Kits Eyecare (TSX:KITS) Price-to-Tangible-Book : 14.62 (As of May. 01, 2024)

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What is Kits Eyecare Price-to-Tangible-Book?

As of today (2024-05-01), Kits Eyecare's share price is C$5.63. Kits Eyecare's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.39. Hence, Kits Eyecare's Price to Tangible Book Ratio of today is 14.62.

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

TSX:KITS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.43 Med: 7 Max: 16.21
Current: 14.44

During the past 6 years, Kits Eyecare's highest Price to Tangible Book Ratio was 16.21. The lowest was 6.43. And the median was 7.00.

TSX:KITS's Price-to-Tangible-Book is ranked worse than
93.42% of 972 companies
in the Retail - Cyclical industry
Industry Median: 1.825 vs TSX:KITS: 14.44

A closely related ratio is called PB Ratio. As of today, Kits Eyecare's share price is C$5.63. Kits Eyecare's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$1.64. Hence, Kits Eyecare's P/B Ratio of today is 3.44.

Kits Eyecare Price-to-Tangible-Book Historical Data

The historical data trend for Kits Eyecare'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.

Kits Eyecare Price-to-Tangible-Book Chart

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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6.43

7.00

16.21

Kits Eyecare Quarterly Data
	Sep19	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													7.00	12.01	12.98	13.16	16.21

Competitive Comparison of Kits Eyecare's Price-to-Tangible-Book

For the Specialty Retail subindustry, Kits Eyecare'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.

Kits Eyecare's Price-to-Tangible-Book Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kits Eyecare's Price-to-Tangible-Book distribution charts can be found below:

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

Kits Eyecare Price-to-Tangible-Book Calculation

Kits Eyecare's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	5.63	/	0.385
	=	14.62

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.

Kits Eyecare Price-to-Tangible-Book Related Terms

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

Kits Eyecare (TSX:KITS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kits Eyecare Ltd (TSX:KITS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

KTYCF:USA 0P3:Germany

Address

510 Seymour Street, Suite 1020, Vancouver, BC, CAN, V6B 3J5

Website

https://www.kits.com

Kits Eyecare Ltd is a vertically integrated, digitally native eyecare platform that offers its customers access to a vast selection of the highest quality contact lenses and eyeglasses, including its own exclusive KITS-designed products, and a suite of online vision tools. It operates a network of optical e-commerce websites, including KITS.com, KITS.ca, OptiContacts.com, and ContactsExpress.ca. The company's contact lens partners include Alcon, Bausch & Lomb, CooperVision, and Johnson & Johnson, and its glasses partners include Gucci, Oakley, Prive Revaux, Ray-Ban, and Tom Ford, which enables it to offer its customers first class brands and products in eye care.

Kits Eyecare (TSX:KITS) Headlines

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