Ovation Science (XCNQ:OVAT) Price-to-Tangible-Book : (As of Jun. 21, 2024)

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What is Ovation Science Price-to-Tangible-Book?

As of today (2024-06-21), Ovation Science's share price is C$0.045. Ovation Science's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$-0.02. Hence, Ovation Science's Price to Tangible Book Ratio of today is .

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

During the past 7 years, Ovation Science's highest Price to Tangible Book Ratio was 11.67. The lowest was 1.67. And the median was 4.56.

XCNQ:OVAT's Price-to-Tangible-Book is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 2.28
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Ovation Science's share price is C$0.045. Ovation Science's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$-0.02. Hence, Ovation Science's P/B Ratio of today is .

Ovation Science Price-to-Tangible-Book Historical Data

The historical data trend for Ovation Science'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.

Ovation Science Price-to-Tangible-Book Chart

Ovation Science Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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5.41

4.38

2.50

Ovation Science Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Ovation Science's Price-to-Tangible-Book

For the Drug Manufacturers - Specialty & Generic subindustry, Ovation Science'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.

Ovation Science's Price-to-Tangible-Book Distribution in the Drug Manufacturers Industry

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

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

Ovation Science Price-to-Tangible-Book Calculation

Ovation Science's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.045	/	-0.022
	=

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.

Ovation Science Price-to-Tangible-Book Related Terms

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

Ovation Science (XCNQ:OVAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ovation Science Inc (XCNQ:OVAT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

OVATF:USA 0VH:Germany

Address

625 Howe Street, Suite 1140, Vancouver, BC, CAN, V6C 2T6

Website

https://www.ovationscience.com

Ovation Science Inc is a Canada-based company mainly engaged in the business of sub-licensing rights to use Invisicare, a patented drug delivery technology used in topical and transdermal skin products containing hemp seed oil and cannabis products. The company also holds the right to manufacture, distribute, sell, market, sub-license and promote products formulated with Invisicare and containing cannabis products including cannabinoids, hemp seed oil and any synthetic derivatives of cannabis. It also develops formulas for skin product lines including topical and transdermal creams and lotions containing hemp seed oil and cannabis.

Executives

David K. Ryan

Director

Ovation Science (XCNQ:OVAT) Headlines

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