Neola Medical AB (OSTO:NEOLA) Price-to-Tangible-Book : 3.95 (As of May. 17, 2024)

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What is Neola Medical AB Price-to-Tangible-Book?

As of today (2024-05-17), Neola Medical AB's share price is kr2.04. Neola Medical AB's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was kr0.52. Hence, Neola Medical AB's Price to Tangible Book Ratio of today is 3.95.

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

OSTO:NEOLA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.21 Med: 3.15 Max: 3.92
Current: 3.92

During the past 6 years, Neola Medical AB's highest Price to Tangible Book Ratio was 3.92. The lowest was 2.21. And the median was 3.15.

OSTO:NEOLA's Price-to-Tangible-Book is ranked worse than
63% of 700 companies
in the Medical Devices & Instruments industry
Industry Median: 2.75 vs OSTO:NEOLA: 3.92

A closely related ratio is called PB Ratio. As of today, Neola Medical AB's share price is kr2.04. Neola Medical AB's Book Value per Sharefor the quarter that ended in Dec. 2023 was kr1.13. Hence, Neola Medical AB's P/B Ratio of today is 1.81.

Neola Medical AB Price-to-Tangible-Book Historical Data

The historical data trend for Neola Medical AB'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.

Neola Medical AB Price-to-Tangible-Book Chart

Neola Medical AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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3.79

2.53

2.21

3.77

Neola Medical AB Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial														2.21	3.56	4.02	3.26	3.77

Competitive Comparison of Neola Medical AB's Price-to-Tangible-Book

For the Medical Devices subindustry, Neola Medical AB'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.

Neola Medical AB's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

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

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

Neola Medical AB Price-to-Tangible-Book Calculation

Neola Medical AB's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.04	/	0.517
	=	3.95

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.

Neola Medical AB Price-to-Tangible-Book Related Terms

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

Neola Medical AB (OSTO:NEOLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Neola Medical AB (OSTO:NEOLA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

Scheelevägen 27, Ideon Science Park, Lund, SWE, 223 63

Website

https://www.neolamedical.se

Neola Medical AB is revolutionizing neonatal intensive care with NEOLA, a medical device that can offer continuous lung monitoring and real-time alerts of life-threatening complications using a technology that measures lung volume changes and oxygen gas concentration. NEOLA has the potential to provide care, fewer days in intensive care, and healthier lives for preterm born infants. The company is building on a historic Swedish legacy of medical technology innovation and invaluable contributions to health care.

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