United-Guardian, Inc. Financial Ratios — UG Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	34.78	36.13	44.12	28.34	31.79	18.34	31.29	39.83	44.18	31.5	46.18	26.92	24.99	27.94	18.22
Return on Assets (%)	32.16	33.18	40.01	25.64	29.13	16.9	27.74	34.27	38.24	27.22	38.56	22.46	21.91	24.33	15.65
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	31.06	31.62	36.77	26.58	29.87	16.68	28.74	39.78	39.6	27.57	44.4	33.59	22.05	24.83	15.49
Gross Margin (%)	60.59	62.25	63.61	60.46	62.86	54.69	59.12	60.26	58.4	55.65	58.74	52.78	49.66	53.03	48.75
EBITDA Margin (%)	44.57	45.95	48.59	42.17	46.17	33.19	41.92	42.93	40.97	34.6	41.73	32.86	27.27	30.72	22.3
Operating Margin (%)	42.79	44.11	47.36	40.83	44.93	31.45	40.37	41.5	39.68	33.1	40.68	31.79	26.3	29.94	21.27
Incremental Operating Margin (%)	175.12	7.23	75.61	92.04	144.21	89.93	84.24	72.11	-119.78	67.35	69	132.39	64.75	60.44	85.76
Pretax Margin (%)	47.92	50.1	55.99	42.79	47.3	34.3	42.8	40.65	44.34	37.88	42.2	25.42	29.86	33.73	25.06
Profit Margin (%)	32.89	34.94	38.29	30.12	32.89	23.95	29.64	32.37	35.01	30.08	33.44	20.23	23.71	26.69	19.97
Net Income to Common Margin (%)	32.89	34.94	38.29	30.12	32.89	23.95	29.64	32.37	35.01	30.08	33.44	20.23	23.71	26.69	19.97
Effective Tax Rate (%)	31.36	30.26	31.61	29.62	30.47	30.17	30.74	20.37	21.04	20.57	20.75	20.39	20.59	20.87	20.33
Dvd Payout Ratio (%)	77.96	129.4	75.53	90.78	99.62	133.15	169.27	110.66	106.05	108.4	111.41	121.56	17.8	84.79	131.39
Sustainable Growth Rate (%)	7.67	-10.62	10.8	2.61	0.12	-6.08	-21.67	-4.25	-2.67	-2.64	-5.27	-5.8	20.55	4.25	-5.72

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.17	-0.28	-0.22	-0.36	-0.17	-0.12	-0.13	-0.1	-0.19	-0.16	-0.09	-0.2	-2.78	-0.5	-0.53
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.18	-0.29	-0.22	-0.37	-0.17	-0.13	-0.14	-0.1	-0.19	-0.16	-0.09	-0.21	-2.88	-0.51	-0.56
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	92.29	91.34	90.12	90.83	92.49	91.78	85.04	87.09	86.01	86.86	80.22	87.09	88.13	86.12	85.68
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-7.73	-13.62	-11.48	-13.73	-7.41	-3.07	-6.36	-5.04	-9.86	-5.71	-5.41	-8.96	-72.38	-15.78	-11.14
Net Debt/Capital (%)	-8.4	-16.02	-13.11	-16.25	-8.05	-3.21	-7.1	-5.3	-10.94	-6.06	-5.72	-9.84	-262.06	-18.74	-12.53
EBITDA	6	6	7	6	6	4	5	6	6	4	6	4	3	4	2
EBITDA-CapEx	6	6	7	6	6	3	5	6	5	4	6	4	3	3	2
Operating Income (Loss)	6	6	7	5	6	3	5	6	5	4	6	4	3	4	2

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	9.64	11.47	8.43	11.71	11.94	10.17	5.94	5.98	5.89	5.79	3.49	4.72	5.93	4.91	5.14
Current Ratio	12.97	15.25	11.49	15.04	14.69	13.11	8.33	8.55	8.61	7.95	4.95	7.26	7.99	6.62	7.31
Quick Ratio	11.18	13.33	9.91	13.34	12.88	11.7	7.28	7.21	7.46	6.77	4.27	5.76	6.95	5.66	6.09
CFO/Avg Current Liab	4.22	5.65	5.6	4.04	5.3	2.25	3.23	3.55	3.3	2.61	2.83	1.36	2.16	2.01	1.1
