As of today (2024-04-23), Tarsus Pharmaceuticals's share price is $33.53. Tarsus Pharmaceuticals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $5.65. Hence, Tarsus Pharmaceuticals's Price to Tangible Book Ratio of today is 5.94.
The historical rank and industry rank for Tarsus Pharmaceuticals's Price-to-Tangible-Book or its related term are showing as below:
TARS'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.03 Med: 3.19 Max: 5.99
Current: 5.93
During the past 6 years, Tarsus Pharmaceuticals's highest Price to Tangible Book Ratio was 5.99. The lowest was 2.03. And the median was 3.19.
TARS's Price-to-Tangible-Book is ranked worse than 76.82% of 1221
companies
in the Biotechnology industry
Industry Median: 2.67
vs TARS: 5.93
A closely related ratio is called PB Ratio. As of today, Tarsus Pharmaceuticals's share price is $33.53. Tarsus Pharmaceuticals's Book Value per Sharefor the quarter that ended in Dec. 2023 was $5.76. Hence, Tarsus Pharmaceuticals's P/B Ratio of today is 5.82.
Tarsus Pharmaceuticals Price-to-Tangible-Book Historical Data
The historical data trend for Tarsus Pharmaceuticals'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.
For the Biotechnology subindustry, Tarsus Pharmaceuticals'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.
Tarsus Pharmaceuticals Price-to-Tangible-Book Distribution
For the Biotechnology industry and Healthcare sector, Tarsus Pharmaceuticals's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Tarsus Pharmaceuticals's Price-to-Tangible-Book falls into.
* 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.
Tarsus Pharmaceuticals Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Tarsus Pharmaceuticals's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Tarsus Pharmaceuticals (Tarsus Pharmaceuticals) Business Description
Tarsus Pharmaceuticals Inc is a late clinical-stage biopharmaceutical company. It is focused on the development and commercialization of first-in-class therapeutic candidates to provide treatment for ophthalmic conditions. The company's lead candidate TP-03 is a novel investigational eye drop to treat blepharitis caused by the infestation of Demodex mites, referred to as Demodex blepharitis.
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