NEXE Innovations (TSXV:NEXE) Price-to-Tangible-Book : 1.02 (As of May. 21, 2024)

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What is NEXE Innovations Price-to-Tangible-Book?

As of today (2024-05-21), NEXE Innovations's share price is C$0.37. NEXE Innovations's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was C$0.36. Hence, NEXE Innovations's Price to Tangible Book Ratio of today is 1.02.

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

TSXV:NEXE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.58 Med: 1.04 Max: 10.71
Current: 1.03

During the past 4 years, NEXE Innovations's highest Price to Tangible Book Ratio was 10.71. The lowest was 0.58. And the median was 1.04.

TSXV:NEXE's Price-to-Tangible-Book is ranked better than
64.61% of 356 companies
in the Packaging & Containers industry
Industry Median: 1.455 vs TSXV:NEXE: 1.03

A closely related ratio is called PB Ratio. As of today, NEXE Innovations's share price is C$0.37. NEXE Innovations's Book Value per Sharefor the quarter that ended in Feb. 2024 was C$0.36. Hence, NEXE Innovations's P/B Ratio of today is 1.02.

NEXE Innovations Price-to-Tangible-Book Historical Data

The historical data trend for NEXE Innovations'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.

NEXE Innovations Price-to-Tangible-Book Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

Price-to-Tangible-Book

2.59

0.78

1.04

NEXE Innovations Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Price-to-Tangible-Book	Get a 7-Day Free Trial													1.05	1.04	0.92	0.67	0.62

Competitive Comparison of NEXE Innovations's Price-to-Tangible-Book

For the Packaging & Containers subindustry, NEXE Innovations'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.

NEXE Innovations's Price-to-Tangible-Book Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, NEXE Innovations's Price-to-Tangible-Book distribution charts can be found below:

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

NEXE Innovations Price-to-Tangible-Book Calculation

NEXE Innovations's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Feb. 2024 )
	=	0.37	/	0.361
	=	1.02

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.

NEXE Innovations Price-to-Tangible-Book Related Terms

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

NEXE Innovations (TSXV:NEXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (TSXV:NEXE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NEXNF:USA NX5:Germany

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.

Executives

Ashvani Guglani

Director

NEXE Innovations (TSXV:NEXE) Headlines

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