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GuruFocus has detected 5 Warning Signs with Agenus Inc $AGEN.
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Agenus Inc (NAS:AGEN)
PB Ratio
43.67 (As of Today)

As of today, Agenus Inc's share price is $3.93. Agenus Inc's Book Value per Share for the quarter that ended in Mar. 2017 was $0.09. Hence, Agenus Inc's P/B Ratio of today is 43.67.

Warning Sign:

Agenus Inc stock PB Ratio (=44.22) is close to 10-year high of 45.89

AGEN' s PB Ratio Range Over the Past 10 Years
Min: 2.51   Max: 45.89
Current: 43.65

2.51
45.89

During the past 13 years, Agenus Inc's highest P/B Ratio was 45.89. The lowest was 2.51. And the median was 7.80.

AGEN's PB Ratio is ranked lower than
98% of the 885 Companies
in the Global Biotechnology industry.

( Industry Median: 3.95 vs. AGEN: 43.65 )

During the past 12 months, Agenus Inc's average Book Value Per Share Growth Rate was -82.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 53.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Agenus Inc was 53.60% per year. The lowest was -48.90% per year. And the median was -13.60% per year.


Definition

Agenus Inc's P/B ratio for today is calculated as follows:

P/B Ratio=Share Price/Book Value per Share (Q: Mar. 2017)
=3.93/0.09
=43.67

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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

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


Explanation

Unlike valuation ratios relative to the earning power such as P/E ratio, P/S ratio or Price-to-Free-Cash-Flow ratio, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book 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 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.


Related Terms

Book Value per Share, Market Cap, Total Equity, Preferred Stock, P/E ratio, P/S ratio, Price-to-Free-Cash-Flow ratio, Price-to-Tangible-Book Ratio


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Agenus Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
pb 0.000.000.000.000.000.000.0010.825.540.00

Agenus Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
pb 10.827.868.345.065.548.0920.880.000.0041.89
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