Kangji Medical Holdings (HKSE:09997) PB Ratio : 2.21 (As of Apr. 29, 2024)

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What is Kangji Medical Holdings 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 (2024-04-29), Kangji Medical Holdings's share price is HK$7.24. Kangji Medical Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was HK$3.28. Hence, Kangji Medical Holdings's PB Ratio of today is 2.21.

The historical rank and industry rank for Kangji Medical Holdings's PB Ratio or its related term are showing as below:

HKSE:09997' s PB Ratio Range Over the Past 10 Years
Min: 1.69 Med: 2.76 Max: 116.84
Current: 2.21

During the past 7 years, Kangji Medical Holdings's highest PB Ratio was 116.84. The lowest was 1.69. And the median was 2.76.

HKSE:09997's PB Ratio is ranked better than
50% of 796 companies
in the Medical Devices & Instruments industry
Industry Median: 2.2 vs HKSE:09997: 2.21

During the past 12 months, Kangji Medical Holdings's average Book Value Per Share Growth Rate was 6.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 74.70% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Kangji Medical Holdings was 136.90% per year. The lowest was 5.70% per year. And the median was 122.45% per year.

Back to Basics: PB Ratio

Kangji Medical Holdings PB Ratio Historical Data

The historical data trend for Kangji Medical Holdings'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.

Kangji Medical Holdings PB Ratio Chart

Kangji Medical Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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5.41

2.48

2.62

2.13

Kangji Medical Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial							2.48	2.49	2.62	2.72	2.13

Competitive Comparison of Kangji Medical Holdings's PB Ratio

For the Medical Instruments & Supplies subindustry, Kangji Medical Holdings'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.

Kangji Medical Holdings's PB Ratio Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Kangji Medical Holdings's PB Ratio falls into.

Kangji Medical Holdings 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.

Kangji Medical Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	7.24	/	3.282
	=	2.21

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.

Kangji Medical Holdings (HKSE:09997) 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.

Kangji Medical Holdings PB Ratio Related Terms

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Kangji Medical Holdings (HKSE:09997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (HKSE:09997) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

50J:Germany

Address

No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

https://www.kangjimedical.com

Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.

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