The historical rank and industry rank for Tenon Medical's Price-to-Tangible-Book or its related term are showing as below:
TNON'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.14 Med: 4.06 Max: 10.92
Current: 8.41
During the past 4 years, Tenon Medical's highest Price to Tangible Book Ratio was 10.92. The lowest was 1.14. And the median was 4.06.
TNON's Price-to-Tangible-Book is ranked worse than 82.88% of 701
companies
in the Medical Devices & Instruments industry
Industry Median: 2.69
vs TNON: 8.41
Tenon Medical Price-to-Tangible-Book Historical Data
The historical data trend for Tenon 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.
Competitive Comparison of Tenon Medical's Price-to-Tangible-Book
For the Medical Devices subindustry, Tenon 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.
Tenon Medical's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Tenon Medical's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Tenon Medical's Price-to-Tangible-Book falls into.
Tenon Medical Price-to-Tangible-Book Calculation
Tenon Medical'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.
Tenon Medical Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Tenon Medical's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Tenon Medical (Tenon Medical) Business Description
Tenon Medical Inc is a medical device company that has developed a novel, minimally invasive approach to the sacroiliac joint (the SI Joint) using a single, robust, titanium implant for the treatment of the common types of SI Joint disorders that cause lower back pain. The company derives the majority of its revenue from sales of The Catamaran System to a limited number of clinicians.
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