As of today (2024-04-24), Avanos Medical's share price is $18.71. Avanos Medical's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $4.35. Hence, Avanos Medical's Price to Tangible Book Ratio of today is 4.30.
The historical rank and industry rank for Avanos Medical's Price-to-Tangible-Book or its related term are showing as below:
AVNS'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.24 Med: 6.15 Max: 56.63
Current: 4.3
During the past 13 years, Avanos Medical's highest Price to Tangible Book Ratio was 56.63. The lowest was 4.24. And the median was 6.15.
AVNS's Price-to-Tangible-Book is ranked worse than 66.81% of 702
companies
in the Medical Devices & Instruments industry
Industry Median: 2.62
vs AVNS: 4.30
A closely related ratio is called PB Ratio. As of today, Avanos Medical's share price is $18.71. Avanos Medical's Book Value per Sharefor the quarter that ended in Dec. 2023 was $26.78. Hence, Avanos Medical's P/B Ratio of today is 0.70.
Avanos Medical Price-to-Tangible-Book Historical Data
The historical data trend for Avanos Medical'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 Avanos Medical's Price-to-Tangible-Book
For the Medical Devices subindustry, Avanos Medical'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.
Avanos Medical's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Avanos Medical's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Avanos Medical's Price-to-Tangible-Book falls into.
Avanos Medical Price-to-Tangible-Book Calculation
Avanos Medical'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.
Avanos Medical Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Avanos Medical's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Avanos Medical (Avanos Medical) Business Description
Avanos Medical Inc is a United States-based company that develops and sells medical devices and related services globally. The firm operates in one segment, medical devices, which primarily sells products related to pain management, IV Therapy, and respiratory and digestive health. The company divides its Medical Devices segment into two franchises: Pain Management and Chronic Care. Pain Management provides non-opioid products for acute and interventional pain, including cold and compression therapy. Chronic Care aims at addressing digestive and respiratory issues with feeding tubes and catheters. Avanos generates most of its revenue from its Chronic Care franchise and in North America.
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