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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-06), Artelo Biosciences's share price is $1.4399. Artelo Biosciences's Book Value per Share for the quarter that ended in Mar. 2024 was $2.96. Hence, Artelo Biosciences's PB Ratio of today is 0.49.
The historical rank and industry rank for Artelo Biosciences's PB Ratio or its related term are showing as below:
During the past 10 years, Artelo Biosciences's highest PB Ratio was 7.54. The lowest was 0.00. And the median was 0.00.
During the past 12 months, Artelo Biosciences's average Book Value Per Share Growth Rate was -52.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -31.90% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Artelo Biosciences was 115.50% per year. The lowest was -34.70% per year. And the median was -2.80% per year.
The historical data trend for Artelo Biosciences's PB Ratio 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.
Artelo Biosciences Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Dec22 | Dec23 | |||||||||||
PB Ratio | Get a 7-Day Free Trial | 1.20 | 1.24 | 1.86 | 0.43 | 0.38 |
Artelo Biosciences Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
PB Ratio | Get a 7-Day Free Trial | 0.38 | 0.35 | 0.32 | 0.38 | 0.50 |
For the Biotechnology subindustry, Artelo Biosciences's PB Ratio, along with its competitors' market caps and PB Ratio 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.
For the Biotechnology industry and Healthcare sector, Artelo Biosciences's PB Ratio distribution charts can be found below:
* The bar in red indicates where Artelo Biosciences's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Artelo Biosciences's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Mar. 2024) |
= | 1.4399 | / | 2.955 | |
= | 0.49 |
* 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:
PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Artelo Biosciences (NAS:ARTL) PB Ratio Explanation
Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Thank you for viewing the detailed overview of Artelo Biosciences's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory D. Gorgas | director, officer: See Remarks | 888 PROSPECT, SUITE 210, LA JOLLA CA 92037 |
Tamara A Seymour | director | C/O SIGNAL GENETICS, INC., 5740 FLEET STREET, CARLSBAD CA 92008 |
Gregory Reyes | director | 200 CONNELL DRIVE, SUITE 1500, BERKELEY HEIGHTS NJ 07922 |
Matsui Connie | director | 3030 CALLAN RD, SAN DIEGO CA 92121 |
John W Beck | director | C/O RITTER PHARMACEUTICALS, INC., 1880 CENTURY PARK EAST, SUITE 1000, LOS ANGELES CA 90067 |
Robert Martin Emanuele | director | |
David J Moss | 10 percent owner | C/O PEGASI ENERGY RESOURCES CORPORATION, 218 N. BROADWAY, SUITE 204, TYLER TX 75702 |
Georgia Erbez | director | 6300 DUMBARTON CIRCLE, FREMONT CA 94555 |
Steven Kelly | director | C/O INNOVIVE PHARMACEUTICALS, INC., 555 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10022 |
Douglas Blayney | director | C/O ARTELO BIOSCIENCES, INC., 888 PROSPECT ST, SUITE 210, LA JOLLA CA 92037 |
Peter Michael O'brien | 10 percent owner | C/O ARTELO BIOSCIENCES, INC., 888 PROSPECT ST, SUITE 210, LA JOLLA CA 92037 |
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