Nova Eye Medical (ASX:EYE) Price-to-Tangible-Book : 4.67 (As of Jun. 22, 2024)

View and export this data going back to 1987. Start your Free Trial

What is Nova Eye Medical Price-to-Tangible-Book?

As of today (2024-06-22), Nova Eye Medical's share price is A$0.215. Nova Eye Medical's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.05. Hence, Nova Eye Medical's Price to Tangible Book Ratio of today is 4.67.

The historical rank and industry rank for Nova Eye Medical's Price-to-Tangible-Book or its related term are showing as below:

ASX:EYE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86 Med: 1.65 Max: 5.08
Current: 4.67

During the past 13 years, Nova Eye Medical's highest Price to Tangible Book Ratio was 5.08. The lowest was 0.86. And the median was 1.65.

ASX:EYE's Price-to-Tangible-Book is ranked worse than
67.76% of 701 companies
in the Medical Devices & Instruments industry
Industry Median: 2.65 vs ASX:EYE: 4.67

A closely related ratio is called PB Ratio. As of today, Nova Eye Medical's share price is A$0.215. Nova Eye Medical's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.09. Hence, Nova Eye Medical's P/B Ratio of today is 2.47.

Nova Eye Medical Price-to-Tangible-Book Historical Data

The historical data trend for Nova Eye Medical'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.

* Premium members only.

Nova Eye Medical Price-to-Tangible-Book Chart

Nova Eye Medical Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.18

1.00

1.44

1.16

3.44

Nova Eye Medical Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.83	1.16	2.31	3.44	5.08

Competitive Comparison of Nova Eye Medical's Price-to-Tangible-Book

For the Medical Devices subindustry, Nova Eye Medical'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.

Nova Eye Medical's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nova Eye Medical's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Nova Eye Medical's Price-to-Tangible-Book falls into.

Nova Eye Medical Price-to-Tangible-Book Calculation

Nova Eye Medical's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.215	/	0.046
	=	4.67

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Be Aware

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.

Nova Eye Medical Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Nova Eye Medical's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Nova Eye Medical (ASX:EYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nova Eye Medical Ltd (ASX:EYE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

107 Rundle Street, Kent Town, Adelaide, SA, AUS, 5067

Website

https://www.nova-eye.com

Nova Eye Medical Ltd is a medical technology company that develops, manufactures and sells a portfolio of proprietary ophthalmic treatment technologies and devices. Used by eye surgeons globally, these technologies include iTrack minimally invasive glaucoma surgery (MIGS), a consumable surgical device that restores the eye's natural outflow pathway to lower pressure inside the eye and to eliminate patient reliance on anti-glaucoma medications for mild-moderate glaucoma. The company's operating segment include AlphaRET and Glaucoma Surgical Devices, it generates maximum revenue from Glaucoma Surgical Devices. Geographically, it derives a majority of revenue from the United States of America.