As of today (2024-04-27), Premier's share price is $20.96. Premier's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $8.12. Hence, Premier's Price to Tangible Book Ratio of today is 2.58.
The historical rank and industry rank for Premier's Price-to-Tangible-Book or its related term are showing as below:
PINC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.56 Med: 4.97 Max: 5.46
Current: 2.58
During the past 13 years, Premier's highest Price to Tangible Book Ratio was 5.46. The lowest was 2.56. And the median was 4.97.
PINC's Price-to-Tangible-Book is ranked better than 59.21% of 478
companies
in the Healthcare Providers & Services industry
Industry Median: 3.215
vs PINC: 2.58
A closely related ratio is called PB Ratio. As of today, Premier's share price is $20.96. Premier's Book Value per Sharefor the quarter that ended in Dec. 2023 was $19.95. Hence, Premier's P/B Ratio of today is 1.05.
Premier Price-to-Tangible-Book Historical Data
The historical data trend for Premier'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 Premier's Price-to-Tangible-Book
For the Health Information Services subindustry, Premier'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.
Premier's Price-to-Tangible-Book Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Premier's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Premier's Price-to-Tangible-Book falls into.
Premier Price-to-Tangible-Book Calculation
Premier'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.
Premier Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Premier's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Premier Inc is a Charlotte, North Carolina-based national group purchasing organization providing primary supply chain services to large hospital systems and more recently to alternate outpatient locations as it expands its footprint. Through acquisitions, the company also offers a compliment of advisory services and consulting services along with software-as-a-service-based subscriptions. The company's revenue is all sourced domestically and is reported in two business segments: the core supply chain services (approximately 70% of fiscal 2019 revenue) and the consulting and technology platform of performance services (approximately 30%).
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