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 (2024-05-14), Asensus Surgical's share price is $0.2783. Asensus Surgical's Book Value per Share for the quarter that ended in Dec. 2023 was $0.13. Hence, Asensus Surgical's PB Ratio of today is 2.21.
The historical rank and industry rank for Asensus Surgical's PB Ratio or its related term are showing as below:
ASXC'
s PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 1.69 Max: 46.68
Current: 2.14
During the past 13 years, Asensus Surgical's highest PB Ratio was 46.68. The lowest was 0.12. And the median was 1.69.
ASXC's PB Ratio is ranked better than 53.28% of 792
companies
in the Medical Devices & Instruments industry
Industry Median: 2.22
vs ASXC: 2.14
During the past 12 months, Asensus Surgical's average Book Value Per Share Growth Rate was -70.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -38.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -54.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -42.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Asensus Surgical was 52.10% per year. The lowest was -64.30% per year. And the median was -23.20% per year.
Back to Basics: PB Ratio
Asensus Surgical PB Ratio Historical Data
The historical data trend for Asensus Surgical'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.
Competitive Comparison of Asensus Surgical's PB Ratio
For the Medical Devices subindustry, Asensus Surgical'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.
Asensus Surgical's PB Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Asensus Surgical's PB Ratio distribution charts can be found below:
* The bar in red indicates where Asensus Surgical's PB Ratio falls into.
Asensus Surgical 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.
* 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.
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.
Asensus Surgical PB Ratio Related Terms
Thank you for viewing the detailed overview of Asensus Surgical's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Asensus Surgical (Asensus Surgical) Business Description
Asensus Surgical Inc is a medical device company that digitizes the interface between the surgeon and the patient to improve minimally invasive surgery through digital laparoscopy. It enables the use of advanced capabilities such as augmented intelligence, connectivity, and robotics in laparoscopy and seeks to address the current clinical, cognitive, and economic shortcomings in surgery. The Senhance Surgical System is the first machine vision system for use in robotic surgery, which is powered by the new Intelligent Surgical Unit that enables augmented intelligence in surgery and brings the benefits of digital laparoscopy to patients around the world. The company's single segment includes the research, development, and sale of medical device robotics to improve minimally invasive surgery.
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