Green Thumb Industries (XCNQ:GTII) Price-to-Tangible-Book : 6.46 (As of May. 01, 2024)

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What is Green Thumb Industries Price-to-Tangible-Book?

As of today (2024-05-01), Green Thumb Industries's share price is C$21.16. Green Thumb Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$3.27. Hence, Green Thumb Industries's Price to Tangible Book Ratio of today is 6.46.

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

XCNQ:GTII' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.84 Med: 10.52 Max: 65.93
Current: 6.47

During the past 13 years, Green Thumb Industries's highest Price to Tangible Book Ratio was 65.93. The lowest was 0.84. And the median was 10.52.

XCNQ:GTII's Price-to-Tangible-Book is ranked worse than
79.79% of 871 companies
in the Drug Manufacturers industry
Industry Median: 2.34 vs XCNQ:GTII: 6.47

A closely related ratio is called PB Ratio. As of today, Green Thumb Industries's share price is C$21.16. Green Thumb Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$9.71. Hence, Green Thumb Industries's P/B Ratio of today is 2.18.

Green Thumb Industries Price-to-Tangible-Book Historical Data

The historical data trend for Green Thumb Industries'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.

Green Thumb Industries Price-to-Tangible-Book Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

65.93

42.65

16.49

4.28

4.54

Green Thumb Industries Quarterly Data
	Mar19	Jun19	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															4.28	3.46	3.26	4.69	4.54

Competitive Comparison of Green Thumb Industries's Price-to-Tangible-Book

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries'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.

Green Thumb Industries's Price-to-Tangible-Book Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Green Thumb Industries's Price-to-Tangible-Book falls into.

Green Thumb Industries Price-to-Tangible-Book Calculation

Green Thumb Industries's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	21.16	/	3.274
	=	6.46

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.

Green Thumb Industries Price-to-Tangible-Book Related Terms

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

Green Thumb Industries (XCNQ:GTII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 87 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM.