Market Cap : 494.38 M | Enterprise Value : 494.38 M | P/E (TTM) : 4.02 | P/B : 1.02 |
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As of today (2021-01-21), Tekla Life Sciences Investors's share price is $20.740700. Tekla Life Sciences Investors's Book Value per Share for the fiscal year that ended in Sep. 2020 was $20.28. Hence, Tekla Life Sciences Investors's P/B Ratio of today is 1.02.
During the past 4 years, Tekla Life Sciences Investors's highest P/B Ratio was 1.04. The lowest was 0.59. And the median was 0.84.
During the past 12 months, Tekla Life Sciences Investors's average Book Value Per Share Growth Rate was 22.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -2.10% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Tekla Life Sciences Investors was -2.10% per year. The lowest was -2.10% per year. And the median was -2.10% per year.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* The bar in red indicates where Tekla Life Sciences Investors's PB Ratio falls into.
Tekla Life Sciences Investors's P/B ratio for today is calculated as follows:
P/B Ratio | = | Share Price | / | Book Value per Share (A: Sep. 2020) |
= | 20.740700 | / | 20.278 | |
= | 1.02 |
* 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:
P/B Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and Price-to-Book Ratio is that book value other than intangibles are used in the calculation.
Unlike valuation ratios relative to the earning power such as PE Ratio, PS Ratio or Price-to-Free-Cash-Flow, 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.
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.
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