As of today (2024-05-05), 89bio's share price is $9.22. 89bio's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $5.75. Hence, 89bio's Price to Tangible Book Ratio of today is 1.60.
The historical rank and industry rank for 89bio's Price-to-Tangible-Book or its related term are showing as below:
ETNB'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.6 Med: 2.39 Max: 4.24
Current: 1.6
During the past 6 years, 89bio's highest Price to Tangible Book Ratio was 4.24. The lowest was 1.60. And the median was 2.39.
ETNB's Price-to-Tangible-Book is ranked better than 71.19% of 1222
companies
in the Biotechnology industry
Industry Median: 2.715
vs ETNB: 1.60
A closely related ratio is called PB Ratio. As of today, 89bio's share price is $9.22. 89bio's Book Value per Sharefor the quarter that ended in Dec. 2023 was $5.75. Hence, 89bio's P/B Ratio of today is 1.60.
89bio Price-to-Tangible-Book Historical Data
The historical data trend for 89bio'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.
Competitive Comparison of 89bio's Price-to-Tangible-Book
For the Biotechnology subindustry, 89bio'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.
89bio's Price-to-Tangible-Book Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, 89bio's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where 89bio's Price-to-Tangible-Book falls into.
89bio Price-to-Tangible-Book Calculation
89bio's price-to-tangible-book ratio for today is calculated as:
* 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.
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.
89bio Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of 89bio's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
89bio Inc is a United States-based clinical-stage biopharmaceutical company focused on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its product candidate, pegozafermin (previously BIO89-100), a specifically engineered glycoPEGylated analog of fibroblast growth factor 21 (FGF21), is currently being developed for the treatment of nonalcoholic steatohepatitis (NASH) and for the treatment of severe hypertriglyceridemia (SHTG).
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