Zhejiang Fore Intelligent Technology Co (SZSE:301368) Book Value per Share : ¥8.12 (As of Mar. 2024)

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What is Zhejiang Fore Intelligent Technology Co Book Value per Share?

Zhejiang Fore Intelligent Technology Co's book value per share for the quarter that ended in Mar. 2024 was ¥8.12.

During the past 12 months, Zhejiang Fore Intelligent Technology Co's average Book Value Per Share Growth Rate was 0.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 39.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 17.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Zhejiang Fore Intelligent Technology Co was 39.90% per year. The lowest was -1.20% per year. And the median was 21.00% per year.

Zhejiang Fore Intelligent Technology Co's current price is ¥44.88. Its book value per share for the quarter that ended in Mar. 2024 was ¥8.12. Hence, today's PB Ratio of Zhejiang Fore Intelligent Technology Co is 5.53.

During the past 6 years, the highest P/B Ratio of Zhejiang Fore Intelligent Technology Co was 8.60. The lowest was 2.50. And the median was 5.39.

Zhejiang Fore Intelligent Technology Co Book Value per Share Historical Data

The historical data trend for Zhejiang Fore Intelligent Technology Co's Book Value per Share 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.

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Zhejiang Fore Intelligent Technology Co Book Value per Share Chart

Zhejiang Fore Intelligent Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Book Value per Share

Get a 7-Day Free Trial

4.52

2.95

3.63

8.00

8.08

Zhejiang Fore Intelligent Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Book Value per Share	Get a 7-Day Free Trial											8.07	8.05	8.13	8.08	8.12

Competitive Comparison of Zhejiang Fore Intelligent Technology Co's Book Value per Share

For the Tools & Accessories subindustry, Zhejiang Fore Intelligent Technology Co's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Zhejiang Fore Intelligent Technology Co's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Fore Intelligent Technology Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Fore Intelligent Technology Co's PB Ratio falls into.

Zhejiang Fore Intelligent Technology Co Book Value per Share Calculation

Zhejiang Fore Intelligent Technology Co's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(970.3	-	0.0)	/	120.1
	=	8.08

Zhejiang Fore Intelligent Technology Co's Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(974.7	-	0.0)	/	120.1
	=	8.12

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Zhejiang Fore Intelligent Technology Co (SZSE:301368) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Zhejiang Fore Intelligent Technology Co Book Value per Share Related Terms

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Zhejiang Fore Intelligent Technology Co (SZSE:301368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Fore Intelligent Technology Co Ltd (SZSE:301368) » Definitions » Book Value per Share

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Traded in Other Exchanges

N/A

Address

No. 9 Gaoyang Road, Yuanqiao Town, Huangyan District, Zhejiang Province, Taizhou, CHN, 318025

Website

https://www.cn-fore.com

Zhejiang Fore Intelligent Technology Co Ltd is engaged in the research and development, production and sales of small modulus gears, gearboxes and related precision mechanical parts.

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