Envoy Medical (Envoy Medical) Price-to-Tangible-Book : (As of May. 23, 2024)

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What is Envoy Medical Price-to-Tangible-Book?

As of today (2024-05-23), Envoy Medical's share price is $3.05. Envoy Medical's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $-0.38. Hence, Envoy Medical's Price to Tangible Book Ratio of today is .

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

COCH's Price-to-Tangible-Book is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 2.69
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Envoy Medical's share price is $3.05. Envoy Medical's Book Value per Sharefor the quarter that ended in Mar. 2024 was $-0.38. Hence, Envoy Medical's P/B Ratio of today is .

Envoy Medical Price-to-Tangible-Book Historical Data

The historical data trend for Envoy Medical'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.

Envoy Medical Price-to-Tangible-Book Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Envoy Medical's Price-to-Tangible-Book

For the Medical Devices subindustry, Envoy Medical'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.

Envoy Medical's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Envoy Medical's Price-to-Tangible-Book distribution charts can be found below:

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

Envoy Medical Price-to-Tangible-Book Calculation

Envoy Medical's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	3.05	/	-0.378
	=

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Envoy Medical Price-to-Tangible-Book Related Terms

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

Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.