Decibel Cannabis Co (TSXV:DB) Price-to-Tangible-Book : 0.87 (As of May. 27, 2024)

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What is Decibel Cannabis Co Price-to-Tangible-Book?

As of today (2024-05-27), Decibel Cannabis Co's share price is C$0.09. Decibel Cannabis Co's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was C$0.10. Hence, Decibel Cannabis Co's Price to Tangible Book Ratio of today is 0.87.

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

TSXV:DB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.67 Med: 1.69 Max: 13.64
Current: 0.9

During the past 13 years, Decibel Cannabis Co's highest Price to Tangible Book Ratio was 13.64. The lowest was 0.67. And the median was 1.69.

TSXV:DB's Price-to-Tangible-Book is ranked better than
87.25% of 863 companies
in the Drug Manufacturers industry
Industry Median: 2.31 vs TSXV:DB: 0.90

A closely related ratio is called PB Ratio. As of today, Decibel Cannabis Co's share price is C$0.09. Decibel Cannabis Co's Book Value per Sharefor the quarter that ended in Sep. 2023 was C$0.12. Hence, Decibel Cannabis Co's P/B Ratio of today is 0.78.

Decibel Cannabis Co Price-to-Tangible-Book Historical Data

The historical data trend for Decibel Cannabis Co'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.

Decibel Cannabis Co Price-to-Tangible-Book Chart

Decibel Cannabis Co Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

Get a 7-Day Free Trial

4.94

1.96

0.84

1.27

0.95

Decibel Cannabis Co Quarterly Data
	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.71	0.95	1.31	1.26	1.65

Competitive Comparison of Decibel Cannabis Co's Price-to-Tangible-Book

For the Drug Manufacturers - Specialty & Generic subindustry, Decibel Cannabis Co'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.

Decibel Cannabis Co's Price-to-Tangible-Book Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Decibel Cannabis Co's Price-to-Tangible-Book distribution charts can be found below:

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

Decibel Cannabis Co Price-to-Tangible-Book Calculation

Decibel Cannabis Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.09	/	0.103
	=	0.87

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.

Decibel Cannabis Co Price-to-Tangible-Book Related Terms

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

Decibel Cannabis Co (TSXV:DB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Decibel Cannabis Co Inc (TSXV:DB) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

DBCCF:USA

Address

140 - 4th Avenue SW, Suite 1440, Calgary, AB, CAN, T2P 3N3

Website

https://www.decibelcc.com

Decibel Cannabis Co Inc is engaged in the cannabis operations business. It is involved in the production, distribution, and sale of recreational cannabis. All the revenues are generated in Canada. The company's revenue is comprised of wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers as well as the direct sale of products through its retail locations to end customers.