Gaush Meditech (HKSE:02407) PB Ratio : 1.61 (As of May. 14, 2024)

View and export this data going back to 2022. Start your Free Trial

What is Gaush Meditech 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 (2024-05-14), Gaush Meditech's share price is HK$19.98. Gaush Meditech's Book Value per Share for the quarter that ended in Dec. 2023 was HK$12.42. Hence, Gaush Meditech's PB Ratio of today is 1.61.

The historical rank and industry rank for Gaush Meditech's PB Ratio or its related term are showing as below:

HKSE:02407' s PB Ratio Range Over the Past 10 Years
Min: 1.37 Med: 3.61 Max: 4.78
Current: 1.61

During the past 5 years, Gaush Meditech's highest PB Ratio was 4.78. The lowest was 1.37. And the median was 3.61.

HKSE:02407's PB Ratio is ranked better than
64.39% of 792 companies
in the Medical Devices & Instruments industry
Industry Median: 2.22 vs HKSE:02407: 1.61

During the past 12 months, Gaush Meditech's average Book Value Per Share Growth Rate was 12.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 292.80% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Gaush Meditech was 292.80% per year. The lowest was 292.80% per year. And the median was 292.80% per year.

Back to Basics: PB Ratio

Gaush Meditech PB Ratio Historical Data

The historical data trend for Gaush Meditech'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.

Gaush Meditech PB Ratio Chart

Gaush Meditech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

4.65

3.04

Gaush Meditech Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial			-	-	4.65	4.01	3.04

Competitive Comparison of Gaush Meditech's PB Ratio

For the Medical Devices subindustry, Gaush Meditech'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.

Gaush Meditech's PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Gaush Meditech's PB Ratio distribution charts can be found below:

* The bar in red indicates where Gaush Meditech's PB Ratio falls into.

Gaush Meditech 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.

Gaush Meditech's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	19.98	/	12.422
	=	1.61

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.

Gaush Meditech (HKSE:02407) 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.

Gaush Meditech PB Ratio Related Terms

Thank you for viewing the detailed overview of Gaush Meditech's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Gaush Meditech (HKSE:02407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Gaush Meditech Ltd (HKSE:02407) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Dongzhimen South Avenue, Room 1901, Building A, Zhonghui Plaza, Dongcheng District, Beijing, CHN

Website

https://www.gaush.com

Gaush Meditech Ltd is a provider of a broad spectrum of ophthalmic medical devices. The segments of the company include 1) Proprietary products segment develops and produces surgical equipment and related supporting software, intra-optical lens, ophthalmic disease diagnosis and treatment equipment and related supporting consumables independently; 2) Distribution products segment sells multi-function diagnostic equipment, ocular fundus diagnosis, surgical and treatment equipment and related supporting consumables produced by ophthalmic medical equipment manufacturers; 3) Technical services segment provides warranty services, maintenance services and after-sales services related consumables; and 4) Others segment.

Gaush Meditech (HKSE:02407) Headlines

No Headlines