Icad Price to Book Value from 2010 to 2023

ICAD Stock  USD 1.28  0.03  2.40%   
Icad Price to Book Value is increasing over the years with slightly volatile fluctuation. Ongoing Price to Book Value is projected to grow to 6.47 this year. During the period from 2010 to 2023 Icad Price to Book Value anual values regression line had geometric mean of 4.22 and mean square error of  49.47. Icad Income Tax Expense is projected to decrease significantly based on the last few years of reporting. The past year's Income Tax Expense was at 900.00.
  
Check Icad financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Icad main balance sheet or income statement drivers, such as Direct Expenses of 8.1 M, Cost of Revenue of 8.3 M or Gross Profit of 21.2 M, as well as many exotic indicators such as Interest Coverage of 0.28, Long Term Debt to Equity of 0.21 or PPandE Turnover of 30.94. Icad financial statements analysis is a perfect complement when working with Icad Valuation or Volatility modules. It can also supplement Icad's financial leverage analysis and stock options assessment as well as various Icad Technical models . Check out the analysis of Icad Correlation against competitors. For information on how to trade Icad Stock refer to our How to Trade Icad Stock guide.

Icad Quarterly Price to Book Value

1.413

Icad Price to Book Value Breakdown

Showing smoothed Price to Book Value of Icad Inc with missing and latest data points interpolated. Measures the ratio between Market Capitalization and [EquityUSD].Icad's Price to Book Value historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Icad's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 1.11 X10 Years Trend
Up
Slightly volatile
   Price to Book Value   
       Timeline  

Icad Price to Book Value Regression Statistics

Arithmetic Mean6.13
Geometric Mean4.22
Coefficient Of Variation118.57
Mean Deviation4.36
Median3.98
Standard Deviation7.27
Sample Variance52.88
Range27.76
R-Value0.37
Mean Square Error49.47
R-Squared0.14
Significance0.19
Slope0.64
Total Sum of Squares687.40

Icad Price to Book Value History

2023 6.47
2022 4.47
2021 3.89
2020 9.94
2019 29.66
2018 9.0
2017 3.98
2016 2.07
2015 2.48
2014 2.27
2013 5.92

About Icad Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Icad income statement, its balance sheet, and the statement of cash flows. Icad investors use historical funamental indicators, such as Icad's Price to Book Value, to determine how well the company is positioned to perform in the future. Although Icad investors may use each financial statement separately, they are all related. The changes in Icad's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Icad's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Icad Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Icad. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Price to Book Value 4.47  6.47 
Enterprise Value168.2 M153.4 M
Tangible Asset Value61.1 M50.9 M

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Check out the analysis of Icad Correlation against competitors. For information on how to trade Icad Stock refer to our How to Trade Icad Stock guide. Note that the Icad Inc information on this page should be used as a complementary analysis to other Icad's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running Icad Inc price analysis, check to measure Icad's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Icad is operating at the current time. Most of Icad's value examination focuses on studying past and present price action to predict the probability of Icad's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Icad's price. Additionally, you may evaluate how the addition of Icad to your portfolios can decrease your overall portfolio volatility.
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Is Icad's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icad. If investors know Icad will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.58) 
Revenue Per Share
1.163
Quarterly Revenue Growth
(0.32) 
Return On Assets
(0.15) 
Return On Equity
(0.34) 
The market value of Icad Inc is measured differently than its book value, which is the value of Icad that is recorded on the company's balance sheet. Investors also form their own opinion of Icad's value that differs from its market value or its book value, called intrinsic value, which is Icad's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icad's market value can be influenced by many factors that don't directly affect Icad's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icad's value and its price as these two are different measures arrived at by different means. Investors typically determine Icad value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icad's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.