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Red Light Holland (XCNQ:TRIP) PB Ratio : 0.83 (As of Dec. 14, 2024)


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What is Red Light Holland 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 (2024-12-14), Red Light Holland's share price is C$0.04. Red Light Holland's Book Value per Share for the quarter that ended in Sep. 2024 was C$0.05. Hence, Red Light Holland's PB Ratio of today is 0.83.

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

XCNQ:TRIP' s PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.19   Max: 2.78
Current: 0.83

During the past 6 years, Red Light Holland's highest PB Ratio was 2.78. The lowest was 0.73. And the median was 1.19.

XCNQ:TRIP's PB Ratio is ranked better than
84.04% of 940 companies
in the Drug Manufacturers industry
Industry Median: 2.075 vs XCNQ:TRIP: 0.83

During the past 12 months, Red Light Holland's average Book Value Per Share Growth Rate was -22.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -20.60% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Red Light Holland was -20.60% per year. The lowest was -20.60% per year. And the median was -20.60% per year.

Back to Basics: PB Ratio


Red Light Holland PB Ratio Historical Data

The historical data trend for Red Light Holland'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.

Red Light Holland PB Ratio Chart

Red Light Holland Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
PB Ratio
Get a 7-Day Free Trial - 3.19 1.31 1.72 1.18

Red Light Holland Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.21 1.02 1.18 1.00 0.83

Competitive Comparison of Red Light Holland's PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Red Light Holland'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.


Red Light Holland's PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Red Light Holland's PB Ratio distribution charts can be found below:

* The bar in red indicates where Red Light Holland's PB Ratio falls into.



Red Light Holland 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.

Red Light Holland's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2024)
=0.04/0.048
=0.83

* 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.

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

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.


Red Light Holland  (XCNQ:TRIP) 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.


Red Light Holland PB Ratio Related Terms

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


Red Light Holland Business Description

Traded in Other Exchanges
Address
1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9
Red Light Holland Corp is engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands. Its products include Microdosing Kit and Merch. Its revenue is comprised of sales of wholesale truffles, cannabis seeds, and other cannabis products and sales of microdose packs.
Executives
David John Ascott Senior Officer
Todd Michael Shapiro Director, Senior Officer
Ann Catherine Barnes Director