As of today (2024-04-23), Chemed's share price is $607.48. Chemed's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $28.77. Hence, Chemed's Price to Tangible Book Ratio of today is 21.11.
The historical rank and industry rank for Chemed's Price-to-Tangible-Book or its related term are showing as below:
CHE'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 20.32 Med: 185.31 Max: 453.4
Current: 21.12
During the past 13 years, Chemed's highest Price to Tangible Book Ratio was 453.40. The lowest was 20.32. And the median was 185.31.
CHE's Price-to-Tangible-Book is ranked worse than 94.57% of 479
companies
in the Healthcare Providers & Services industry
Industry Median: 3.28
vs CHE: 21.12
A closely related ratio is called PB Ratio. As of today, Chemed's share price is $607.48. Chemed's Book Value per Sharefor the quarter that ended in Dec. 2023 was $73.69. Hence, Chemed's P/B Ratio of today is 8.24.
Chemed Price-to-Tangible-Book Historical Data
The historical data trend for Chemed'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.
Chemed Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
306.10
41.42
-
64.51
20.32
Chemed Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Price-to-Tangible-Book
64.51
40.10
29.63
22.84
20.32
Competitive Comparison
For the Medical Care Facilities subindustry, Chemed'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.
Chemed Price-to-Tangible-Book Distribution
For the Healthcare Providers & Services industry and Healthcare sector, Chemed's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Chemed's Price-to-Tangible-Book falls into.
Chemed Price-to-Tangible-Book Calculation
Chemed'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.
Chemed Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Chemed's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Chemed Corp operates subsidiaries in two main segments: VITAS and Roto-Rooter. The VITAS segment generates the majority of the firm's revenue. It provides hospice and palliative-care services to patients with terminal illnesses through a network of physicians, registered nurses, home health aides, social workers, and volunteers. The vast majority of the segment's revenue is received from the Medicare and Medicaid reimbursement programs. The Roto-Rooter segment provides plumbing, drain cleaning, water restoration, and related services to residential and commercial customers. Chemed generates the majority of its revenue from business in the United States.
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