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OKE Precision Cutting Tools Co (SHSE:688308) PB Ratio : 1.51 (As of May. 12, 2024)


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What is OKE Precision Cutting Tools 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 (2024-05-12), OKE Precision Cutting Tools Co's share price is ¥24.66. OKE Precision Cutting Tools Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥16.29. Hence, OKE Precision Cutting Tools Co's PB Ratio of today is 1.51.

The historical rank and industry rank for OKE Precision Cutting Tools Co's PB Ratio or its related term are showing as below:

SHSE:688308' s PB Ratio Range Over the Past 10 Years
Min: 1.13   Med: 3.49   Max: 6.77
Current: 1.51

During the past 7 years, OKE Precision Cutting Tools Co's highest PB Ratio was 6.77. The lowest was 1.13. And the median was 3.49.

SHSE:688308's PB Ratio is ranked better than
62.47% of 2928 companies
in the Industrial Products industry
Industry Median: 1.94 vs SHSE:688308: 1.51

During the past 12 months, OKE Precision Cutting Tools Co's average Book Value Per Share Growth Rate was 1.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 20.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 25.70% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of OKE Precision Cutting Tools Co was 34.30% per year. The lowest was 20.00% per year. And the median was 22.90% per year.

Back to Basics: PB Ratio


OKE Precision Cutting Tools Co PB Ratio Historical Data

The historical data trend for OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools Co PB Ratio Chart

OKE Precision Cutting Tools Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial - 2.08 4.73 3.45 1.73

OKE Precision Cutting Tools Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.09 2.51 2.10 1.73 1.21

Competitive Comparison of OKE Precision Cutting Tools Co's PB Ratio

For the Tools & Accessories subindustry, OKE Precision Cutting Tools 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.


OKE Precision Cutting Tools Co's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OKE Precision Cutting Tools Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where OKE Precision Cutting Tools Co's PB Ratio falls into.



OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=24.66/16.287
=1.51

* 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.

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

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.


OKE Precision Cutting Tools Co  (SHSE:688308) 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.


OKE Precision Cutting Tools Co PB Ratio Related Terms

Thank you for viewing the detailed overview of OKE Precision Cutting Tools Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


OKE Precision Cutting Tools Co (SHSE:688308) Business Description

Traded in Other Exchanges
N/A
Address
No.8, Chuangye 4th Road, Small and Medium Enterprise Pioneer Park, Hunan Province. Lusong District, Yanling County, Zhuzhou, CHN, 412500
OKE Precision Cutting Tools Co Ltd is involved in the research and development, production and sales of cemented carbide products and CNC tool products. It offers CNC tool, carbide serrated blade, carbide disc and other cemented and carbide products.

OKE Precision Cutting Tools Co (SHSE:688308) Headlines

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