Visioneering Technologies (ASX:VTI) Price-to-Tangible-Book : 0.75 (As of May. 16, 2024)

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What is Visioneering Technologies Price-to-Tangible-Book?

As of today (2024-05-16), Visioneering Technologies's share price is A$0.12. Visioneering Technologies's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.16. Hence, Visioneering Technologies's Price to Tangible Book Ratio of today is 0.75.

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

ASX:VTI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.63 Med: 2.36 Max: 17.22
Current: 0.75

During the past 7 years, Visioneering Technologies's highest Price to Tangible Book Ratio was 17.22. The lowest was 0.63. And the median was 2.36.

ASX:VTI's Price-to-Tangible-Book is ranked better than
92.72% of 701 companies
in the Medical Devices & Instruments industry
Industry Median: 2.78 vs ASX:VTI: 0.75

A closely related ratio is called PB Ratio. As of today, Visioneering Technologies's share price is A$0.12. Visioneering Technologies's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.17. Hence, Visioneering Technologies's P/B Ratio of today is 0.71.

Visioneering Technologies Price-to-Tangible-Book Historical Data

The historical data trend for Visioneering Technologies'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.

Visioneering Technologies Price-to-Tangible-Book Chart

Visioneering Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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17.22

1.50

1.37

1.57

Visioneering Technologies Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial									1.50	0.64	1.37	1.19	1.57

Competitive Comparison of Visioneering Technologies's Price-to-Tangible-Book

For the Medical Devices subindustry, Visioneering Technologies'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.

Visioneering Technologies's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

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

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

Visioneering Technologies Price-to-Tangible-Book Calculation

Visioneering Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.12	/	0.159
	=	0.75

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.

Visioneering Technologies Price-to-Tangible-Book Related Terms

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Visioneering Technologies (ASX:VTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Visioneering Technologies Inc (ASX:VTI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

10745 Westside Way, Suite 200, Alpharetta, GA, USA, 30009

Website

http://www.vtivision.com

Visioneering Technologies Inc is a medical device company. It designs, manufactures, sales and distributes its NaturalVue daily disposable multifocal contact lenses for adults with Presbyopia and children with Myopia. The company offers NaturalVue MF contact lenses. Its Multifocal contact lens provides Presbyopia patients with near, intermediate, and distance vision and which is much easier for eye care professionals to fit their patients.