.25

2.40

2.80

Aurora Cannabis 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															0.93	0.81	0.66	0.78	0.70

Competitive Comparison of Aurora Cannabis's Price-to-Tangible-Book

For the Drug Manufacturers - Specialty & Generic subindustry, Aurora Cannabis'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.

Aurora Cannabis's Price-to-Tangible-Book Distribution in the Drug Manufacturers Industry

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

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

Aurora Cannabis Price-to-Tangible-Book Calculation

Aurora Cannabis's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	6.70	/	6.849
	=	0.98

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.

Aurora Cannabis Price-to-Tangible-Book Related Terms

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

Aurora Cannabis (Aurora Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aurora Cannabis Inc (NAS:ACB) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

21P1:Germany ACB:Canada

Address

3498 63 Avenue, Leduc, AB, CAN, T9E 0G8

Website

https://www.auroramj.com

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements.