Alcon (ALC) Price-to-Tangible-Book

: 14.67 (As of Today)

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As of today (2024-04-19), Alcon's share price is $78.47. Alcon's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $5.35. Hence, Alcon's Price to Tangible Book Ratio of today is 14.67.

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

ALC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 14.19 Med: 31.29 Max: 163.1
Current: 15.45

During the past 8 years, Alcon's highest Price to Tangible Book Ratio was 163.10. The lowest was 14.19. And the median was 31.29.

ALC's Price-to-Tangible-Book is ranked worse than
93.18% of 704 companies
in the Medical Devices & Instruments industry
Industry Median: 2.565 vs ALC: 15.45

A closely related ratio is called PB Ratio. As of today, Alcon's share price is $78.47. Alcon's Book Value per Sharefor the quarter that ended in Dec. 2023 was $41.81. Hence, Alcon's P/B Ratio of today is 1.88.

Alcon Price-to-Tangible-Book Historical Data

The historical data trend for Alcon'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.

Alcon Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

165.41

39.37

26.92

31.63

14.61

Alcon Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																31.63	-	-	-	14.61

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Alcon'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.

Alcon Price-to-Tangible-Book Distribution

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

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

Alcon Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	78.47	/	5.348
	=	14.67

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.

Alcon Price-to-Tangible-Book Related Terms

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

Alcon (ALC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Alcon Inc (NYSE:ALC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ALC:Mexico ALCz:UK 0A0D:UK ALC:Switzerland

Address

Chemin de Blandonnet 8, Royce Bedward, Vernier, Geneva, CHE, 1214

Website

https://www.alcon.com

Alcon is one of the leading visioncare companies in the world. Following nine years as a Novartis subsidiary, it was spun off as a public company in April 2019. Alcon operates in two segments: visioncare and surgical. Visioncare comprises contact lenses, lenscare solutions, and a suite of ocular health products. With brands like Dailies, Total1, and Air Optix, Alcon controls one fourth of the U.S. contact lens market. Surgical comprises intraocular lenses, ophthalmic surgical equipment, and consumables used during surgeries. Its main products include Centurion, a phacoemulsification device used during cataract surgeries, and a portfolio of IOLs including PanOptix and Vivity. Alcon has one of the largest installed bases of eye surgical equipment in the world.