Tansun Technology Co (SZSE:300872) Price-to-Tangible-Book : 2.20 (As of May. 25, 2024)

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

As of today (2024-05-25), Tansun Technology Co's share price is ¥12.63. Tansun Technology Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥5.74. Hence, Tansun Technology Co's Price to Tangible Book Ratio of today is 2.20.

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

SZSE:300872' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.07 Med: 2.78 Max: 4.9
Current: 2.2

During the past 10 years, Tansun Technology Co's highest Price to Tangible Book Ratio was 4.90. The lowest was 2.07. And the median was 2.78.

SZSE:300872's Price-to-Tangible-Book is ranked better than
68.54% of 2085 companies
in the Software industry
Industry Median: 3.55 vs SZSE:300872: 2.20

A closely related ratio is called PB Ratio. As of today, Tansun Technology Co's share price is ¥12.63. Tansun Technology Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥6.57. Hence, Tansun Technology Co's P/B Ratio of today is 1.92.

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

The historical data trend for Tansun 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.

Tansun Technology Co Price-to-Tangible-Book Chart

Tansun Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

4.23

3.47

2.48

2.40

Tansun Technology Co 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															2.55	2.59	2.19	2.40	2.07

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

For the Information Technology Services subindustry, Tansun 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.

Tansun Technology Co's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Tansun Technology Co's Price-to-Tangible-Book distribution charts can be found below:

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

Tansun Technology Co Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	12.63	/	5.743
	=	2.20

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.

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

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Tansun Technology Co (SZSE:300872) Business Description

Industry

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Traded in Other Exchanges

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Address

No. 7 Linqionggang East 1st Road, Room 608, Block A, Tibet Xixin Trading Co., Ltd, Lhasa Economic and Technological Development Zone, Tibet Autonomous Region, Lhasa, CHN, 850000

Website

http://www.tansun.com.cn

Tansun Technology Co Ltd is engaged in independent research and development of core technologies and products, focusing on customer assets (credit, transaction banking and supply chain finance), risk management, core business systems. The company is focused on providing long-term IT solutions and services for financial industry customers, including central banks, political banks, state-owned banks, joint-stock banks, local commercial banks, and non-banking financial institutions. Its services include consulting and testing services.

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