Hesai Group (FRA:ZN80) Price-to-Tangible-Book : 1.09 (As of May. 26, 2024)

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What is Hesai Group Price-to-Tangible-Book?

As of today (2024-05-26), Hesai Group's share price is €4.04. Hesai Group's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was €3.69. Hence, Hesai Group's Price to Tangible Book Ratio of today is 1.09.

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

FRA:ZN80' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.16 Med: 2.14 Max: 2.47
Current: 1.16

During the past 5 years, Hesai Group's highest Price to Tangible Book Ratio was 2.47. The lowest was 1.16. And the median was 2.14.

FRA:ZN80's Price-to-Tangible-Book is ranked better than
63.04% of 1196 companies
in the Vehicles & Parts industry
Industry Median: 1.65 vs FRA:ZN80: 1.16

A closely related ratio is called PB Ratio. As of today, Hesai Group's share price is €4.04. Hesai Group's Book Value per Sharefor the quarter that ended in Mar. 2024 was €3.81. Hence, Hesai Group's P/B Ratio of today is 1.06.

Hesai Group Price-to-Tangible-Book Historical Data

The historical data trend for Hesai Group'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.

Hesai Group Price-to-Tangible-Book Chart

Hesai Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.09

Hesai Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial								-	-	2.41	2.09	1.26

Competitive Comparison of Hesai Group's Price-to-Tangible-Book

For the Auto Parts subindustry, Hesai Group'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.

Hesai Group's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hesai Group's Price-to-Tangible-Book distribution charts can be found below:

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

Hesai Group Price-to-Tangible-Book Calculation

Hesai Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	4.04	/	3.692
	=	1.09

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.

Hesai Group Price-to-Tangible-Book Related Terms

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

Hesai Group (FRA:ZN80) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hesai Group (FRA:ZN80) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

HSAI:USA ZN80:Germany

Address

1588 Zhuguang Road, 9th Floor, Building L2-B, Qingpu District, Shanghai, CHN, 201702

Website

https://www.hesaitech.com

Hesai Group is engaged in the development, manufacture, and sales of three dimensional light detection and ranging solutions, or LiDAR. Its LiDAR products enable a broad spectrum of applications across passenger or commercial vehicles with advanced driver assistance systems, or ADAS, autonomous vehicle fleets providing passenger and freight mobility services, or Autonomous Mobility, and other applications such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas, or Robotics. The Group organized its operations into two segments: the LiDAR segment and the gas detection segment.

Hesai Group (FRA:ZN80) Headlines

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