Common Equity/Total Assets	92.29	91.34	90.12	90.83	92.49	91.78	85.04	87.09	86.01	86.86	80.22	87.09	88.13	86.12	85.68
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	388.57	526.88	410.27	372.75	470	218.98	274.15	305.63	258.75	229.52	219.47	183.82	204.95	181.06	104.81
CFO/CapEx	16.16	21.32	20.13	82.08	83.1	13.74	104.65	66.01	39.34	82.83	45.66	33.59	18.98	8	33.34
Altman's Z-Score	41.36	57.82	59.67	49.74	52.22	44.59	39.49	35.83	36	29.39	23.37	25.52	16.69	17.61	12.53

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	10.45	10.35	10.98	7.95	11.08	8.51	7.4	7.52	7.21	6.3	8.7	7.84	7.27	8.13	6.99
Days Sales Outstanding	34.93	35.26	33.24	45.92	32.94	42.89	49.3	48.56	50.61	57.91	41.94	46.58	50.2	44.87	52.18
Inventory Turnover	4.05	3.85	3.93	3.73	4.11	3.83	4.08	3.79	4.19	3.7	4.07	3.89	3.78	4.28	3.65
Days Inventory Outstanding	90.08	94.77	92.81	97.74	88.78	95.29	89.38	96.41	87.08	98.62	89.74	93.83	96.44	85.34	99.95
Accounts Payable Turnover	19.05	18.1	22.26	18.77	44.2	53.94	24.64	20.27	41.77	98.29	25.95	28.36	61.03	21.27	12.06
Accounts Payable Turnover Days	19.16	20.16	16.39	19.45	8.26	6.77	14.81	18	8.74	3.71	14.07	12.87	5.98	17.16	30.28
Cash Conversion Cycle	105.84	109.87	109.66	124.21	113.47	131.42	123.87	126.97	128.95	152.82	117.62	127.53	140.66	113.05	121.86
Inventory to Cash Days	-55.15	-59.51	-59.57	-51.82	-55.84	-52.4	-40.08	-47.84	-36.47	-40.71	-47.81	-47.25	-46.23	-40.47	-47.77
Inventories	1	1	2	1	1	1	1	1	1	1	1	2	1	1	2
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	70	90	130	91	88	71	85	84	90	66	76	48	33	44	28
- Cash & Cash Equivalents	1	2	2	2	1	- -	1	1	1	1	1	1	8	2	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	60	81	119	80	76	61	77	76	82	58	67	41	24	35	20
Total Capital	14	13	14	14	15	14	11	11	11	10	10	9	11	12	11
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	4.16	5.85	7.72	5.93	5.44	5.62	5.9	5.64	6.06	5.27	4.84	3.27	2.2	2.83	1.87
EV/EBITDA	9.34	12.74	15.89	14.06	11.78	16.93	14.08	13.14	14.78	15.23	11.6	9.94	8.08	9.22	8.39
EV/EBIT	9.73	13.27	16.3	14.52	12.1	17.87	14.62	13.59	15.26	15.92	11.89	10.27	8.38	9.47	8.79
EV/Cash Flow to Firm	13.46	15.04	20.5	17.79	14.65	26.44	19.17	15.32	18.4	16.1	12.69	16.43	7.63	9.96	10.03
EV/Free Cash Flow to Firm	12.67	14.37	19.53	17.58	14.48	24.65	18.99	15.09	17.94	15.91	12.42	15.95	7.25	8.85	9.74
Diluted Market Cap	70	90	130	91	88	71	85	84	90	66	76	48	33	44	28
Diluted Enterprise Value	69	89	128	89	87	71	84	83	89	65	75	47	25	42	27
EV per Share	12.99	17.6	25.9	17.35	16.58	13.18	16.66	16.56	17.93	12.6	14.67	9.03	5.22	7.51	4.29
TTM Sales	14	14	15	13	14	11	13	13	14	11	14	13	11	12	11
TTM EBITDA	6	6	7	6	6	4	5	6	6	4	6	4	3	4	2
TTM Operating Income	6	6	7	5	6	3	5	6	5	4	6	4	3	4	2
TTM Cash Flow to Firm	4	5	6	4	5	2	4	5	4	4	5	3	3	3	2
TTM Free Cash Flow to Firm	5	6	6	5	5	2	4	5	5	4	5	3	3	4	2

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	14.88	16.05	21.26	20.1	16.72	28.98	21.09	16.72	19.67	18.16	13.92	18.45	9.99	11.26	13.97
