Heartbeam Inc
NASDAQ:BEAT

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Heartbeam Inc
NASDAQ:BEAT
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Price: 0.9037 USD 1.29% Market Closed
Market Cap: $37.1m

P/B

13.9
Current
78%
More Expensive
vs 3-y average of 7.8

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
13.9
=
Market Cap
$48.1m
/
Total Equity
$2.6m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
13.9
=
Market Cap
$48.1m
/
Total Equity
$2.6m

Valuation Scenarios

Heartbeam Inc is trading above its 3-year average

If P/B returns to its 3-Year Average (7.8), the stock would be worth $0.51 (44% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-82%
Maximum Upside
No Upside Scenarios
Average Downside
65%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 13.9 $0.9
0%
3-Year Average 7.8 $0.51
-44%
5-Year Average 5.9 $0.38
-58%
Industry Average 3.1 $0.2
-78%
Country Average 2.5 $0.16
-82%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
US
Heartbeam Inc
NASDAQ:BEAT
36.3m USD 13.9 -1.7
US
Intuitive Surgical Inc
NASDAQ:ISRG
171.2B USD 9.6 60
US
Abbott Laboratories
NYSE:ABT
158.3B USD 3 25.2
US
Stryker Corp
NYSE:SYK
125.3B USD 5.6 38.6
IE
Medtronic PLC
NYSE:MDT
106.9B USD 2.2 23.2
US
Boston Scientific Corp
NYSE:BSX
92B USD 3.8 25.8
DE
Siemens Healthineers AG
XETRA:SHL
40B EUR 2.2 18.9
US
Edwards Lifesciences Corp
NYSE:EW
48.9B USD 4.7 44.6
US
IDEXX Laboratories Inc
NASDAQ:IDXX
45.1B USD 28.1 42.6
US
Becton Dickinson and Co
NYSE:BDX
43.3B USD 1.7 24.7
US
Resmed Inc
NYSE:RMD
32B USD 5.1 21.6

Market Distribution

Higher than 91% of companies in the United States of America
Percentile
91th
Based on 10 946 companies
91th percentile
13.9
Low
0 — 1.5
Typical Range
1.5 — 4.8
High
4.8 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 1.5
Median 2.5
70th Percentile 4.8
Max 147 580.5

Heartbeam Inc
Glance View

Market Cap
37.1m USD
Industry
Health Care

HeartBeam, Inc. is a development stage company, which engages in cardiovascular diagnostic technology. The company is headquartered in Santa Clara, California and currently employs 5 full-time employees. The company went IPO on 2021-10-14. The company specializes in cardiovascular diagnostic technology. The company is primarily focused on telemedicine solutions that enable the detection and monitoring of cardiac disease outside a healthcare facility setting. The company focuses on providing diagnostic data to help physicians with care management of patients with cardiovascular disease. The company delivers remote diagnostic and monitoring technologies that can be used for patients anywhere for ambulatory and emergency room (ER) use. Its telehealth product is comprised of a credit card-sized Electrocardiogram (ECG) machine and a cloud-based diagnostic software system. The company is applying its platform technology to create a software tool for detecting heart attacks in the ED environment. This software tool is designed to enable emergency physicians to diagnose heart attacks. Its credit card sized cardiac electrical signal collection device captures cardiac signals that represent projections of the heart vector.

BEAT Intrinsic Value
0.9985 USD
Undervaluation 9%
Intrinsic Value
Price $0.9037
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