MicroPort NeuroTech (HKSE:02172) Price-to-Tangible-Book : 3.67 (As of May. 31, 2024)

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What is MicroPort NeuroTech Price-to-Tangible-Book?

As of today (2024-05-31), MicroPort NeuroTech's share price is HK$9.12. MicroPort NeuroTech's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$2.49. Hence, MicroPort NeuroTech's Price to Tangible Book Ratio of today is 3.67.

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

HKSE:02172' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.32 Med: 6.93 Max: 8.93
Current: 3.66

During the past 5 years, MicroPort NeuroTech's highest Price to Tangible Book Ratio was 8.93. The lowest was 3.32. And the median was 6.93.

HKSE:02172's Price-to-Tangible-Book is ranked worse than
62.25% of 702 companies
in the Medical Devices & Instruments industry
Industry Median: 2.63 vs HKSE:02172: 3.66

A closely related ratio is called PB Ratio. As of today, MicroPort NeuroTech's share price is HK$9.12. MicroPort NeuroTech's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$3.07. Hence, MicroPort NeuroTech's P/B Ratio of today is 2.97.

MicroPort NeuroTech Price-to-Tangible-Book Historical Data

The historical data trend for MicroPort NeuroTech'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.

MicroPort NeuroTech Price-to-Tangible-Book Chart

MicroPort NeuroTech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

8.93

4.93

MicroPort NeuroTech Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	8.93	5.16	4.93

Competitive Comparison of MicroPort NeuroTech's Price-to-Tangible-Book

For the Medical Devices subindustry, MicroPort NeuroTech'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.

MicroPort NeuroTech's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MicroPort NeuroTech's Price-to-Tangible-Book distribution charts can be found below:

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

MicroPort NeuroTech Price-to-Tangible-Book Calculation

MicroPort NeuroTech's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	9.12	/	2.485
	=	3.67

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.

MicroPort NeuroTech Price-to-Tangible-Book Related Terms

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

MicroPort NeuroTech (HKSE:02172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroPort NeuroTech Ltd (HKSE:02172) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1661 Zhangdong Road, Pudong New Area, Shanghai, CHN

Website

https://www.medneurotech.com

MicroPort NeuroTech Ltd is into the neuro-interventional medical device industry, dedicated to providing innovative solutions for physicians and patients. The company boast a comprehensive portfolio of approved therapeutic products covering all of the three main areas of neurovascular disease, namely hemorrhagic stroke, cerebral atherosclerotic stenosis and acute ischemic stroke.

Executives

Hu Yibin
Biolink Biomedical Ltd.	2201 Interest of corporation controlled by you
Blossom Vision Limited	2201 Interest of corporation controlled by you
Lion Fish Limited	2201 Interest of corporation controlled by you
Suntera Corporate Trustees (hong Kong) Limited	2301 Trustee
Thriving Hope Limited	2201 Interest of corporation controlled by you
Biolink Fund Limited Partnership	2201 Interest of corporation controlled by you
Biolink Limited	2101 Beneficial owner
Microport Scientific Corporation
Microport Scientific Investment Ltd
Maxwell Maxcare Science Foundation Limited
We'tron Capital Limited

MicroPort NeuroTech (HKSE:02172) Headlines

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