Cochlear (Cochlear) Price-to-Tangible-Book : 15.42 (As of May. 02, 2024)

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What is Cochlear Price-to-Tangible-Book?

As of today (2024-05-02), Cochlear's share price is $208.00. Cochlear's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $13.49. Hence, Cochlear's Price to Tangible Book Ratio of today is 15.42.

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

CHEOF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 10.07 Med: 30.6 Max: 49.21
Current: 16.22

During the past 13 years, Cochlear's highest Price to Tangible Book Ratio was 49.21. The lowest was 10.07. And the median was 30.60.

CHEOF's Price-to-Tangible-Book is ranked worse than
93.02% of 702 companies
in the Medical Devices & Instruments industry
Industry Median: 2.695 vs CHEOF: 16.22

A closely related ratio is called PB Ratio. As of today, Cochlear's share price is $208.00. Cochlear's Book Value per Sharefor the quarter that ended in Dec. 2023 was $18.16. Hence, Cochlear's P/B Ratio of today is 11.45.

Cochlear Price-to-Tangible-Book Historical Data

The historical data trend for Cochlear'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.

Cochlear Price-to-Tangible-Book Chart

Cochlear Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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39.59

12.77

12.02

9.82

11.27

Cochlear Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															10.73	9.82	10.07	11.27	14.72

Competitive Comparison of Cochlear's Price-to-Tangible-Book

For the Medical Devices subindustry, Cochlear'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.

Cochlear's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Cochlear's Price-to-Tangible-Book distribution charts can be found below:

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

Cochlear Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	208.00	/	13.485
	=	15.42

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.

Cochlear Price-to-Tangible-Book Related Terms

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

Cochlear (Cochlear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Cochlear Ltd (OTCPK:CHEOF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CHEOY:USA OC5:Germany COH:Australia

Address

1 University Avenue, Macquarie University, Sydney, NSW, AUS, 2109

Website

https://www.cochlear.com

Cochlear is the leading cochlear implant device manufacturer with around 60% global market share. Developed markets contribute 80% of group revenue where cochlear implants are the standard of care for children with severe to profound hearing loss. The company also actively targets the growing cohort of seniors in developed markets. Tender-oriented emerging markets contribute the remaining 20% of group revenue. Main products include cochlear implants, bone-anchored hearing aids, and associated sound processors. In fiscal 2020, 49% of revenue came from the Americas, 35% from Europe, the Middle East, and Africa, and 16% from the Asia-Pacific segment.