Changyuan Technology Group (SHSE:600525) Price-to-Tangible-Book : 1.53 (As of May. 19, 2024)

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What is Changyuan Technology Group Price-to-Tangible-Book?

As of today (2024-05-19), Changyuan Technology Group's share price is ¥4.57. Changyuan Technology Group's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥2.98. Hence, Changyuan Technology Group's Price to Tangible Book Ratio of today is 1.53.

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

SHSE:600525' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.53 Med: 3.95 Max: 16.74
Current: 1.53

During the past 13 years, Changyuan Technology Group's highest Price to Tangible Book Ratio was 16.74. The lowest was 1.53. And the median was 3.95.

SHSE:600525's Price-to-Tangible-Book is ranked better than
66.38% of 2832 companies
in the Industrial Products industry
Industry Median: 2.14 vs SHSE:600525: 1.53

A closely related ratio is called PB Ratio. As of today, Changyuan Technology Group's share price is ¥4.57. Changyuan Technology Group's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥3.98. Hence, Changyuan Technology Group's P/B Ratio of today is 1.15.

Changyuan Technology Group Price-to-Tangible-Book Historical Data

The historical data trend for Changyuan Technology 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.

Changyuan Technology Group Price-to-Tangible-Book Chart

Changyuan Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

3.49

3.70

2.65

1.69

1.79

Changyuan Technology Group 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															1.97	2.02	1.68	1.79	1.57

Competitive Comparison of Changyuan Technology Group's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, Changyuan Technology 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.

Changyuan Technology Group's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changyuan Technology Group's Price-to-Tangible-Book distribution charts can be found below:

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

Changyuan Technology Group Price-to-Tangible-Book Calculation

Changyuan Technology 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 )
	=	4.57	/	2.98
	=	1.53

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.

Changyuan Technology Group Price-to-Tangible-Book Related Terms

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

Changyuan Technology Group (SHSE:600525) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Keyuan Middle Road, Changyuan New Materials Port, Building F, 5th Floor, Nanshan District and High-tech Zone, Guangdong Province, Shenzhen, Guangdong, CHN, 518057

Website

http://www.cyg.com

Changyuan Group Ltd specializes in the research, development, and manufacturing of intelligent digitalization of industrial and power systems. The company has two product series namely, test systems and automation equipment, providing comprehensive solutions for the electronics, automotive, medical, new energy, clothing, lighting and other industries. The product portfolio includes power grid protection and automation, smart primary equipment, composite insulator, chip packaging equipment solutions, clothing intelligent equipment, and other products.

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