As of today (2024-05-05), Abaxis's share price is $83.00. Abaxis's Tangible Book per Share of Mar. 2018 for the quarter that ended in Mar. 2018 was $12.76. Hence, Abaxis's Price to Tangible Book Ratio of today is 6.50.
The historical rank and industry rank for Abaxis's Price-to-Tangible-Book or its related term are showing as below:
ABAX's Price-to-Tangible-Book is not ranked *
in the Medical Diagnostics & Research industry.
Industry Median: 2.47 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Abaxis's share price is $83.00. Abaxis's Book Value per Sharefor the quarter that ended in Mar. 2018 was $12.81. Hence, Abaxis's P/B Ratio of today is 6.48.
Abaxis Price-to-Tangible-Book Historical Data
The historical data trend for Abaxis'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.
Competitive Comparison of Abaxis's Price-to-Tangible-Book
For the Diagnostics & Research subindustry, Abaxis'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.
Abaxis's Price-to-Tangible-Book Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Abaxis's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Abaxis's Price-to-Tangible-Book falls into.
Abaxis Price-to-Tangible-Book Calculation
Abaxis's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
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.
Abaxis Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Abaxis's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Abaxis Inc manufactures point-of-care blood analysis instruments and consumables for medical and veterinary care providers. The medical segment sells Piccolo Chemistry Analyzers, which can provide results about a blood sample in 12 minutes, and related reagents to physicians, hospitals, pharmacies, and other healthcare providers. The veterinary segment generates the majority of the firm's total revenue and sells products to animal hospitals, veterinary clinics, and private research laboratories. Products in this segment include the VetScan VS2 chemistry analyzer, animal-specific reagents, and rapid tests for canine and feline diseases. The vast majority of the firm's revenue comes from North America and Europe.
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