As of today (2024-04-24), The Joint's share price is $12.28. The Joint's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.84. Hence, The Joint's Price to Tangible Book Ratio of today is 14.64.
The historical rank and industry rank for The Joint's Price-to-Tangible-Book or its related term are showing as below:
JYNT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.15 Med: 15.46 Max: 46.23
Current: 14.62
During the past 12 years, The Joint's highest Price to Tangible Book Ratio was 46.23. The lowest was 4.15. And the median was 15.46.
JYNT's Price-to-Tangible-Book is ranked worse than 91.84% of 478
companies
in the Healthcare Providers & Services industry
Industry Median: 3.245
vs JYNT: 14.62
A closely related ratio is called PB Ratio. As of today, The Joint's share price is $12.28. The Joint's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.68. Hence, The Joint's P/B Ratio of today is 7.32.
The Joint Price-to-Tangible-Book Historical Data
The historical data trend for The Joint'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 The Joint's Price-to-Tangible-Book
For the Medical Care Facilities subindustry, The Joint'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.
The Joint's Price-to-Tangible-Book Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, The Joint's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where The Joint's Price-to-Tangible-Book falls into.
The Joint Price-to-Tangible-Book Calculation
The Joint'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.
The Joint Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of The Joint's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
The Joint Corp develops, owns, operates, supports, and manages chiropractic clinics through direct ownership, management arrangements, franchising, and the sale of regional developer rights throughout the United States. The doctors of chiropractic develop personalized treatment plans to relieve patients' pain and deliver ongoing preventative care. The Company has two operating business segments; the Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics, and The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The company generates maximum revenue from the Corporate clinic's segment.
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