Profound Medical (TSX:PRN) Price-to-Tangible-Book : 4.00 (As of May. 26, 2024)

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

As of today (2024-05-26), Profound Medical's share price is C$10.08. Profound Medical's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$2.52. Hence, Profound Medical's Price to Tangible Book Ratio of today is 4.00.

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

TSX:PRN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.54 Med: 4.28 Max: 19.41
Current: 4

During the past 10 years, Profound Medical's highest Price to Tangible Book Ratio was 19.41. The lowest was 1.54. And the median was 4.28.

TSX:PRN's Price-to-Tangible-Book is ranked worse than
64.01% of 703 companies
in the Medical Devices & Instruments industry
Industry Median: 2.7 vs TSX:PRN: 4.00

A closely related ratio is called PB Ratio. As of today, Profound Medical's share price is C$10.08. Profound Medical's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$2.54. Hence, Profound Medical's P/B Ratio of today is 3.97.

Profound Medical Price-to-Tangible-Book Historical Data

The historical data trend for Profound 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.

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Profound Medical Price-to-Tangible-Book Chart

Profound Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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14.22

4.45

3.03

4.34

5.76

Profound Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															4.02	6.20	5.66	5.76	4.54

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

For the Medical Devices subindustry, Profound 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.

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

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

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

Profound Medical Price-to-Tangible-Book Calculation

Profound 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 )
	=	10.08	/	2.517
	=	4.00

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.

Profound Medical Price-to-Tangible-Book Related Terms

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

Profound Medical (TSX:PRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Profound Medical Corp (TSX:PRN) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

PROF:USA

Address

2400 Skymark Avenue, Unit 6, Mississauga, ON, CAN, L4W 5K5

Website

https://www.profoundmedical.com

Profound Medical Corp is a commercial-stage medical device company focused on the development and marketing of customizable, incision-free therapeutic systems for the image-guided ablation of diseased tissue utilizing its platform technologies and leveraging the healthcare system's existing imaging infrastructure. The company's product TULSA-PRO system combines real-time MRI, robotically driven transurethral sweeping-action thermal ultrasound with closed-loop temperature feedback control for the ablation of prostate tissue. The product is comprised of one-time-use devices and durable equipment that are used in conjunction with a customer's existing MRI scanner.

Executives

Abbey Klair Goodman

Senior Officer