Comvita (Comvita) Price-to-Tangible-Book : 0.96 (As of May. 13, 2024)

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What is Comvita Price-to-Tangible-Book?

As of today (2024-05-13), Comvita's share price is $1.56. Comvita's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.63. Hence, Comvita's Price to Tangible Book Ratio of today is 0.96.

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

CVNZF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.65 Med: 1.37 Max: 3.72
Current: 0.65

During the past 13 years, Comvita's highest Price to Tangible Book Ratio was 3.72. The lowest was 0.65. And the median was 1.37.

CVNZF's Price-to-Tangible-Book is ranked better than
84.45% of 1704 companies
in the Consumer Packaged Goods industry
Industry Median: 1.735 vs CVNZF: 0.65

A closely related ratio is called PB Ratio. As of today, Comvita's share price is $1.56. Comvita's Book Value per Sharefor the quarter that ended in Dec. 2023 was $2.09. Hence, Comvita's P/B Ratio of today is 0.75.

Comvita Price-to-Tangible-Book Historical Data

The historical data trend for Comvita'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.

Comvita Price-to-Tangible-Book Chart

Comvita Annual Data

Trend

Mar13

Mar14

Mar15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.29

1.07

1.26

1.12

0.97

Comvita Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.43	1.12	1.10	0.97	1.15

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

For the Packaged Foods subindustry, Comvita'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.

Comvita's Price-to-Tangible-Book Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Comvita's Price-to-Tangible-Book distribution charts can be found below:

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

Comvita Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.56	/	1.629
	=	0.96

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.

Comvita Price-to-Tangible-Book Related Terms

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

Comvita (Comvita) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Comvita Ltd (OTCPK:CVNZF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CVT:New Zealand

Address

23 Wilson Road South, Private Bag 1, Paengaroa, Te Puke, BOP, NZL, 3153

Website

https://www.comvita.co.nz

Comvita Ltd is a New Zealand based company. It is engaged in the development and marketing of natural health and wellbeing products. Its products include manuka honey, manuka honey extract, nutritional oils, royal jelly, olive leaf extract, and other products. The company's geographical segments include Greater China; ANZ; Rest of Asia; Rest of Asia and EMEA. It derives a majority of its revenue from Greater China.