As of today (2024-04-19), IT Tech Packaging's share price is $0.2223. IT Tech Packaging's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $8.63. Hence, IT Tech Packaging's Price to Tangible Book Ratio of today is 0.03.
The historical rank and industry rank for IT Tech Packaging's Price-to-Tangible-Book or its related term are showing as below:
ITP'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.18
Current: 0.03
During the past 13 years, IT Tech Packaging's highest Price to Tangible Book Ratio was 0.18. The lowest was 0.03. And the median was 0.12.
ITP's Price-to-Tangible-Book is ranked better than 99.64% of 280
companies
in the Forest Products industry
Industry Median: 0.995
vs ITP: 0.03
A closely related ratio is called PB Ratio. As of today, IT Tech Packaging's share price is $0.2223. IT Tech Packaging's Book Value per Sharefor the quarter that ended in Dec. 2023 was $16.72. Hence, IT Tech Packaging's P/B Ratio of today is 0.01.
IT Tech Packaging Price-to-Tangible-Book Historical Data
The historical data trend for IT Tech Packaging'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.
* Premium members only.
IT Tech Packaging Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
0.13
0.10
0.11
0.04
0.04
IT Tech Packaging Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Price-to-Tangible-Book
0.04
0.03
0.04
0.03
0.04
Competitive Comparison
For the Paper & Paper Products subindustry, IT Tech Packaging'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.
IT Tech Packaging Price-to-Tangible-Book Distribution
For the Forest Products industry and Basic Materials sector, IT Tech Packaging's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where IT Tech Packaging's Price-to-Tangible-Book falls into.
IT Tech Packaging Price-to-Tangible-Book Calculation
IT Tech Packaging'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.
IT Tech Packaging Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of IT Tech Packaging's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
IT Tech Packaging (IT Tech Packaging) Business Description
IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.
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