Nanosonics (ASX:NAN) PB Ratio : 4.90 (As of May. 02, 2024)

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What is Nanosonics PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-02), Nanosonics's share price is A$2.84. Nanosonics's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.58. Hence, Nanosonics's PB Ratio of today is 4.90.

Good Sign:

Nanosonics Ltd stock PB Ratio (=4.74) is close to 10-year low of 4.74

The historical rank and industry rank for Nanosonics's PB Ratio or its related term are showing as below:

ASX:NAN' s PB Ratio Range Over the Past 10 Years
Min: 4.1 Med: 11.21 Max: 24.68
Current: 4.89

During the past 13 years, Nanosonics's highest PB Ratio was 24.68. The lowest was 4.10. And the median was 11.21.

ASX:NAN's PB Ratio is ranked worse than
77.81% of 793 companies
in the Medical Devices & Instruments industry
Industry Median: 2.24 vs ASX:NAN: 4.89

During the past 12 months, Nanosonics's average Book Value Per Share Growth Rate was 15.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 9.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 10.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 21.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nanosonics was 56.10% per year. The lowest was -21.10% per year. And the median was 10.80% per year.

Back to Basics: PB Ratio

Nanosonics PB Ratio Historical Data

The historical data trend for Nanosonics's PB Ratio 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.

Nanosonics PB Ratio Chart

Nanosonics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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15.31

16.51

13.04

7.32

8.75

Nanosonics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															13.60	7.32	8.56	8.75	7.59

Competitive Comparison of Nanosonics's PB Ratio

For the Medical Instruments & Supplies subindustry, Nanosonics's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Nanosonics's PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nanosonics's PB Ratio distribution charts can be found below:

* The bar in red indicates where Nanosonics's PB Ratio falls into.

Nanosonics PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Nanosonics's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	2.84	/	0.58
	=	4.90

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Nanosonics (ASX:NAN) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Nanosonics PB Ratio Related Terms

Thank you for viewing the detailed overview of Nanosonics's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Nanosonics (ASX:NAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nanosonics Ltd (ASX:NAN) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

NNCSF:USA OQS:Germany

Address

7-11 Talavera Road, Level 1 Building A, Macquarie Park, Sydney, NSW, AUS, 2113

Website

https://www.nanosonics.com.au

Nanosonics is a single-product firm and its trophon device provides high-level disinfection of ultrasound probes used in semicritical procedures. The patented technology uses low temperature sonically activated hydrogen peroxide mist that is suitable for probes sensitive to damage. Automated HLD is increasingly being used as the standard of care globally as it is superior in preventing cross-infection across patients. Nanosonics' revenue is made up of capital sales of trophon units, ongoing consumables sales, and service revenue. At June 2022, there were 29,850 trophon units installed globally. Market penetration rates range from over 75% in Australia and New Zealand, roughly 44% in the U.S. to low-single-digit penetration in Europe, Middle East, and Africa, and elsewhere in Asia-Pacific.