As of today (2024-05-21), Forian's share price is $2.669. Forian's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $0.85. Hence, Forian's Price to Tangible Book Ratio of today is 3.13.
The historical rank and industry rank for Forian's Price-to-Tangible-Book or its related term are showing as below:
FORA'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.72 Med: 24.99 Max: 292.67
Current: 3.14
During the past 5 years, Forian's highest Price to Tangible Book Ratio was 292.67. The lowest was 2.72. And the median was 24.99.
FORA's Price-to-Tangible-Book is ranked better than 52.39% of 481
companies
in the Healthcare Providers & Services industry
Industry Median: 3.28
vs FORA: 3.14
A closely related ratio is called PB Ratio. As of today, Forian's share price is $2.669. Forian's Book Value per Sharefor the quarter that ended in Mar. 2024 was $0.85. Hence, Forian's P/B Ratio of today is 3.13.
Forian Price-to-Tangible-Book Historical Data
The historical data trend for Forian'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.
Competitive Comparison of Forian's Price-to-Tangible-Book
For the Health Information Services subindustry, Forian'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.
Forian's Price-to-Tangible-Book Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Forian's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Forian's Price-to-Tangible-Book falls into.
Forian Price-to-Tangible-Book Calculation
Forian's price-to-tangible-book ratio for today is calculated as:
* 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.
Forian Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Forian's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Forian Inc provides a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance for customers within the traditional and emerging life sciences, healthcare payer and provider segments, as well as cannabis dispensaries, manufacturers, cultivators, and regulators.
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