Nexalin Technology (Nexalin Technology) Price-to-Tangible-Book : 3.02 (As of May. 08, 2024)

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What is Nexalin Technology Price-to-Tangible-Book?

As of today (2024-05-08), Nexalin Technology's share price is $1.2601. Nexalin Technology's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.42. Hence, Nexalin Technology's Price to Tangible Book Ratio of today is 3.02.

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

NXL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 0.99 Max: 3.31
Current: 3

During the past 4 years, Nexalin Technology's highest Price to Tangible Book Ratio was 3.31. The lowest was 0.97. And the median was 0.99.

NXL's Price-to-Tangible-Book is ranked worse than
54.73% of 698 companies
in the Medical Devices & Instruments industry
Industry Median: 2.765 vs NXL: 3.00

A closely related ratio is called PB Ratio. As of today, Nexalin Technology's share price is $1.2601. Nexalin Technology's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.43. Hence, Nexalin Technology's P/B Ratio of today is 2.92.

Nexalin Technology Price-to-Tangible-Book Historical Data

The historical data trend for Nexalin Technology'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.

Nexalin Technology Price-to-Tangible-Book Chart

Nexalin Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.00

0.97

Nexalin Technology Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial								1.00	1.24	1.65	1.03	0.97

Competitive Comparison of Nexalin Technology's Price-to-Tangible-Book

For the Medical Devices subindustry, Nexalin Technology'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.

Nexalin Technology's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

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

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

Nexalin Technology Price-to-Tangible-Book Calculation

Nexalin Technology's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.2601	/	0.417
	=	3.02

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.

Nexalin Technology Price-to-Tangible-Book Related Terms

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

Nexalin Technology (Nexalin Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nexalin Technology Inc (NAS:NXL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1776 Yorktown, Suite 550, Houston, TX, USA, 77056

Website

https://www.nexalin.com

Nexalin Technology Inc design and develop innovative neurostimulation products to uniquely and effectively help combat the ongoing global mental health epidemic. The company has developed an easy-to-administer medical device referred to as Generation 1 or Gen-1 that utilizes bioelectronic medical technology to treat anxiety and insomnia, without the need for drugs or psychotherapy.

Executives

Marilyn Elson	10 percent owner, officer: Ms. Elson serves as CFO	32 CAMLET COURT, ROSELAND NJ 07068
Rick Morad	director	6331 CHAGRIN RIVER ROAD, BENTLEYVILLE OH 44022
Mark White	director, officer: President/CEO	1776 YORKTOWN STREET, SUITE 550, HOUSTON TX 77056
David Owens	director, officer: Chief Medical Officer	4545 HARRIS TRAIL NW, ATLANTA GA 30327
Alan Kazden	director	3435 CONSUELO DRIVE, CALABASAS CA 91302
Leonard Osser	other: Spouse
Ben Hu	director	7021 EDGERTON ROAD, NORTH ROYALTON OH 44133