Price to Book is defined as:
Price/Book = Market Cap / Common Equity
Applying this formula, Sunshine Biopharma’s Price/Book is calculated below:
Market Capitalization [ $4.199 M ]
(/) Common Equity [ $25.026 M ]
(=) Price/Book [ 0.2x ]
Price / Book (P/B) also known as the price-to-book ratio, or P/B ratio, is a financial ratio that compares a company’s current market cap to its book value. It is the inverse of Book to Market and the same as Market Cap / Book Value.
The tables below summarizes the trend in Sunshine Biopharma’s price/book over the last five years:
| Date |
Market Cap |
Book Value |
Price/Book |
| 2019-12-31 |
253.192 T |
-785.385 T |
−0.3 |
| 2020-12-31 |
8.406 M |
-1.055 M |
−8.0 |
| 2021-12-31 |
-2.654 M |
111.662 T |
−23.8 |
| 2022-12-31 |
7.74 M |
21.627 M |
0.4 |
| 2023-12-31 |
6.732 M |
21.206 M |
0.3 |
Click the link below to download a spreadsheet with an example Price/Book calculation for Sunshine Biopharma Inc below: