Tecan Group AG (XSWX:TECN) PB Ratio : 3.10 (As of May. 06, 2024)

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What is Tecan Group AG 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 (2024-05-06), Tecan Group AG's share price is CHF326.60. Tecan Group AG's Book Value per Share for the quarter that ended in Dec. 2023 was CHF105.52. Hence, Tecan Group AG's PB Ratio of today is 3.10.

The historical rank and industry rank for Tecan Group AG's PB Ratio or its related term are showing as below:

XSWX:TECN' s PB Ratio Range Over the Past 10 Years
Min: 2.43 Med: 4.03 Max: 9.63
Current: 3.1

During the past 13 years, Tecan Group AG's highest PB Ratio was 9.63. The lowest was 2.43. And the median was 4.03.

XSWX:TECN's PB Ratio is ranked worse than
63.85% of 794 companies
in the Medical Devices & Instruments industry
Industry Median: 2.27 vs XSWX:TECN: 3.10

During the past 12 months, Tecan Group AG's average Book Value Per Share Growth Rate was -1.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 19.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 18.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 14.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tecan Group AG was 30.40% per year. The lowest was -1.40% per year. And the median was 11.70% per year.

Back to Basics: PB Ratio

Tecan Group AG PB Ratio Historical Data

The historical data trend for Tecan Group AG'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.

Tecan Group AG PB Ratio Chart

Tecan Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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4.90

7.07

5.75

3.87

3.25

Tecan Group AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															5.75	2.68	3.87	3.27	3.25

Competitive Comparison of Tecan Group AG's PB Ratio

For the Medical Instruments & Supplies subindustry, Tecan Group AG'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.

Tecan Group AG's PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tecan Group AG's PB Ratio distribution charts can be found below:

* The bar in red indicates where Tecan Group AG's PB Ratio falls into.

Tecan Group AG 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.

Tecan Group AG's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	326.60	/	105.523
	=	3.10

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.

Tecan Group AG (XSWX:TECN) 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.

Tecan Group AG PB Ratio Related Terms

Thank you for viewing the detailed overview of Tecan Group AG's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tecan Group AG (XSWX:TECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tecan Group AG (XSWX:TECN) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

TCGGY:USA TCHBF:USA TECNz:UK

Address

Seestrasse 103, Mannedorf, CHE, 8708

Website

https://www.tecan.com

Tecan Group AG sells automated laboratory instruments and solutions for the diagnostics and life science research markets. The firm operates in two segments; Life Sciences Business (end-customer business) segment supplies end users with automated workflow solutions directly. These solutions include laboratory instruments, software packages, application know-how, services, consumables, and spare parts, and Partnering Business (OEM business) segment develops and manufactures OEM instruments and components that are distributed by partner companies under their own names. A majority proportion of Tecan's revenue is generated in the Americas and Europe.

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