EV/EBIT	9.73	13.27	16.3	14.52	12.1	17.87	14.62	13.59	15.26	15.92	11.89	10.27	8.38	9.47	8.79
Enterprise Value	60	81	119	80	76	61	77	76	82	58	67	41	24	35	20
Low Price	12.5	14.91	18.5	18.76	17.55	13.52	13.75	15.51	17.74	10.65	13.68	10.12	5.79	7.02	5.58
EV/Sales	4.16	5.85	7.72	5.93	5.44	5.62	5.9	5.64	6.06	5.27	4.84	3.27	2.2	2.83	1.87
EV/EBITDA	9.34	12.74	15.89	14.06	11.78	16.93	14.08	13.14	14.78	15.23	11.6	9.94	8.08	9.22	8.39
Price/Earnings	14.86	18.72	21.94	22.5	19.1	27.59	22.11	19.31	18.96	19.99	16.22	18.67	12.81	13.51	13.44
Price/Earnings Average	14.29	17.29	18.82	29.56	19.23	30.85	19.41	19.03	18.7	21.18	14.83	29.06	15.6	14.37	18.15
Price/Earnings High	15.25	22.76	23.35	40	22.91	41.81	25.49	21.4	20.16	28.78	18.73	46.65	22.27	22.97	26.14
Price/Earnings Low	12.18	14.19	14.4	21.29	17.5	24.07	16.43	16.33	17.12	14.8	13.49	18.09	10.31	9.92	12.17
Price/Book Value	4.98	7.14	9.18	6.3	6.06	5.22	7.78	7.69	8.49	6.38	7.7	5.18	2.9	3.7	2.52
Price/Book Value Average	4.79	6.6	7.88	8.27	6.1	5.84	6.83	7.58	8.37	6.76	7.03	8.06	3.54	3.93	3.4
Price/Book Value High	5.11	8.69	9.77	11.19	7.27	7.91	8.97	8.53	9.03	9.18	8.88	12.94	5.05	6.28	4.9
Price/Book Value Low	4.08	5.41	6.03	5.96	5.56	4.55	5.78	6.5	7.67	4.73	6.4	5.02	2.34	2.71	2.28
Price/Tangible Book Value	4.97	7.04	9.1	6.18	6.03	5.15	7.46	7.71	8.5	6.38	7.7	5.18	2.9	3.7	2.52
Price/Tangible Book Value Average	4.78	6.5	7.8	8.12	6.07	5.76	6.55	7.6	8.38	6.76	7.03	8.06	3.54	3.93	3.4
Price/Tangible Book Value High	5.1	8.56	9.68	10.99	7.24	7.81	8.6	8.55	9.04	9.18	8.88	12.94	5.05	6.28	4.9
Price/Tangible Book Value Low	4.07	5.34	5.97	5.85	5.53	4.49	5.54	6.52	7.68	4.73	6.4	5.02	2.34	2.71	2.28
Price/Sales	4.89	6.54	8.4	6.78	6.28	6.61	6.55	6.25	6.64	6.01	5.43	3.78	3.04	3.61	2.68
Price/Sales Average	4.7	6.04	7.21	8.9	6.32	7.39	5.75	6.16	6.55	6.37	4.96	5.88	3.7	3.84	3.62
Price/Sales High	5.02	7.95	8.94	12.05	7.53	10.01	7.56	6.93	7.06	8.66	6.26	9.44	5.28	6.13	5.22
Price/Sales Low	4.01	4.96	5.52	6.41	5.76	5.76	4.87	5.28	5.99	4.45	4.51	3.66	2.44	2.65	2.43
Price/Cash Flow	15.8	16.8	22.31	20.34	16.92	31.09	21.29	16.97	20.17	18.38	14.22	18.99	10.52	12.67	14.39
Price/Cash Flow Average	15.19	15.52	19.13	26.72	17.03	34.77	18.69	16.73	19.89	19.48	13	29.57	12.8	13.48	19.44
Price/Cash Flow High	16.21	20.43	23.75	36.16	20.29	47.12	24.55	18.81	21.44	26.46	16.42	47.47	18.28	21.54	27.98
Price/Cash Flow Low	12.95	12.74	14.65	19.24	15.51	27.12	15.82	14.35	18.21	13.61	11.83	18.41	8.46	9.3	13.03
Price/Free Cash Flow Average	14.3	14.83	18.23	26.4	16.83	32.41	18.51	16.48	19.4	19.24	12.72	28.71	12.16	11.98	18.87
Price/Free Cash Flow High	15.27	19.52	22.62	35.72	20.05	43.92	24.31	18.53	20.91	26.14	16.07	46.1	17.36	19.15	27.17
Price/Free Cash Flow Low	12.19	12.17	13.95	19.01	15.32	25.28	15.67	14.14	17.76	13.45	11.58	17.88	8.04	8.27	12.65
