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 (2024-04-23), Shandong Weigao Group Medical Polymer Co's share price is HK$5.00. Shandong Weigao Group Medical Polymer Co's Book Value per Share for the quarter that ended in Jun. 2023 was HK$5.43. Hence, Shandong Weigao Group Medical Polymer Co's PB Ratio of today is 0.92.
Good Sign:
Shandong Weigao Group Medical Polymer Co Ltd stock PB Ratio (=0.88) is close to 10-year low of 0.85
The historical rank and industry rank for Shandong Weigao Group Medical Polymer Co's PB Ratio or its related term are showing as below:
HKSE:01066'
s PB Ratio Range Over the Past 10 Years
Min: 0.85 Med: 2.09 Max: 5.29
Current: 0.92
During the past 13 years, Shandong Weigao Group Medical Polymer Co's highest PB Ratio was 5.29. The lowest was 0.85. And the median was 2.09.
HKSE:01066's PB Ratio is ranked better than 81.16% of 796
companies
in the Medical Devices & Instruments industry
Industry Median: 2.185
vs HKSE:01066: 0.92
During the past 12 months, Shandong Weigao Group Medical Polymer Co's average Book Value Per Share Growth Rate was 0.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shandong Weigao Group Medical Polymer Co was 66.50% per year. The lowest was 4.50% per year. And the median was 25.40% per year.
Back to Basics: PB Ratio
Shandong Weigao Group Medical Polymer Co PB Ratio Historical Data
The historical data trend for Shandong Weigao Group Medical Polymer 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.
Shandong Weigao Group Medical Polymer Co Annual Data
For the Medical Instruments & Supplies subindustry, Shandong Weigao Group Medical Polymer 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.
Shandong Weigao Group Medical Polymer Co PB Ratio Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Shandong Weigao Group Medical Polymer Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shandong Weigao Group Medical Polymer Co's PB Ratio falls into.
Shandong Weigao Group Medical Polymer 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.
Shandong Weigao Group Medical Polymer Co's PB Ratio for today is calculated as follows:
* 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.
Shandong Weigao Group Medical Polymer Co (HKSE:01066) PB Ratio Explanation
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.
Shandong Weigao Group Medical Polymer Co PB Ratio Related Terms
Thank you for viewing the detailed overview of Shandong Weigao Group Medical Polymer Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Shandong Weigao Group Medical Polymer Co (HKSE:01066) Business Description
Shandong Weigao Group Medical Polymer Co Ltd functions in the healthcare sector in China. Its business mainly involves the research and development, production, and sale of single-use medical device products. The company's segments include Medical device products, Orthopaedic products, Interventional products, Pharma packaging products, Blood management products, and others. The company's products comprise consumables including infusion sets, syringes, medical needles, blood bags, prefilled syringes, wound management, blood sampling products; orthopedic materials, and blood purification consumables and equipment. The company operates in the People's Republic of China, the United States, Europe, the Middle East, and Africa, Asia, and others.
Shandong Weigao Group Medical Polymer Co (HKSE:01066) Headlines
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