Glossary

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Price to Tangible Book Ratio PTB

Fundamental Analysis

Price to Tangible Book Ratio (PTB) is a financial ratio that compares a company*s market value per share to its tangible book value per share. The PTB ratio is often used in Fundamental Analysis to determine whether a company*s stock is undervalued or overvalued.

Tangible book value refers to a company*s book value minus any intangible assets, such as patents or goodwill. The PTB ratio helps to determine the value of a company*s tangible assets. A low PTB ratio may indicate that investors can purchase shares of the company at a discount compared to its tangible assets, suggesting that the stock is undervalued. On the other hand, a high PTB ratio may indicate that the stock is overvalued compared to its tangible assets.

The formula to calculate PTB ratio is:

PTB ratio = Market price per share / Tangible book value per share

The market price per share is the current stock price of the company in the market. The tangible book value per share is the company*s book value minus any intangible assets, divided by the number of shares outstanding.

The PTB ratio is just one of many financial ratios that investors can use to evaluate a company*s stock. It is important to consider other factors such as earnings, dividends, debt, and cash flows in addition to the PTB ratio when making investment decisions.

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Health Care Term Letter: P
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Insurance Term Letter: P
Panelboards
Oriented strand board, particleboard, medium density fibreboard and plywood. Operating Statistics

Manufacturing Term Letter: P
Partial Remission PR
A decrease in the size of a tumor, or in the extent of cancer in the body, in response to treatment.

Health Care Term Letter: P
Particleboard
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Manufacturing Term Letter: P
Particulate Matter
Total suspended particulate. A measure of the solid particles (wood, process dust and smoke) found in air emissions.

Manufacturing Term Letter: P
Particulates
Tiny particles of a substance.

Manufacturing Term Letter: P
Passenger Load Factor
Represents the total number of seats sold as a percentage of total seat capacity on all sectors flown. Airline Industry

Transportation Term Letter: P
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The amount of passenger revenue earned per revenue passenger mile during a reporting period Airline Industry

Transportation Term Letter: P
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Transportation Term Letter: P
Passive Immunotherapy
Immunologically active material transferred into the patient as a passive recipient. Monoclonal antibodies are considered Passive Immunotherapy since antibodies are generated outside the body and given to the patient

Health Care Term Letter: P
Patent Term Extension
means an extension of up to five years in the term of a US patent relating to a drug which compensates for delays in marketing resulting from the need to obtain FDA approval.

Health Care Term Letter: P

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