LBT Innovations (ASX:LBT) Price-to-Tangible-Book : 8.00 (As of Jun. 19, 2024)

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What is LBT Innovations Price-to-Tangible-Book?

As of today (2024-06-19), LBT Innovations's share price is A$0.016. LBT Innovations's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.00. Hence, LBT Innovations's Price to Tangible Book Ratio of today is 8.00.

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

During the past 13 years, LBT Innovations's highest Price to Tangible Book Ratio was 122.50. The lowest was 1.08. And the median was 4.47.

ASX:LBT's Price-to-Tangible-Book is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 2.73
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, LBT Innovations's share price is A$0.016. LBT Innovations's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.00. Hence, LBT Innovations's P/B Ratio of today is 8.00.

LBT Innovations Price-to-Tangible-Book Historical Data

The historical data trend for LBT Innovations'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.

LBT Innovations Price-to-Tangible-Book Chart

LBT Innovations Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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2.37

7.32

2.22

4.96

LBT Innovations 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															11.50	4.96	4.51	-	5.50

Competitive Comparison of LBT Innovations's Price-to-Tangible-Book

For the Medical Devices subindustry, LBT Innovations'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.

LBT Innovations's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where LBT Innovations's Price-to-Tangible-Book falls into.

LBT Innovations Price-to-Tangible-Book Calculation

LBT Innovations's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.016	/	0.002
	=	8.00

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.

LBT Innovations Price-to-Tangible-Book Related Terms

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

LBT Innovations (ASX:LBT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Anster Street, Adelaide, SA, AUS, 5000

Website

https://www.lbtinnovations.com

LBT Innovations Ltd is a designer of advanced technology solutions for the medical industry. Its first product, MicroStreak, was a global first in the automation of the culture plate streaking process. Its second product, the Automated Plate Assessment System(APAS) is based upon LBT's intelligent imaging and machine learning software and remains the only US FDA-cleared artificial intelligence technology for automated imaging, analysis, and interpretation of microbiology culture plates following incubation.

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