Qing Cloud Technologies (SHSE:688316) Price-to-Tangible-Book

: 6.71 (As of Today)

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As of today (2024-04-23), Qing Cloud Technologies's share price is ¥31.52. Qing Cloud Technologies's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ¥4.70. Hence, Qing Cloud Technologies's Price to Tangible Book Ratio of today is 6.71.

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

SHSE:688316' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.35 Med: 4.1 Max: 11.9
Current: 6.71

During the past 6 years, Qing Cloud Technologies's highest Price to Tangible Book Ratio was 11.90. The lowest was 3.35. And the median was 4.10.

SHSE:688316's Price-to-Tangible-Book is ranked worse than
68.98% of 2089 companies
in the Software industry
Industry Median: 3.52 vs SHSE:688316: 6.71

A closely related ratio is called PB Ratio. As of today, Qing Cloud Technologies's share price is ¥31.52. Qing Cloud Technologies's Book Value per Sharefor the quarter that ended in Sep. 2023 was ¥4.73. Hence, Qing Cloud Technologies's P/B Ratio of today is 6.66.

Qing Cloud Technologies Price-to-Tangible-Book Historical Data

The historical data trend for Qing Cloud Technologies'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.

Qing Cloud Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

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4.08

4.10

Qing Cloud Technologies Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.35	4.10	11.07	8.93	11.90

Competitive Comparison

For the Software - Infrastructure subindustry, Qing Cloud Technologies'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.

Qing Cloud Technologies Price-to-Tangible-Book Distribution

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

* The bar in red indicates where Qing Cloud Technologies's Price-to-Tangible-Book falls into.

Qing Cloud Technologies Price-to-Tangible-Book Calculation

Qing Cloud Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	31.52	/	4.695
	=	6.71

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.

Qing Cloud Technologies Price-to-Tangible-Book Related Terms

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Qing Cloud Technologies (SHSE:688316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qing Cloud Technologies Corp (SHSE:688316) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

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Address

No. 36, Chuangyuan Road, Room 601, 6th Floor, Building 16, Chaoyang District, Beijing, CHN, 100020

Website

https://www.qingcloud.com

Qing Cloud Technologies Corp is a technology enterprise level cloud service provider and digital transformation solution provider. It is committed towards providing a solid foundation for the efficient operation of the digital world through a set of independent innovation, neutral, reliable, flexible and open full-dimensional cloud platform.

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