Medlive Technology Co (HKSE:02192) Price-to-Tangible-Book : 1.30 (As of May. 11, 2024)

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What is Medlive Technology Co Price-to-Tangible-Book?

As of today (2024-05-11), Medlive Technology Co's share price is HK$8.46. Medlive Technology Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$6.53. Hence, Medlive Technology Co's Price to Tangible Book Ratio of today is 1.30.

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

HKSE:02192' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.28 Med: 1.3 Max: 4.1
Current: 1.3

During the past 6 years, Medlive Technology Co's highest Price to Tangible Book Ratio was 4.10. The lowest was 1.28. And the median was 1.30.

HKSE:02192's Price-to-Tangible-Book is ranked better than
56.1% of 82 companies
in the Medical Distribution industry
Industry Median: 1.48 vs HKSE:02192: 1.30

A closely related ratio is called PB Ratio. As of today, Medlive Technology Co's share price is HK$8.46. Medlive Technology Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$6.92. Hence, Medlive Technology Co's P/B Ratio of today is 1.22.

Medlive Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for Medlive 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.

Medlive Technology Co Price-to-Tangible-Book Chart

Medlive Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

4.10

1.28

1.30

Medlive Technology Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial					4.10	1.74	1.28	1.04	1.30

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

For the Medical Distribution subindustry, Medlive 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.

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

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

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

Medlive Technology Co Price-to-Tangible-Book Calculation

Medlive 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 )
	=	8.46	/	6.527
	=	1.30

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.

Medlive Technology Co Price-to-Tangible-Book Related Terms

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

Medlive Technology Co (HKSE:02192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Medlive Technology Co Ltd (HKSE:02192) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Baijialou Chaoyang North Road, E1 Red Manor International Bonded Innovation Park, Chaoyang District, Beijing, CHN

Website

https://www.medlive.cn

Medlive is a digital healthcare marketing company that produces customized content for pharmaceutical and medical device firms to specifically target physicians through different promotional channels. The company uses in-house and third-party content teams to produce advertising for its clients by profiling the user preferences of the physicians on the platform who drive procurement and prescription decisions. Its platform also provides medical content consisting of third-party research, informal discussions, and medical news articles. The company also operates a minor internet hospital and SaaS solution that help with medical conferences and clinical research. M3, Japan's leading digital healthcare marketing company owns 38.8% of Medlive through a joint venture.

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