Alpha Tau Medical (Alpha Tau Medical) Price-to-Tangible-Book : 2.02 (As of May. 06, 2024)

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What is Alpha Tau Medical Price-to-Tangible-Book?

As of today (2024-05-06), Alpha Tau Medical's share price is $2.45. Alpha Tau Medical's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.21. Hence, Alpha Tau Medical's Price to Tangible Book Ratio of today is 2.02.

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

DRTS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.02 Med: 2.28 Max: 2.48
Current: 2.02

During the past 5 years, Alpha Tau Medical's highest Price to Tangible Book Ratio was 2.48. The lowest was 2.02. And the median was 2.28.

DRTS's Price-to-Tangible-Book is ranked better than
63.67% of 1222 companies
in the Biotechnology industry
Industry Median: 2.73 vs DRTS: 2.02

A closely related ratio is called PB Ratio. As of today, Alpha Tau Medical's share price is $2.45. Alpha Tau Medical's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.21. Hence, Alpha Tau Medical's P/B Ratio of today is 2.02.

Alpha Tau Medical Price-to-Tangible-Book Historical Data

The historical data trend for Alpha Tau 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.

Alpha Tau Medical Price-to-Tangible-Book Chart

Alpha Tau Medical Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.08

2.48

Alpha Tau Medical Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial										2.08	2.00	3.28	2.93	2.48

Competitive Comparison of Alpha Tau Medical's Price-to-Tangible-Book

For the Biotechnology subindustry, Alpha Tau 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.

Alpha Tau Medical's Price-to-Tangible-Book Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Alpha Tau Medical's Price-to-Tangible-Book distribution charts can be found below:

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

Alpha Tau Medical Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.45	/	1.212
	=	2.02

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.

Alpha Tau Medical Price-to-Tangible-Book Related Terms

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

Alpha Tau Medical (Alpha Tau Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Alpha Tau Medical Ltd (NAS:DRTS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Kiryat Hamada Street, Building B3, 4th Floor, Jerusalem, ISR, 9777605

Website

https://www.alphatau.com

Alpha Tau Medical Ltd is a clinical-stage oncology therapeutics company focused on harnessing the innate relative biological effectiveness and short range of alpha particles for use as localized radiation therapy for solid tumors.