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Akoustis Technologies (Akoustis Technologies) Price-to-Tangible-Book : 1.79 (As of May. 04, 2024)


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What is Akoustis Technologies Price-to-Tangible-Book?

As of today (2024-05-04), Akoustis Technologies's share price is $0.60. Akoustis Technologies's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.34. Hence, Akoustis Technologies's Price to Tangible Book Ratio of today is 1.79.

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

AKTS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.41   Med: 7.31   Max: 55.58
Current: 1.76

During the past 11 years, Akoustis Technologies's highest Price to Tangible Book Ratio was 55.58. The lowest was 1.41. And the median was 7.31.

AKTS's Price-to-Tangible-Book is ranked better than
58.35% of 2305 companies
in the Hardware industry
Industry Median: 2.04 vs AKTS: 1.76

A closely related ratio is called PB Ratio. As of today, Akoustis Technologies's share price is $0.60. Akoustis Technologies's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.71. Hence, Akoustis Technologies's P/B Ratio of today is 0.84.


Akoustis Technologies Price-to-Tangible-Book Historical Data

The historical data trend for Akoustis Technologies'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.

Akoustis Technologies Price-to-Tangible-Book Chart

Akoustis Technologies Annual Data
Trend Jul14 Jun15 Mar16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.55 7.69 4.70 2.45 4.07

Akoustis Technologies 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 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.61 3.15 4.07 1.41 2.48

Competitive Comparison of Akoustis Technologies's Price-to-Tangible-Book

For the Communication Equipment subindustry, Akoustis Technologies'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.


Akoustis Technologies's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Akoustis Technologies's Price-to-Tangible-Book distribution charts can be found below:

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



Akoustis Technologies Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=0.60/0.336
=1.79

* 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.


Akoustis Technologies Price-to-Tangible-Book Related Terms

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


Akoustis Technologies (Akoustis Technologies) Business Description

Traded in Other Exchanges
Address
9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078
Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.
Executives
David Aichele officer: VP of Business Development 9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Kenneth Boller officer: Interim CFO 9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Steven Denbaars director 9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Michelle Petock director 9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Jeffrey B. Shealy director, 10 percent owner, officer: Chief Executive Officer 9805 NORTHCROSS CENTER CT, SUITE A, HUNTERSVILLE NC 28078
James Michael Mcguire director 9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Suzanne B Rudy director 7628 THORNDIKE RD, GREENSBORO NC 27409
Arthur Geiss director 9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Rohan Houlden officer: Chief Product Officer 9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 27078
Jeffrey Mcmahon director 9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Jerry D Neal director
Steven P Miller director C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
John T Kurtzweil director C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746
Mark N. Tompkins 10 percent owner APP. 1, VIA GUIDINO 23, LUGANO-PARADISO V8 6900
Mark Boomgarden officer: Vice President of Operations 9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078