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 (2024-04-28), The Joint's share price is $12.23. The Joint's Book Value per Share for the quarter that ended in Dec. 2023 was $1.68. Hence, The Joint's PB Ratio of today is 7.29.
The historical rank and industry rank for The Joint's PB Ratio or its related term are showing as below:
JYNT'
s PB Ratio Range Over the Past 10 Years
Min: 1.76 Med: 12.61 Max: 297.17
Current: 7.29
During the past 12 years, The Joint's highest PB Ratio was 297.17. The lowest was 1.76. And the median was 12.61.
JYNT's PB Ratio is ranked worse than 88.74% of 595
companies
in the Healthcare Providers & Services industry
Industry Median: 2.19
vs JYNT: 7.29
During the past 12 months, The Joint's average Book Value Per Share Growth Rate was -25.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 91.30% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of The Joint was 240.90% per year. The lowest was -68.20% per year. And the median was 4.00% per year.
Back to Basics: PB Ratio
The Joint PB Ratio Historical Data
The historical data trend for The Joint'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.
For the Medical Care Facilities subindustry, The Joint'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.
The Joint's PB Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, The Joint's PB Ratio distribution charts can be found below:
* The bar in red indicates where The Joint's PB Ratio falls into.
The Joint 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.
The Joint's PB Ratio for today is calculated as follows:
* 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.
The Joint PB Ratio Related Terms
Thank you for viewing the detailed overview of The Joint's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Joint Corp develops, owns, operates, supports, and manages chiropractic clinics through direct ownership, management arrangements, franchising, and the sale of regional developer rights throughout the United States. The doctors of chiropractic develop personalized treatment plans to relieve patients' pain and deliver ongoing preventative care. The Company has two operating business segments; the Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics, and The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The company generates maximum revenue from the Corporate clinic's segment.
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