Qifu Technology (Qifu Technology) Price-to-Tangible-Book : 1.06 (As of May. 29, 2024)

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

As of today (2024-05-29), Qifu Technology's share price is $19.90. Qifu Technology's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $18.82. Hence, Qifu Technology's Price to Tangible Book Ratio of today is 1.06.

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

QFIN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.83 Med: 1.37 Max: 3.46
Current: 1.06

During the past 8 years, Qifu Technology's highest Price to Tangible Book Ratio was 3.46. The lowest was 0.83. And the median was 1.37.

QFIN's Price-to-Tangible-Book is ranked better than
50.2% of 496 companies
in the Credit Services industry
Industry Median: 1.06 vs QFIN: 1.06

A closely related ratio is called PB Ratio. As of today, Qifu Technology's share price is $19.90. Qifu Technology's Book Value per Sharefor the quarter that ended in Mar. 2024 was $19.74. Hence, Qifu Technology's P/B Ratio of today is 1.01.

Qifu Technology Price-to-Tangible-Book Historical Data

The historical data trend for Qifu 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.

Qifu Technology Price-to-Tangible-Book Chart

Qifu Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.39

1.24

1.60

1.28

0.85

Qifu Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.16	1.01	0.88	0.85	0.98

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

For the Credit Services subindustry, Qifu 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.

Qifu Technology's Price-to-Tangible-Book Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Qifu Technology's Price-to-Tangible-Book distribution charts can be found below:

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

Qifu Technology Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	19.90	/	18.824
	=	1.06

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.

Qifu Technology Price-to-Tangible-Book Related Terms

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

Qifu Technology (Qifu Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qifu Technology Inc (NAS:QFIN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

03660:Hong Kong

Address

No. 1217 Dongfang Road, 7th Floor Lujiazui Finance Plaza, Pudong New Area, Shanghai, CHN, 200122

Website

https://www.qifu.tech

Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.