EV/Sales Average	4.62	5.91	7.1	8.75	6.25	7.35	5.7	6.12	6.47	6.32	4.92	5.81	2.94	3.68	3.51
EV/Sales High	4.94	7.83	8.84	11.9	7.46	9.97	7.5	6.89	6.98	8.6	6.23	9.37	4.52	5.97	5.1
EV/Sales Low	3.93	4.83	5.41	6.26	5.68	5.72	4.82	5.24	5.92	4.4	4.47	3.6	1.69	2.49	2.31
EV/EBITDA Average	10.37	12.87	14.61	20.75	13.53	22.14	13.59	14.25	15.79	18.26	11.79	17.69	10.79	11.98	15.72
EV/EBITDA High	11.08	17.03	18.18	28.21	16.15	30.06	17.89	16.04	17.04	24.86	14.92	28.53	16.58	19.45	22.87
EV/EBITDA Low	8.82	10.51	11.13	14.85	12.3	17.25	11.49	12.22	14.44	12.72	10.72	10.94	6.18	8.12	10.37
EV/EBIT Average	10.81	13.41	14.99	21.43	13.9	23.37	14.11	14.74	16.3	19.09	12.1	18.29	11.18	12.3	16.48
EV/EBIT High	11.55	17.74	18.66	29.14	16.6	31.71	18.58	16.59	17.59	25.99	15.3	29.48	17.2	19.96	23.98
EV/EBIT Low	9.19	10.95	11.42	15.34	12.64	18.2	11.93	12.64	14.91	13.29	11	11.31	6.41	8.33	10.87
Last Price	15.25	19.67	28.18	19.83	19.15	15.5	18.5	18.34	19.65	14.38	16.45	10.44	7.2	9.56	6.16
High Price	15.65	23.92	29.99	35.25	22.97	23.49	21.33	20.33	20.89	20.7	18.99	26.09	12.51	16.25	11.98
Enterprise Value Average	66	82	109	118	87	79	74	82	88	69	69	74	32	45	37
Enterprise Value High	71	108	136	160	104	107	97	93	95	95	87	119	49	73	54
Enterprise Value Low	56	67	83	84	80	62	62	71	80	48	62	46	18	30	24

Shares Outstanding	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Diluted Weighted Avg Shares	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Basic Weighted Avg Shares	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Revenue per Share	3.12	3.01	3.35	2.93	3.05	2.35	2.82	2.93	2.96	2.39	3.03	2.76	2.37	2.65	2.3
EBITDA per Share	1.39	1.38	1.63	1.23	1.41	0.78	1.18	1.26	1.21	0.83	1.27	0.91	0.65	0.81	0.51
Operating Income per Share	1.33	1.33	1.59	1.19	1.37	0.74	1.14	1.22	1.17	0.79	1.23	0.88	0.62	0.79	0.49
Basic EPS, GAAP	1.03	1.05	1.28	0.88	1	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	0.46
Basic EPS from Cont Ops	1.03	1.05	1.28	0.88	1	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	0.46
Diluted EPS, GAAP	1.03	1.05	1.28	0.88	1	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	0.46
Diluted EPS from Cont Ops	1.03	1.05	1.28	0.88	1	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	0.46
Dividend per Share	0.8	1.36	0.97	0.8	1	0.75	1.42	1.05	1.1	0.78	1.13	0.68	0.1	0.6	0.6
Cash Flow per Share	0.97	1.17	1.26	0.97	1.13	0.5	0.87	1.08	0.97	0.78	1.16	0.55	0.68	0.75	0.43
Free Cash Flow per Basic Share	0.91	1.12	1.2	0.96	1.12	0.46	0.86	1.06	0.95	0.77	1.13	0.53	0.65	0.66	0.42
Cash & Equivalents per Share	2.26	2.07	2.28	2.48	2.57	2.32	1.84	1.78	1.72	1.78	1.78	1.41	1.98	2.05	1.87
Book Value per Share	3.06	2.75	3.07	3.15	3.16	2.97	2.38	2.38	2.31	2.25	2.14	2.02	2.48	2.59	2.44
Tangible Book Value per Share	3.07	2.79	3.1	3.21	3.17	3.01	2.48	2.38	2.31	2.25	2.14	2.02	2.48	2.59	2.44

United-Guardian, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)