As of today (2024-04-26), Neogen's share price is $11.96. Neogen's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was $-2.45. Hence, Neogen's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Neogen's Price-to-Tangible-Book or its related term are showing as below:
During the past 13 years, Neogen's highest Price to Tangible Book Ratio was 11.86. The lowest was 3.52. And the median was 7.56.
NEOG's Price-to-Tangible-Book is not ranked *
in the Medical Diagnostics & Research industry.
Industry Median: 2.41 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Neogen's share price is $11.96. Neogen's Book Value per Sharefor the quarter that ended in Feb. 2024 was $14.53. Hence, Neogen's P/B Ratio of today is 0.82.
Neogen Price-to-Tangible-Book Historical Data
The historical data trend for Neogen'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 Neogen's Price-to-Tangible-Book
For the Diagnostics & Research subindustry, Neogen'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.
Neogen's Price-to-Tangible-Book Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Neogen's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Neogen's Price-to-Tangible-Book falls into.
Neogen Price-to-Tangible-Book Calculation
Neogen'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.
Neogen Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Neogen's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety (70% of post-merger sales), Neogen performs diagnostics to detect unintended substances in food and animal feed, such as pathogens, allergens, and drug residues, for food and feed processing companies. In animal safety (20% of post-merger sales), Neogen sells veterinary instruments, pharmaceuticals, disinfectants, and genomics tests for animals, including cattle, horses, and canines. Sales in the United States account for 60% of total revenue, while international markets, including Canada, Europe, Asia, and Latin America, account for the remaining 40%.
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