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Tsubota Laboratory (TSE:4890) PB Ratio : 6.94 (As of May. 22, 2024)


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What is Tsubota Laboratory PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-22), Tsubota Laboratory's share price is 円371.00. Tsubota Laboratory's Book Value per Share for the quarter that ended in Dec. 2023 was 円53.45. Hence, Tsubota Laboratory's PB Ratio of today is 6.94.

The historical rank and industry rank for Tsubota Laboratory's PB Ratio or its related term are showing as below:

TSE:4890' s PB Ratio Range Over the Past 10 Years
Min: 4.5   Med: 9.16   Max: 26.17
Current: 7.09

During the past 5 years, Tsubota Laboratory's highest PB Ratio was 26.17. The lowest was 4.50. And the median was 9.16.

TSE:4890's PB Ratio is ranked worse than
87.71% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 2.26 vs TSE:4890: 7.09

During the past 12 months, Tsubota Laboratory's average Book Value Per Share Growth Rate was -30.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 26.70% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Tsubota Laboratory was 80.30% per year. The lowest was 26.70% per year. And the median was 53.50% per year.

Back to Basics: PB Ratio


Tsubota Laboratory PB Ratio Historical Data

The historical data trend for Tsubota Laboratory's PB Ratio 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.

Tsubota Laboratory PB Ratio Chart

Tsubota Laboratory Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
PB Ratio
- - - 10.76 6.62

Tsubota Laboratory Quarterly Data
Mar20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.76 9.65 7.67 8.14 6.62

Competitive Comparison of Tsubota Laboratory's PB Ratio

For the Medical Devices subindustry, Tsubota Laboratory's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Tsubota Laboratory's PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tsubota Laboratory's PB Ratio distribution charts can be found below:

* The bar in red indicates where Tsubota Laboratory's PB Ratio falls into.



Tsubota Laboratory PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Tsubota Laboratory's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=371.00/53.454
=6.94

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Tsubota Laboratory  (TSE:4890) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Tsubota Laboratory PB Ratio Related Terms

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Tsubota Laboratory (TSE:4890) Business Description

Traded in Other Exchanges
N/A
Address
34 Shinanomachi, 304 Toshin Shinanomachi-ekimae Building, Shinjuku-ku, Tokyo, JPN, 160-0016
Tsubota Laboratory Inc is engaged in the research and development of pharmaceuticals and medical devices for the treatment of myopia, dry eyes, and presbyopia.

Tsubota Laboratory (TSE:4890) Headlines

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