Neuronetics (FRA:NRC) Price-to-Tangible-Book : 2.93 (As of May. 06, 2024)

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What is Neuronetics Price-to-Tangible-Book?

As of today (2024-05-06), Neuronetics's share price is €3.16. Neuronetics's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €1.08. Hence, Neuronetics's Price to Tangible Book Ratio of today is 2.93.

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

FRA:NRC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.38 Med: 2.88 Max: 8.33
Current: 3.22

During the past 8 years, Neuronetics's highest Price to Tangible Book Ratio was 8.33. The lowest was 1.38. And the median was 2.88.

FRA:NRC's Price-to-Tangible-Book is ranked worse than
58.68% of 167 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.57 vs FRA:NRC: 3.22

A closely related ratio is called PB Ratio. As of today, Neuronetics's share price is €3.16. Neuronetics's Book Value per Sharefor the quarter that ended in Dec. 2023 was €1.08. Hence, Neuronetics's P/B Ratio of today is 2.93.

Neuronetics Price-to-Tangible-Book Historical Data

The historical data trend for Neuronetics'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.

Neuronetics Price-to-Tangible-Book Chart

Neuronetics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.71

8.12

1.26

3.06

2.24

Neuronetics 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															3.06	1.51	1.23	1.07	2.24

Competitive Comparison of Neuronetics's Price-to-Tangible-Book

For the Diagnostics & Research subindustry, Neuronetics'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.

Neuronetics's Price-to-Tangible-Book Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Neuronetics's Price-to-Tangible-Book distribution charts can be found below:

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

Neuronetics Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.16	/	1.078
	=	2.93

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.

Neuronetics Price-to-Tangible-Book Related Terms

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Neuronetics (FRA:NRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Neuronetics Inc (FRA:NRC) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

STIM:USA NRC:Germany

Address

3222 Phoenixville Pike, Malvern, PA, USA, 19355

Website

https://www.neurostar.com

Neuronetics Inc a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders. Its first commercial product, the NeuroStar Advanced Therapy System, is a non-invasive and non-systemic office-based treatment that uses transcranial magnetic stimulation, or TMS, to create a pulsed, MRI-strength magnetic field that induces electrical currents designed to stimulate specific areas of the brain associated with mood. The company designed the NeuroStar Advanced Therapy as a non-invasive therapeutic alternative to treat patients who suffer from MDD and to address many of the key limitations of existing treatment options.