Polytronics Technology (TPE:6224) Price-to-Tangible-Book : 1.89 (As of Apr. 30, 2024)

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What is Polytronics Technology Price-to-Tangible-Book?

As of today (2024-04-30), Polytronics Technology's share price is NT$53.60. Polytronics Technology's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was NT$28.35. Hence, Polytronics Technology's Price to Tangible Book Ratio of today is 1.89.

The historical rank and industry rank for Polytronics Technology's Price-to-Tangible-Book or its related term are showing as below:

TPE:6224' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.84 Med: 2.37 Max: 4.05
Current: 1.89

During the past 13 years, Polytronics Technology's highest Price to Tangible Book Ratio was 4.05. The lowest was 1.84. And the median was 2.37.

TPE:6224's Price-to-Tangible-Book is ranked better than
55.11% of 2308 companies
in the Hardware industry
Industry Median: 2.04 vs TPE:6224: 1.89

A closely related ratio is called PB Ratio. As of today, Polytronics Technology's share price is NT$53.60. Polytronics Technology's Book Value per Sharefor the quarter that ended in Dec. 2023 was NT$30.20. Hence, Polytronics Technology's P/B Ratio of today is 1.77.

Polytronics Technology Price-to-Tangible-Book Historical Data

The historical data trend for Polytronics Technology'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.

Polytronics Technology Price-to-Tangible-Book Chart

Polytronics Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.48

3.40

4.05

1.99

2.03

Polytronics Technology 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	Get a 7-Day Free Trial															1.99	2.47	2.26	1.89	2.03

Competitive Comparison of Polytronics Technology's Price-to-Tangible-Book

For the Electronic Components subindustry, Polytronics Technology'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.

Polytronics Technology's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Polytronics Technology's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Polytronics Technology's Price-to-Tangible-Book falls into.

Polytronics Technology Price-to-Tangible-Book Calculation

Polytronics Technology's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	53.60	/	28.351
	=	1.89

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Polytronics Technology Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Polytronics Technology's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Polytronics Technology (TPE:6224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Polytronics Technology Corp (TPE:6224) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24-1 Industry E. Road. IV, Hsinchu Science Park, Hsinchu, TWN, 300

Website

https://www.pttc.com.tw

Polytronics Technology Corp, along with its subsidiaries is engaged in the research, development, manufacturing, and sale of polymeric positive temperature coefficient, overvoltage protection elements and its production-related semi-finished goods, modules, heat conductive substrate, thermal module, heat dispersing materials, light emitting diode lighting, and modules. The company is based in the Taiwan region and offers its services to China, America, and other regions.

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