MicroTech Medical (Hangzhou) Co (HKSE:02235) PB Ratio : 0.75 (As of May. 23, 2024)

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What is MicroTech Medical (Hangzhou) Co PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-23), MicroTech Medical (Hangzhou) Co's share price is HK$4.00. MicroTech Medical (Hangzhou) Co's Book Value per Share for the quarter that ended in Dec. 2023 was HK$5.34. Hence, MicroTech Medical (Hangzhou) Co's PB Ratio of today is 0.75.

Good Sign:

MicroTech Medical (Hangzhou) Co Ltd stock PB Ratio (=0.76) is close to 3-year low of 0.7

The historical rank and industry rank for MicroTech Medical (Hangzhou) Co's PB Ratio or its related term are showing as below:

HKSE:02235' s PB Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.2 Max: 15.01
Current: 0.75

During the past 5 years, MicroTech Medical (Hangzhou) Co's highest PB Ratio was 15.01. The lowest was 0.70. And the median was 1.20.

HKSE:02235's PB Ratio is ranked better than
87.99% of 791 companies
in the Medical Devices & Instruments industry
Industry Median: 2.23 vs HKSE:02235: 0.75

During the past 12 months, MicroTech Medical (Hangzhou) Co's average Book Value Per Share Growth Rate was -8.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 37.80% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of MicroTech Medical (Hangzhou) Co was 116.70% per year. The lowest was 37.80% per year. And the median was 77.25% per year.

Back to Basics: PB Ratio

MicroTech Medical (Hangzhou) Co PB Ratio Historical Data

The historical data trend for MicroTech Medical (Hangzhou) Co's PB Ratio 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.

MicroTech Medical (Hangzhou) Co PB Ratio Chart

MicroTech Medical (Hangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

3.93

1.68

1.20

MicroTech Medical (Hangzhou) Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial			3.93	1.61	1.68	0.95	1.20

Competitive Comparison of MicroTech Medical (Hangzhou) Co's PB Ratio

For the Medical Devices subindustry, MicroTech Medical (Hangzhou) 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.

MicroTech Medical (Hangzhou) Co's PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MicroTech Medical (Hangzhou) Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where MicroTech Medical (Hangzhou) Co's PB Ratio falls into.

MicroTech Medical (Hangzhou) Co PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

MicroTech Medical (Hangzhou) Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	4.00	/	5.337
	=	0.75

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

MicroTech Medical (Hangzhou) Co (HKSE:02235) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

MicroTech Medical (Hangzhou) Co PB Ratio Related Terms

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MicroTech Medical (Hangzhou) Co (HKSE:02235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroTech Medical (Hangzhou) Co Ltd (HKSE:02235) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108 Liuze Street, Cangqian Street, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.microtechmd.com

MicroTech Medical (Hangzhou) Co Ltd is engaged in the research and development and manufacturing and commercialization of diabetes management, providing both diabetes treatment and diabetes monitoring medical devices to improve diabetes management in China and the rest of the world. The company derives a majority of its revenue from China.

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