Xi'an Bright Laser Technologies Co (SHSE:688333) Price-to-Tangible-Book : 3.35 (As of Apr. 26, 2024)

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What is Xi'an Bright Laser Technologies Co Price-to-Tangible-Book?

As of today (2024-04-26), Xi'an Bright Laser Technologies Co's share price is ¥79.79. Xi'an Bright Laser Technologies Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥23.84. Hence, Xi'an Bright Laser Technologies Co's Price to Tangible Book Ratio of today is 3.35.

The historical rank and industry rank for Xi'an Bright Laser Technologies Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:688333' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.33 Med: 10.92 Max: 15.22
Current: 3.35

During the past 8 years, Xi'an Bright Laser Technologies Co's highest Price to Tangible Book Ratio was 15.22. The lowest was 3.33. And the median was 10.92.

SHSE:688333's Price-to-Tangible-Book is ranked worse than
70.9% of 2821 companies
in the Industrial Products industry
Industry Median: 2.1 vs SHSE:688333: 3.35

A closely related ratio is called PB Ratio. As of today, Xi'an Bright Laser Technologies Co's share price is ¥79.79. Xi'an Bright Laser Technologies Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥24.73. Hence, Xi'an Bright Laser Technologies Co's P/B Ratio of today is 3.23.

Xi'an Bright Laser Technologies Co Price-to-Tangible-Book Historical Data

The historical data trend for Xi'an Bright Laser Technologies 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.

Xi'an Bright Laser Technologies Co Price-to-Tangible-Book Chart

Xi'an Bright Laser Technologies Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

4.34

10.92

13.88

11.23

4.85

Xi'an Bright Laser Technologies 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															11.89	11.51	12.47	4.85	3.36

Competitive Comparison of Xi'an Bright Laser Technologies Co's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, Xi'an Bright Laser Technologies 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.

Xi'an Bright Laser Technologies Co's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xi'an Bright Laser Technologies Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Xi'an Bright Laser Technologies Co's Price-to-Tangible-Book falls into.

Xi'an Bright Laser Technologies Co Price-to-Tangible-Book Calculation

Xi'an Bright Laser Technologies 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 )
	=	79.79	/	23.836
	=	3.35

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.

Xi'an Bright Laser Technologies Co Price-to-Tangible-Book Related Terms

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Xi'an Bright Laser Technologies Co (SHSE:688333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xi'an Bright Laser Technologies Co Ltd (SHSE:688333) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

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Address

No. 1000, Shanglinyuan 7th Road, High-tech Zone, Shaanxi Province, Xi'an, CHN, 710000

Website

http://www.xa-blt.com

Xi'an Bright Laser Technologies Co Ltd is engaged in the development and production of metal 3D printing materials, research and development and production of metal 3D printing equipment, customized 3D printing product services, metal 3D printing process design and development and related technical services.

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