Green Thumb Industries (XCNQ:GTII) PB Ratio : 1.86 (As of May. 04, 2024)

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What is Green Thumb Industries PB Ratio?

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 (2024-05-04), Green Thumb Industries's share price is C$18.05. Green Thumb Industries's Book Value per Share for the quarter that ended in Dec. 2023 was C$9.71. Hence, Green Thumb Industries's PB Ratio of today is 1.86.

The historical rank and industry rank for Green Thumb Industries's PB Ratio or its related term are showing as below:

XCNQ:GTII' s PB Ratio Range Over the Past 10 Years
Min: 0.93 Med: 2.35 Max: 10.33
Current: 1.9

During the past 13 years, Green Thumb Industries's highest PB Ratio was 10.33. The lowest was 0.93. And the median was 2.35.

XCNQ:GTII's PB Ratio is ranked better than
51.67% of 960 companies
in the Drug Manufacturers industry
Industry Median: 1.97 vs XCNQ:GTII: 1.90

During the past 12 months, Green Thumb Industries's average Book Value Per Share Growth Rate was 1.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 21.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 72.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Green Thumb Industries was 198.00% per year. The lowest was -70.70% per year. And the median was -10.80% per year.

Back to Basics: PB Ratio

Green Thumb Industries PB Ratio Historical Data

The historical data trend for Green Thumb Industries'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.

* Premium members only.

Green Thumb Industries PB Ratio Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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2.39

5.70

3.18

1.25

1.53

Green Thumb Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.25	1.06	1.05	1.55	1.53

Competitive Comparison of Green Thumb Industries's PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries'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.

Green Thumb Industries's PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Green Thumb Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Green Thumb Industries's PB Ratio falls into.

Green Thumb Industries PB Ratio Calculation

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.

Green Thumb Industries's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	18.05	/	9.705
	=	1.86

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.

Green Thumb Industries (XCNQ:GTII) 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.

Green Thumb Industries PB Ratio Related Terms

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Green Thumb Industries (XCNQ:GTII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 87 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM.