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Cargo Therapeutics (Cargo Therapeutics) Price-to-Tangible-Book : 2.02 (As of Jun. 05, 2024)


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What is Cargo Therapeutics Price-to-Tangible-Book?

As of today (2024-06-05), Cargo Therapeutics's share price is $19.18. Cargo Therapeutics's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $9.48. Hence, Cargo Therapeutics's Price to Tangible Book Ratio of today is 2.02.

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

CRGX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2   Med: 2.35   Max: 2.35
Current: 2.02

During the past 3 years, Cargo Therapeutics's highest Price to Tangible Book Ratio was 2.35. The lowest was 2.00. And the median was 2.35.

CRGX's Price-to-Tangible-Book is ranked better than
64.46% of 1221 companies
in the Biotechnology industry
Industry Median: 2.78 vs CRGX: 2.02

A closely related ratio is called PB Ratio. As of today, Cargo Therapeutics's share price is $19.18. Cargo Therapeutics's Book Value per Sharefor the quarter that ended in Mar. 2024 was $9.48. Hence, Cargo Therapeutics's P/B Ratio of today is 2.02.


Cargo Therapeutics Price-to-Tangible-Book Historical Data

The historical data trend for Cargo Therapeutics'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.

Cargo Therapeutics Price-to-Tangible-Book Chart

Cargo Therapeutics Annual Data
Trend Dec21 Dec22 Dec23
Price-to-Tangible-Book
- - 2.35

Cargo Therapeutics Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only - - - 2.35 2.35

Competitive Comparison of Cargo Therapeutics's Price-to-Tangible-Book

For the Biotechnology subindustry, Cargo Therapeutics'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.


Cargo Therapeutics's Price-to-Tangible-Book Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Cargo Therapeutics's Price-to-Tangible-Book distribution charts can be found below:

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



Cargo Therapeutics Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=19.18/9.48
=2.02

* 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.


Cargo Therapeutics Price-to-Tangible-Book Related Terms

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


Cargo Therapeutics (Cargo Therapeutics) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
1900 Alameda De Las Pulgas, Suite 350, San Mateo, CA, USA, 94403
Cargo Therapeutics Inc is a clinical-stage biotechnology company positioned to advance next generation, potentially curative cell therapies for cancer patients. It programs, platform technologies, and manufacturing strategy are designed to directly address the key limitations of approved cell therapies, including limited durability of effect, suboptimal safety and unreliable supply. Their lead program, CRG-022, is a novel CAR T-cell product candidate designed to address resistance mechanisms by targeting CD22, an alternate tumor antigen that is expressed in a vast majority of B-cell malignancies.

Cargo Therapeutics (Cargo Therapeutics) Headlines