Cann Group (ASX:CAN) Price-to-Tangible-Book : 0.53 (As of May. 11, 2024)

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What is Cann Group Price-to-Tangible-Book?

As of today (2024-05-11), Cann Group's share price is A$0.062. Cann Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.12. Hence, Cann Group's Price to Tangible Book Ratio of today is 0.53.

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

ASX:CAN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.52 Med: 1.43 Max: 5.69
Current: 0.52

During the past 7 years, Cann Group's highest Price to Tangible Book Ratio was 5.69. The lowest was 0.52. And the median was 1.43.

ASX:CAN's Price-to-Tangible-Book is ranked better than
95.87% of 871 companies
in the Drug Manufacturers industry
Industry Median: 2.41 vs ASX:CAN: 0.52

A closely related ratio is called PB Ratio. As of today, Cann Group's share price is A$0.062. Cann Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.12. Hence, Cann Group's P/B Ratio of today is 0.53.

Cann Group Price-to-Tangible-Book Historical Data

The historical data trend for Cann Group'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.

Cann Group Price-to-Tangible-Book Chart

Cann Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

3.60

1.87

1.05

1.16

0.79

Cann Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial									1.00	1.16	1.09	0.79	0.84

Competitive Comparison of Cann Group's Price-to-Tangible-Book

For the Drug Manufacturers - Specialty & Generic subindustry, Cann Group'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.

Cann Group's Price-to-Tangible-Book Distribution in the Drug Manufacturers Industry

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

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

Cann Group Price-to-Tangible-Book Calculation

Cann Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.062	/	0.116
	=	0.53

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.

Cann Group Price-to-Tangible-Book Related Terms

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

Cann Group (ASX:CAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cann Group Ltd (ASX:CAN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CNGGF:USA CVJ:Germany

Address

262-276 Lorimer Street, Port Melbourne, VIC, AUS, 3207

Website

https://www.canngrouplimited.com

Cann Group Ltd is engaged in the cultivation of medicinal cannabis for both medicinal and research purposes pursuant to the licenses and permits issued to the company; the development and manufacture (via third party arrangements) of finished product formulations; and the pursuit and execution of various supply and offtake agreements with third parties.