Shinkong Synthetic Fiber (TPE:1409) Price-to-Tangible-Book : 0.77 (As of May. 11, 2024)

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What is Shinkong Synthetic Fiber Price-to-Tangible-Book?

As of today (2024-05-11), Shinkong Synthetic Fiber's share price is NT$17.10. Shinkong Synthetic Fiber's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was NT$22.26. Hence, Shinkong Synthetic Fiber's Price to Tangible Book Ratio of today is 0.77.

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

TPE:1409' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.58 Med: 0.68 Max: 0.91
Current: 0.77

During the past 13 years, Shinkong Synthetic Fiber's highest Price to Tangible Book Ratio was 0.91. The lowest was 0.58. And the median was 0.68.

TPE:1409's Price-to-Tangible-Book is ranked better than
73.74% of 990 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.33 vs TPE:1409: 0.77

A closely related ratio is called PB Ratio. As of today, Shinkong Synthetic Fiber's share price is NT$17.10. Shinkong Synthetic Fiber's Book Value per Sharefor the quarter that ended in Dec. 2023 was NT$22.53. Hence, Shinkong Synthetic Fiber's P/B Ratio of today is 0.76.

Shinkong Synthetic Fiber Price-to-Tangible-Book Historical Data

The historical data trend for Shinkong Synthetic Fiber'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.

Shinkong Synthetic Fiber Price-to-Tangible-Book Chart

Shinkong Synthetic Fiber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.66

0.73

0.91

0.81

0.70

Shinkong Synthetic Fiber Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.81	0.86	0.80	0.70	0.70

Competitive Comparison of Shinkong Synthetic Fiber's Price-to-Tangible-Book

For the Textile Manufacturing subindustry, Shinkong Synthetic Fiber'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.

Shinkong Synthetic Fiber's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shinkong Synthetic Fiber's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Shinkong Synthetic Fiber's Price-to-Tangible-Book falls into.

Shinkong Synthetic Fiber Price-to-Tangible-Book Calculation

Shinkong Synthetic Fiber's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	17.10	/	22.262
	=	0.77

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.

Shinkong Synthetic Fiber Price-to-Tangible-Book Related Terms

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

Shinkong Synthetic Fiber (TPE:1409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinkong Synthetic Fiber Corp (TPE:1409) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Ren Ai Road, Section 3, Lotus Building, 5th Floor, Da An District, Taipei, TWN, 10657

Website

http://www.shinkong.com.tw

Shinkong Synthetic Fiber Corp is a Taiwan-based company that is principally engaged in the production and distribution of chemical fiber products and plastic products. The company's chemical fiber products include polyester staple fibers, polyester filaments, industrial yarn, draw textured yarn, and others. The plastic products consist of polyester resin, bottle grade resin, PET bottle preforms, PET bottles, Engineering polymers, and PE sheets. The company generates the majority of its total revenue from chemical fiber products and plastic products. The company mainly conducts operations in Asia and Europe and generates the majority of its total revenue from the Asia market.

Shinkong Synthetic Fiber (TPE:1409) Headlines

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