High Tide (TSXV:HITI) Price-to-Tangible-Book : 14.46 (As of Apr. 25, 2024)

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What is High Tide Price-to-Tangible-Book?

As of today (2024-04-25), High Tide's share price is C$2.79. High Tide's Tangible Book per Share of Apr. 2023 for the quarter that ended in Apr. 2023 was C$0.19. Hence, High Tide's Price to Tangible Book Ratio of today is 14.46.

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

TSXV:HITI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.34 Med: 12.94 Max: 73.85
Current: 7.54

During the past 7 years, High Tide's highest Price to Tangible Book Ratio was 73.85. The lowest was 5.34. And the median was 12.94.

TSXV:HITI's Price-to-Tangible-Book is ranked worse than
79.5% of 478 companies
in the Healthcare Providers & Services industry
Industry Median: 3.26 vs TSXV:HITI: 7.54

A closely related ratio is called PB Ratio. As of today, High Tide's share price is C$2.79. High Tide's Book Value per Sharefor the quarter that ended in Apr. 2023 was C$2.13. Hence, High Tide's P/B Ratio of today is 1.31.

High Tide Price-to-Tangible-Book Historical Data

The historical data trend for High Tide'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.

High Tide Price-to-Tangible-Book Chart

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Price-to-Tangible-Book

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73.85

12.94

5.34

High Tide Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23
Price-to-Tangible-Book	Get a 7-Day Free Trial															9.29	12.94	12.85	9.33	5.34

Competitive Comparison of High Tide's Price-to-Tangible-Book

For the Pharmaceutical Retailers subindustry, High Tide'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.

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

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

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

High Tide Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Apr. 2023 )
	=	2.79	/	0.193
	=	14.46

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.

High Tide Price-to-Tangible-Book Related Terms

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

High Tide (TSXV:HITI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (TSXV:HITI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

HITI:USA 2LYA:Germany

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.