Christina Lake Cannabis (Christina Lake Cannabis) PB Ratio : 0.45 (As of May. 25, 2024)

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What is Christina Lake Cannabis 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 (2024-05-25), Christina Lake Cannabis's share price is $0.0299. Christina Lake Cannabis's Book Value per Share for the quarter that ended in Aug. 2023 was $0.07. Hence, Christina Lake Cannabis's PB Ratio of today is 0.45.

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

CLCFF' s PB Ratio Range Over the Past 10 Years
Min: 0.28 Med: 1.16 Max: 7.48
Current: 0.5

During the past 5 years, Christina Lake Cannabis's highest PB Ratio was 7.48. The lowest was 0.28. And the median was 1.16.

CLCFF's PB Ratio is ranked better than
95.18% of 955 companies
in the Drug Manufacturers industry
Industry Median: 2 vs CLCFF: 0.50

During the past 12 months, Christina Lake Cannabis's average Book Value Per Share Growth Rate was -21.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 9.90% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Christina Lake Cannabis was 49.80% per year. The lowest was 9.90% per year. And the median was 29.85% per year.

Back to Basics: PB Ratio

Christina Lake Cannabis PB Ratio Historical Data

The historical data trend for Christina Lake Cannabis'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.

Christina Lake Cannabis PB Ratio Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

PB Ratio

3.47

1.35

Christina Lake Cannabis Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
PB Ratio	Get a 7-Day Free Trial															1.15	1.35	1.05	1.35	0.54

Competitive Comparison of Christina Lake Cannabis's PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Christina Lake Cannabis'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.

Christina Lake Cannabis's PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Christina Lake Cannabis's PB Ratio distribution charts can be found below:

* The bar in red indicates where Christina Lake Cannabis's PB Ratio falls into.

Christina Lake Cannabis 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.

Christina Lake Cannabis's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Aug. 2023)
	=	0.0299	/	0.066
	=	0.45

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.

Christina Lake Cannabis (OTCPK:CLCFF) 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.

Christina Lake Cannabis PB Ratio Related Terms

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Christina Lake Cannabis (Christina Lake Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (OTCPK:CLCFF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

CLB:Germany CLC:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives, serving domestic and international markets.