As of today (2024-05-12), 908 Devices's share price is $5.70. 908 Devices's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $4.23. Hence, 908 Devices's Price to Tangible Book Ratio of today is 1.35.
The historical rank and industry rank for 908 Devices's Price-to-Tangible-Book or its related term are showing as below:
MASS'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.35 Med: 2.89 Max: 11.17
Current: 1.35
During the past 6 years, 908 Devices's highest Price to Tangible Book Ratio was 11.17. The lowest was 1.35. And the median was 2.89.
MASS's Price-to-Tangible-Book is ranked better than 76.9% of 697
companies
in the Medical Devices & Instruments industry
Industry Median: 2.77
vs MASS: 1.35
908 Devices Price-to-Tangible-Book Historical Data
The historical data trend for 908 Devices'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.
Competitive Comparison of 908 Devices's Price-to-Tangible-Book
For the Medical Devices subindustry, 908 Devices'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.
908 Devices's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, 908 Devices's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where 908 Devices's Price-to-Tangible-Book falls into.
908 Devices Price-to-Tangible-Book Calculation
908 Devices's price-to-tangible-book ratio for today is calculated as:
* 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 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.
908 Devices Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of 908 Devices's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
908 Devices Inc manufactures medical devices. It has developed an innovative suite of purpose-built handheld and desktop mass spectrometry, or Mass Spec, devices for the point-of-need. Mass Spec devices are used at the point-of-need to interrogate unknown and invisible materials and provide quick, actionable answers to directly address some of the most critical problems in life sciences research, bioprocessing, industrial biotech, forensics, and adjacent markets.
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