Adastra Holdings (XCNQ:XTRX) Price-to-Tangible-Book : 4.18 (As of May. 23, 2024)

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What is Adastra Holdings Price-to-Tangible-Book?

As of today (2024-05-23), Adastra Holdings's share price is C$0.205. Adastra Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.05. Hence, Adastra Holdings's Price to Tangible Book Ratio of today is 4.18.

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

XCNQ:XTRX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.48 Med: 5.21 Max: 7.61
Current: 4.1

During the past 5 years, Adastra Holdings's highest Price to Tangible Book Ratio was 7.61. The lowest was 2.48. And the median was 5.21.

XCNQ:XTRX's Price-to-Tangible-Book is ranked worse than
73.18% of 865 companies
in the Drug Manufacturers industry
Industry Median: 2.32 vs XCNQ:XTRX: 4.10

A closely related ratio is called PB Ratio. As of today, Adastra Holdings's share price is C$0.205. Adastra Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.26. Hence, Adastra Holdings's P/B Ratio of today is 0.78.

Adastra Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Adastra Holdings'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.

Adastra Holdings Price-to-Tangible-Book Chart

Adastra Holdings Annual Data

Trend

Apr19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

5.92

7.61

2.48

4.49

Adastra Holdings Quarterly Data
	Oct18	Oct19	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													2.48	5.46	4.13	3.57	4.49

Competitive Comparison of Adastra Holdings's Price-to-Tangible-Book

For the Drug Manufacturers - Specialty & Generic subindustry, Adastra Holdings'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.

Adastra Holdings's Price-to-Tangible-Book Distribution in the Drug Manufacturers Industry

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

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

Adastra Holdings Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.205	/	0.049
	=	4.18

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.

Adastra Holdings Price-to-Tangible-Book Related Terms

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

Adastra Holdings (XCNQ:XTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adastra Holdings Ltd (XCNQ:XTRX) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

XTXXF:USA D2E:Germany

Address

275th Street, Suite 5451, Langley, BC, CAN, V4W 3X8

Website

https://www.adastraholdings.ca

Adastra Holdings Ltd is an extraction and processing solutions company. It aims to develop and deploy large-scale cannabis and hemp extraction technologies and provide turnkey processing solutions to help licensed standard and micro-cultivators maximize the value of every harvest. The company has two operating segments comprised of manufacturing and non-manufacturing operations. The manufacturing operations include the manufacturing, sale, and distribution of cannabis-related products, and the non-manufacturing operations include PerceiveMD.

Executives

Lachlan Clyde Mcleod

Senior Officer

Adastra Holdings (XCNQ:XTRX) Headlines

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