Trees (NEOE:TREE) Price-to-Tangible-Book : (As of Apr. 25, 2024)

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What is Trees Price-to-Tangible-Book?

As of today (2024-04-25), Trees's share price is C$0.005. Trees's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was C$-0.02. Hence, Trees's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Trees's Price-to-Tangible-Book or its related term are showing as below:

During the past 1 years, Trees's highest Price to Tangible Book Ratio was 7.78. The lowest was 0.91. And the median was 1.25.

NEOE:TREE's Price-to-Tangible-Book is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 3.26
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Trees's share price is C$0.005. Trees's Book Value per Sharefor the quarter that ended in Sep. 2023 was C$-0.01. Hence, Trees's P/B Ratio of today is .

Trees Price-to-Tangible-Book Historical Data

The historical data trend for Trees'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.

* Premium members only.

Trees Price-to-Tangible-Book Chart

Trees Annual Data

Trend

Dec20

Price-to-Tangible-Book

Trees Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial					7.78	1.25	0.91	-	-

Competitive Comparison of Trees's Price-to-Tangible-Book

For the Pharmaceutical Retailers subindustry, Trees'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.

Trees's Price-to-Tangible-Book Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Trees's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Trees's Price-to-Tangible-Book falls into.

Trees Price-to-Tangible-Book Calculation

Trees's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.005	/	-0.015
	=

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Trees Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Trees's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Trees (NEOE:TREE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Trees Corp (NEOE:TREE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 - 5th Avenue SW, Suite 2100, Calgary, AB, CAN, T2P 3C4

Website

Trees Corp is an independent retail cannabis operator that currently operates seven fully licensed retail cannabis stores that sell cannabis products and accessories in the Province of Ontario.