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CogstateASX:CGS -2.90%74 Price-to-Tangible-Book is 8.14 as of Sep. 10, 2026. GuruFocus rates ASX:CGS with a GF Score™ of 74/100 and a GF Value™ of A$1.95 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 504 Healthcare Providers & Services companies, Cogstate ranks worse than 82.94% on this metric.
As of today (2026-09-10), Cogstate's share price is A$3.01. Cogstate's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was A$0.37. Hence, Cogstate's Price to Tangible Book Ratio of today is 8.14.
The historical rank and industry rank for Cogstate's Price-to-Tangible-Book or its related term are showing as below:
ASX:CGS'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.12 Med: 7.23 Max: 13.6
Current: 8.14
During the past 13 years, Cogstate's highest Price to Tangible Book Ratio was 13.60. The lowest was 3.12. And the median was 7.23.
ASX:CGS's Price-to-Tangible-Book is ranked worse than 82.94% of 504
companies
in the Healthcare Providers & Services industry
Industry Median: 2.55
vs ASX:CGS: 8.14
A closely related ratio is called PB Ratio. As of today, Cogstate's share price is A$3.01. Cogstate's Book Value per Sharefor the quarter that ended in Jun. 2026 was A$0.49. Hence, Cogstate's P/B Ratio of today is 6.17.
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.
Cogstate Price-to-Tangible-Book Related Terms
Cogstate Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Cogstate's Price-to-Tangible-Book 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.
ASX:CGS vs VEEV, BTSG, TEM: Price-to-Tangible-Book Comparison
For the Health Information Services subindustry, Cogstate's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Cogstate Price-to-Tangible-Book vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Cogstate's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Cogstate's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Cogstate (ASX:CGS) has a Price-to-Tangible-Book of 8.14 as of Sep. 10, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Cogstate and its competitors. According to the industry distribution chart, Cogstate ranks #418 out of 504 companies in the Healthcare Providers & Services industry, placing it in the top 82.9%.
Is Cogstate's Price-to-Tangible-Book too high?
Cogstate's current Price-to-Tangible-Book is 8.14. The Healthcare Providers & Services industry median Price-to-Tangible-Book is 2.55. Cogstate's value of 8.14 is 219.2% above this industry median. Based on the distribution chart, Cogstate ranks #418 out of 504 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Cogstate has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cogstate's Price-to-Tangible-Book compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Cogstate ranks #418 out of 504 companies for Price-to-Tangible-Book. This places Cogstate in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.55. Cogstate's value of 8.14 is 219.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Healthcare Providers & Services company?
The median Price-to-Tangible-Book among Healthcare Providers & Services companies is 2.55, based on 504 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cogstate's current Price-to-Tangible-Book of 8.14 is 219.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Cogstate and its competitors. For the Healthcare Providers & Services industry, the median Price-to-Tangible-Book is 2.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cogstate's current Price-to-Tangible-Book is 8.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cogstate stock overvalued right now?
Based on GuruFocus' analysis, Cogstate (ASX:CGS) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.95, compared to a current price of A$3.01 — trading 54.4% above its estimated fair value. The current Price-to-Tangible-Book is 8.14 and 219.2% above the Healthcare Providers & Services industry median of 2.55. Cogstate's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Cogstate (ASX:CGS), the current Price-to-Tangible-Book is 8.14 as of Sep. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cogstate (ASX:CGS) Overvalued in 2026?
Based on GuruFocus' analysis, Cogstate stock appears to be overvalued.
The current stock price of A$3.01 is trading 54.4% above its estimated GF Value™ of A$1.95.
GuruFocus considers Cogstate to be Significantly Overvalued.
Key valuation signals for ASX:CGS:
Price-to-Tangible-Book: 8.14
GF Value™: A$1.95 vs. price of A$3.01 (54.4% above fair value)
Industry Position: 219.2% above the Healthcare Providers & Services median (#418 of 504)
No single metric tells the full story. See the ASX:CGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cogstate Ltd is a cognitive science company. The principal activity of the group is the Creation, validation, and commercialisation of digital brain health assessments; and the Design and provision of quality assurance services in clinical trials, focused on the administration, scoring, and recording of conventional brain health assessments and reporting. Its operating segment includes Clinical Trials, Healthcare, and Administration. The company generates maximum revenue from the Clinical Trials segment. In the clinical trials segment, technology and services are sold to pharmaceutical and biotechnology companies. The company derives revenue from the sale of licensed software and cognitive testing services.
74GF Score
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