Sunny Optical Technology (Group) Co (FRA:SXC) PB Ratio : 1.70 (As of Apr. 26, 2024)

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What is Sunny Optical Technology (Group) 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 (2024-04-26), Sunny Optical Technology (Group) Co's share price is €4.469. Sunny Optical Technology (Group) Co's Book Value per Share for the quarter that ended in Dec. 2023 was €2.63. Hence, Sunny Optical Technology (Group) Co's PB Ratio of today is 1.70.

Good Sign:

Sunny Optical Technology (Group) Co Ltd stock PB Ratio (=1.7) is close to 10-year low of 1.59

The historical rank and industry rank for Sunny Optical Technology (Group) Co's PB Ratio or its related term are showing as below:

FRA:SXC' s PB Ratio Range Over the Past 10 Years
Min: 1.59 Med: 7.24 Max: 28.66
Current: 1.7

During the past 13 years, Sunny Optical Technology (Group) Co's highest PB Ratio was 28.66. The lowest was 1.59. And the median was 7.24.

FRA:SXC's PB Ratio is ranked better than
53.53% of 2391 companies
in the Hardware industry
Industry Median: 1.83 vs FRA:SXC: 1.70

During the past 12 months, Sunny Optical Technology (Group) Co's average Book Value Per Share Growth Rate was 0.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 7.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 19.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 25.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sunny Optical Technology (Group) Co was 65.80% per year. The lowest was 7.60% per year. And the median was 22.20% per year.

Back to Basics: PB Ratio

Sunny Optical Technology (Group) Co PB Ratio Historical Data

The historical data trend for Sunny Optical Technology (Group) 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.

Sunny Optical Technology (Group) Co PB Ratio Chart

Sunny Optical Technology (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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10.48

9.17

10.41

4.09

3.06

Sunny Optical Technology (Group) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															10.41	5.81	4.09	3.59	3.06

Competitive Comparison of Sunny Optical Technology (Group) Co's PB Ratio

For the Electronic Components subindustry, Sunny Optical Technology (Group) 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.

Sunny Optical Technology (Group) Co's PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sunny Optical Technology (Group) Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Sunny Optical Technology (Group) Co's PB Ratio falls into.

Sunny Optical Technology (Group) 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.

Sunny Optical Technology (Group) Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	4.469	/	2.626
	=	1.70

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.

Sunny Optical Technology (Group) Co (FRA:SXC) 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.

Sunny Optical Technology (Group) Co PB Ratio Related Terms

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Sunny Optical Technology (Group) Co (FRA:SXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunny Optical Technology (Group) Co Ltd (FRA:SXC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

SOTGY:USA SNPTF:USA 02382:Hong Kong SXC:Germany

Address

No. 66-68, Fengle Road, Zhejiang Province, Yuyao, CHN, 315400

Website

https://www.sunnyoptical.com

Headquartered in Yuyao, China, Sunny Optical is China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of mobile and vehicle camera demand, as smartphone manufacturers seek differentiated camera features and advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 26,610 people as of December 2022.