Alliance Growers (XCNQ:ACG) Price-to-Tangible-Book : 0.56 (As of May. 20, 2024)

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What is Alliance Growers Price-to-Tangible-Book?

As of today (2024-05-20), Alliance Growers's share price is C$0.02. Alliance Growers's Tangible Book per Share of May. 2019 for the quarter that ended in May. 2019 was C$0.04. Hence, Alliance Growers's Price to Tangible Book Ratio of today is 0.56.

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

XCNQ:ACG's Price-to-Tangible-Book is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 2.385
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Alliance Growers's share price is C$0.02. Alliance Growers's Book Value per Sharefor the quarter that ended in May. 2019 was C$0.04. Hence, Alliance Growers's P/B Ratio of today is 0.56.

Alliance Growers Price-to-Tangible-Book Historical Data

The historical data trend for Alliance Growers'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.

Alliance Growers Price-to-Tangible-Book Chart

Alliance Growers Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Price-to-Tangible-Book

25.00

5.41

Alliance Growers Quarterly Data
	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19
Price-to-Tangible-Book	Get a 7-Day Free Trial															5.00	5.41	2.82	2.31	1.94

Competitive Comparison of Alliance Growers's Price-to-Tangible-Book

For the Drug Manufacturers - Specialty & Generic subindustry, Alliance Growers'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.

Alliance Growers's Price-to-Tangible-Book Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Alliance Growers's Price-to-Tangible-Book distribution charts can be found below:

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

Alliance Growers Price-to-Tangible-Book Calculation

Alliance Growers's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: May. 2019 )
	=	0.02	/	0.036
	=	0.56

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.

Alliance Growers Price-to-Tangible-Book Related Terms

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

Alliance Growers (XCNQ:ACG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Alliance Growers Corp (XCNQ:ACG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6

Website

http://www.alliancegrowers.com

Alliance Growers Corp is a Canada based diversified cannabis company. It principally operates through the four key divisions namely, Cannabis Botany Centre, Strategic Access to Cannabis for Medical Purposes Regulations Investments, Cannabidiol Oil Supply and Distribution, and Research and Development. The company is primarily focused on the development of Cannabis Botany Centres in Canada.

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