Asahi Intecc Co (TSE:7747) Price-to-Tangible-Book

: 5.37 (As of Today)

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As of today (2024-04-16), Asahi Intecc Co's share price is 円2392.00. Asahi Intecc Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円445.74. Hence, Asahi Intecc Co's Price to Tangible Book Ratio of today is 5.37.

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

TSE:7747' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.2 Med: 8.87 Max: 14.33
Current: 5.37

During the past 13 years, Asahi Intecc Co's highest Price to Tangible Book Ratio was 14.33. The lowest was 5.20. And the median was 8.87.

TSE:7747's Price-to-Tangible-Book is ranked worse than
72.03% of 708 companies
in the Medical Devices & Instruments industry
Industry Median: 2.615 vs TSE:7747: 5.37

A closely related ratio is called PB Ratio. As of today, Asahi Intecc Co's share price is 円2392.00. Asahi Intecc Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円508.23. Hence, Asahi Intecc Co's P/B Ratio of today is 4.71.

Asahi Intecc Co Price-to-Tangible-Book Historical Data

The historical data trend for Asahi Intecc 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.

Asahi Intecc Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

11.34

11.98

8.15

5.56

6.70

Asahi Intecc Co 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																5.61	5.73	6.70	6.22	6.44

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Asahi Intecc 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.

Asahi Intecc Co Price-to-Tangible-Book Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Asahi Intecc Co's Price-to-Tangible-Book distribution charts can be found below:

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

Asahi Intecc Co Price-to-Tangible-Book Calculation

Asahi Intecc Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2392.00	/	445.738
	=	5.37

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.

Asahi Intecc Co Price-to-Tangible-Book Related Terms

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Asahi Intecc Co (TSE:7747) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Asahi Intecc Co Ltd (TSE:7747) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AHICF:USA

Address

1703 Wakita-cho, Nagoya, JPN

Website

http://www.asahi-intecc.co.jp

Asahi Intecc Co Ltd develops, manufactures, and sells medical devices. The firm operates in two segments: medical and device. The medical segment generates the vast majority of revenue and sells a range of guide wires and catheters for treatment and examination. The device segment sells components to medical and industrial companies, such as hollow cable tubes, catheter delivery systems, and stainless steel rope. Asahi's products are used in a variety of industries, including the medical, construction, automobile, office automation equipment, and electric appliance industries. Asahi generates the largest proportion of its revenue in Japan.

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