As of today (2024-04-26), electroCore's share price is $5.76. electroCore's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.24. Hence, electroCore's Price to Tangible Book Ratio of today is 4.65.
The historical rank and industry rank for electroCore's Price-to-Tangible-Book or its related term are showing as below:
ECOR'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.07 Med: 2.39 Max: 4.85
Current: 4.65
During the past 8 years, electroCore's highest Price to Tangible Book Ratio was 4.85. The lowest was 1.07. And the median was 2.39.
ECOR's Price-to-Tangible-Book is ranked worse than 68.42% of 703
companies
in the Medical Devices & Instruments industry
Industry Median: 2.67
vs ECOR: 4.65
electroCore Price-to-Tangible-Book Historical Data
The historical data trend for electroCore'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 electroCore's Price-to-Tangible-Book
For the Medical Devices subindustry, electroCore'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.
electroCore's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, electroCore's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where electroCore's Price-to-Tangible-Book falls into.
electroCore Price-to-Tangible-Book Calculation
electroCore'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.
electroCore Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of electroCore's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
electroCore Inc is a commercial stage bioelectronic medicine company with a platform for non-invasive vagus nerve stimulation therapy initially focused on neurology. The company's product gammaCore is Food and Drug Administration cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, the acute treatment of pain associated with migraine headache in adult patients and the prevention of migraine in adult patients. The gammaCore is CE-marked in the European Union for the acute and/or prophylactic treatment of primary headache, Bronchoconstriction and Medication Overuse Headache in adults.
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