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NovaBay Pharmaceuticals, Inc. develops and sells eyecare and wound care products in the United States and internationally. It offers Avenova Spray, a solution for removing foreign materials, including...
The following section summarizes insights on NovaBay Pharmaceuticals Inc's P/E Ratio (Adjusted):
We've identified the following companies as similar to NovaBay Pharmaceuticals Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to P/E Ratio (Adjusted) in the valuation category include:
Indicates the multiple of earnings, adjusted for usual items, that stock investors are willing to pay for one share of the firm.
Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is valuation multiple that is defined as:
P/E Ratio = Market Capitalization / Net Income
or, using per-share numbers:
P/E Ratio = Stock Price / Earnings Per Share (EPS)
P/E Ratio indicates the multiple of earnings investors are willing to pay for one share of the company. PE Multiples are widely used in practice even though they have significant pitfalls.
Since Earnings Per Share (EPS), defined as Net Income / Shares Outstanding, uses a Net Income in the calculation, P/E multiples are not always reliable for benchmarking companies with negative earnings or debt.
One reason why P/E ratios can be unreliable is because the ratio assumes a company’s equity has value. In practice, a company’s total Firm Value may be less than the debt on its Balance Sheet, with no value allocatable to the common equity. P/E ratios also do not adjust for differences in capital structure between companies. P/E conundrum by Khan Academy does a great job of explaining these pitfalls.
Read more about net income to common, adjusted and market cap
The chart above depicts the distribution of p/e ratio (adjusted) for companies operating in the Healthcare sector in the Developed economic region. Over 2,455 companies were considered in this analysis, and 2,362 had meaningful values. The average p/e ratio (adjusted) of companies in the sector is 0.5x with a standard deviation of 19.0x.
NovaBay Pharmaceuticals Inc's P/E Ratio (Adjusted) of NA ranks in the - percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,460 |
| Included Constituents | 2,362 |
| Min | -93.7x |
| Max | 86.6x |
| Median | -1.3x |
| Mean | 0.5x |
| Standard Deviation | 19.0x |
You can find companies with similar p/e ratio (adjusted) using this stock screener.