Myomo (FRA:0M61) Price-to-Tangible-Book : 10.60 (As of May. 23, 2024)

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What is Myomo Price-to-Tangible-Book?

As of today (2024-05-23), Myomo's share price is €3.69. Myomo's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was €0.35. Hence, Myomo's Price to Tangible Book Ratio of today is 10.60.

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

FRA:0M61' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.62 Med: 2.67 Max: 16.7
Current: 11.18

During the past 8 years, Myomo's highest Price to Tangible Book Ratio was 16.70. The lowest was 0.62. And the median was 2.67.

FRA:0M61's Price-to-Tangible-Book is ranked worse than
87.32% of 702 companies
in the Medical Devices & Instruments industry
Industry Median: 2.69 vs FRA:0M61: 11.18

A closely related ratio is called PB Ratio. As of today, Myomo's share price is €3.69. Myomo's Book Value per Sharefor the quarter that ended in Mar. 2024 was €0.35. Hence, Myomo's P/B Ratio of today is 10.60.

Myomo Price-to-Tangible-Book Historical Data

The historical data trend for Myomo'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.

Myomo Price-to-Tangible-Book Chart

Myomo Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

3.10

0.33

15.46

Myomo 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															1.28	1.08	2.69	15.46	9.08

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

For the Medical Devices subindustry, Myomo'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.

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

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

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

Myomo Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	3.69	/	0.348
	=	10.60

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.

Myomo Price-to-Tangible-Book Related Terms

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

Myomo (FRA:0M61) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Myomo Inc (FRA:0M61) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MYO:USA 0M61:Germany

Address

137 Portland Street, 4th Floor, Boston, MA, USA, 02114

Website

https://www.myomo.com

Myomo Inc is a wearable medical robotics company that develops, designs, and produces myoelectric orthotics for people with neuromuscular disorders. The MyoPro myoelectric upper limb orthosis product is registered with the Food and Drug Administration as a Class II medical device. The Company provides the device to patients and bills their insurance companies directly, sometimes utilizing the clinical services of orthotics and prosthetics providers for which a fee is paid. The Company sells the product to orthotics and prosthetics providers around the world and the Veterans Health Administration (VA).

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