Sipai Health Technology Co (HKSE:00314) Price-to-Tangible-Book : 2.84 (As of May. 14, 2024)

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What is Sipai Health Technology Co Price-to-Tangible-Book?

As of today (2024-05-14), Sipai Health Technology Co's share price is HK$6.20. Sipai Health Technology Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$2.18. Hence, Sipai Health Technology Co's Price to Tangible Book Ratio of today is 2.84.

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

HKSE:00314' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.84 Med: 5.34 Max: 7.51
Current: 2.84

During the past 3 years, Sipai Health Technology Co's highest Price to Tangible Book Ratio was 7.51. The lowest was 2.84. And the median was 5.34.

HKSE:00314's Price-to-Tangible-Book is ranked worse than
74.39% of 82 companies
in the Medical Distribution industry
Industry Median: 1.505 vs HKSE:00314: 2.84

A closely related ratio is called PB Ratio. As of today, Sipai Health Technology Co's share price is HK$6.20. Sipai Health Technology Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$2.33. Hence, Sipai Health Technology Co's P/B Ratio of today is 2.67.

Sipai Health Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for Sipai Health Technology Co'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.

Sipai Health Technology Co Price-to-Tangible-Book Chart

Sipai Health Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

7.51

3.16

Sipai Health Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	-	-	7.51	3.14	3.16

Competitive Comparison of Sipai Health Technology Co's Price-to-Tangible-Book

For the Medical Distribution subindustry, Sipai Health Technology Co'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.

Sipai Health Technology Co's Price-to-Tangible-Book Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Sipai Health Technology Co's Price-to-Tangible-Book distribution charts can be found below:

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

Sipai Health Technology Co Price-to-Tangible-Book Calculation

Sipai Health Technology Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	6.20	/	2.183
	=	2.84

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.

Sipai Health Technology Co Price-to-Tangible-Book Related Terms

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

Sipai Health Technology Co (HKSE:00314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sipai Health Technology Co Ltd (HKSE:00314) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AX1:Germany

Address

No. 1888, Caoyang Road, 7/F, Building 3, Xingguangyao Plaza, Putuo District, Shanghai, CHN

Website

https://www.medbankshealthtech.com

Sipai Health Technology Co Ltd is a medical technology and health management company in China. It has three reportable operating segments: Specialty Pharmacy Business - operation and distribution of specialty pharmacy stores and pharmaceutical products; Physician Research Assistance Business - offering pharmaceutical companies and other clinical trial institutions site management organization services; Health Insurance Services Business - rendering insurance brokerage services to insurance companies. The company generates key revenue from Specialty Pharmacy Business. Almost all of the company's revenues were derived from operations in the PRC.

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