As of today (2024-04-26), AXT's share price is $2.97. AXT's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $4.49. Hence, AXT's Price to Tangible Book Ratio of today is 0.66.
The historical rank and industry rank for AXT's Price-to-Tangible-Book or its related term are showing as below:
AXTI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.53 Med: 0.95 Max: 2.14
Current: 0.66
During the past 13 years, AXT's highest Price to Tangible Book Ratio was 2.14. The lowest was 0.53. And the median was 0.95.
AXTI's Price-to-Tangible-Book is ranked better than 93.67% of 948
companies
in the Semiconductors industry
Industry Median: 2.57
vs AXTI: 0.66
A closely related ratio is called PB Ratio. As of today, AXT's share price is $2.97. AXT's Book Value per Sharefor the quarter that ended in Dec. 2023 was $4.53. Hence, AXT's P/B Ratio of today is 0.66.
AXT Price-to-Tangible-Book Historical Data
The historical data trend for AXT's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of AXT's Price-to-Tangible-Book
For the Semiconductor Equipment & Materials subindustry, AXT's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AXT's Price-to-Tangible-Book Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, AXT's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where AXT's Price-to-Tangible-Book falls into.
AXT Price-to-Tangible-Book Calculation
AXT's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
AXT Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of AXT's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
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