Promimic AB (OSTO:PRO) Price-to-Tangible-Book : 11.13 (As of May. 28, 2024)

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What is Promimic AB Price-to-Tangible-Book?

As of today (2024-05-28), Promimic AB's share price is kr34.30. Promimic AB's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was kr3.08. Hence, Promimic AB's Price to Tangible Book Ratio of today is 11.13.

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

OSTO:PRO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.1 Med: 7.12 Max: 11.14
Current: 11.14

During the past 5 years, Promimic AB's highest Price to Tangible Book Ratio was 11.14. The lowest was 3.10. And the median was 7.12.

OSTO:PRO's Price-to-Tangible-Book is ranked worse than
87.77% of 703 companies
in the Medical Devices & Instruments industry
Industry Median: 2.75 vs OSTO:PRO: 11.14

A closely related ratio is called PB Ratio. As of today, Promimic AB's share price is kr34.30. Promimic AB's Book Value per Sharefor the quarter that ended in Mar. 2024 was kr3.91. Hence, Promimic AB's P/B Ratio of today is 8.77.

Promimic AB Price-to-Tangible-Book Historical Data

The historical data trend for Promimic AB'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.

Promimic AB Price-to-Tangible-Book Chart

Promimic AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

3.22

9.95

Promimic AB Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial								4.53	7.12	8.18	9.95	9.99

Competitive Comparison of Promimic AB's Price-to-Tangible-Book

For the Medical Devices subindustry, Promimic AB'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.

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

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

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

Promimic AB Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	34.30	/	3.083
	=	11.13

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.

Promimic AB Price-to-Tangible-Book Related Terms

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