Cronos Group (TSX:CRON) Price-to-Tangible-Book

: 0.87 (As of Today)

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As of today (2024-04-19), Cronos Group's share price is C$3.30. Cronos Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$3.79. Hence, Cronos Group's Price to Tangible Book Ratio of today is 0.87.

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

TSX:CRON' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.73 Med: 1.75 Max: 19.52
Current: 0.87

During the past 10 years, Cronos Group's highest Price to Tangible Book Ratio was 19.52. The lowest was 0.73. And the median was 1.75.

TSX:CRON's Price-to-Tangible-Book is ranked better than
86.81% of 872 companies
in the Drug Manufacturers industry
Industry Median: 2.285 vs TSX:CRON: 0.87

A closely related ratio is called PB Ratio. As of today, Cronos Group's share price is C$3.30. Cronos Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$3.87. Hence, Cronos Group's P/B Ratio of today is 0.85.

Cronos Group Price-to-Tangible-Book Historical Data

The historical data trend for Cronos Group'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.

Cronos Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.80

1.70

1.11

0.86

0.73

Cronos Group 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																0.86	0.66	0.67	0.70	0.73

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Cronos Group'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.

Cronos Group Price-to-Tangible-Book Distribution

For the Drug Manufacturers industry and Healthcare sector, Cronos Group's Price-to-Tangible-Book distribution charts can be found below:

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

Cronos Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.30	/	3.791
	=	0.87

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.

Cronos Group Price-to-Tangible-Book Related Terms

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Cronos Group (TSX:CRON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cronos Group Inc (TSX:CRON) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CRON:USA 7CI:Germany

Address

111 Peter Street, Suite 300, Toronto, ON, CAN, M5V 2H1

Website

https://www.thecronosgroup.com

Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis primarily to Israel. In the U.S. the company has an option to acquire 10.5% of U.S. multistate operator PharmaCann upon easing of federal prohibition.