Icecure Medical (Icecure Medical) Price-to-Tangible-Book : 4.21 (As of May. 14, 2024)

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What is Icecure Medical Price-to-Tangible-Book?

As of today (2024-05-14), Icecure Medical's share price is $1.12. Icecure Medical's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.27. Hence, Icecure Medical's Price to Tangible Book Ratio of today is 4.21.

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

ICCM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.58 Med: 4.02 Max: 8.69
Current: 4.15

During the past 11 years, Icecure Medical's highest Price to Tangible Book Ratio was 8.69. The lowest was 1.58. And the median was 4.02.

ICCM's Price-to-Tangible-Book is ranked worse than
66.38% of 699 companies
in the Medical Devices & Instruments industry
Industry Median: 2.77 vs ICCM: 4.15

A closely related ratio is called PB Ratio. As of today, Icecure Medical's share price is $1.12. Icecure Medical's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.27. Hence, Icecure Medical's P/B Ratio of today is 4.21.

Icecure Medical Price-to-Tangible-Book Historical Data

The historical data trend for Icecure Medical'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.

Icecure Medical Price-to-Tangible-Book Chart

Icecure Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

8.69

7.17

4.05

2.78

4.02

Icecure Medical Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.78	2.39	2.87	1.67	4.02

Competitive Comparison of Icecure Medical's Price-to-Tangible-Book

For the Medical Devices subindustry, Icecure Medical'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.

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

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

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

Icecure Medical Price-to-Tangible-Book Calculation

Icecure Medical's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.12	/	0.266
	=	4.21

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.

Icecure Medical Price-to-Tangible-Book Related Terms

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

Icecure Medical (Icecure Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Icecure Medical Ltd (NAS:ICCM) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Haeshel Street, Southern Industrial Park, PO Box 3163, Caesarea, ISR, 3079504

Website

https://www.icecure-medical.com

Icecure Medical Ltd is a commercial-stage medical device company. The company is engaged in the research, development, and marketing of cryoablation systems and technologies based on liquid nitrogen, or LN2, for treating tumors. Its cryoablation technology is a minimally invasive alternative to surgical intervention, for tumors, including those found in the breast, lungs, kidneys, bones, and other indications.