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 (2024-04-26), Avanos Medical's share price is $18.15. Avanos Medical's Book Value per Share for the quarter that ended in Dec. 2023 was $26.78. Hence, Avanos Medical's PB Ratio of today is 0.68.
Good Sign:
Avanos Medical Inc stock PB Ratio (=0.7) is close to 10-year low of 0.67
The historical rank and industry rank for Avanos Medical's PB Ratio or its related term are showing as below:
AVNS'
s PB Ratio Range Over the Past 10 Years
Min: 0.66 Med: 1.33 Max: 2.66
Current: 0.68
During the past 13 years, Avanos Medical's highest PB Ratio was 2.66. The lowest was 0.66. And the median was 1.33.
AVNS's PB Ratio is ranked better than 88.43% of 795
companies
in the Medical Devices & Instruments industry
Industry Median: 2.19
vs AVNS: 0.68
During the past 12 months, Avanos Medical's average Book Value Per Share Growth Rate was -3.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Avanos Medical was 6.50% per year. The lowest was -20.00% per year. And the median was 0.40% per year.
Back to Basics: PB Ratio
Avanos Medical PB Ratio Historical Data
The historical data trend for Avanos Medical'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 Avanos Medical's PB Ratio
For the Medical Devices subindustry, Avanos Medical'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.
Avanos Medical's PB Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Avanos Medical's PB Ratio distribution charts can be found below:
* The bar in red indicates where Avanos Medical's PB Ratio falls into.
Avanos Medical 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.
Avanos Medical'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.
Avanos Medical PB Ratio Related Terms
Thank you for viewing the detailed overview of Avanos Medical's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Avanos Medical (Avanos Medical) Business Description
Avanos Medical Inc is a United States-based company that develops and sells medical devices and related services globally. The firm operates in one segment, medical devices, which primarily sells products related to pain management, IV Therapy, and respiratory and digestive health. The company divides its Medical Devices segment into two franchises: Pain Management and Chronic Care. Pain Management provides non-opioid products for acute and interventional pain, including cold and compression therapy. Chronic Care aims at addressing digestive and respiratory issues with feeding tubes and catheters. Avanos generates most of its revenue from its Chronic Care franchise and in North America.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AVNS has been successfully added to your 