Wuxi AppTec Co (SHSE:603259) PB Ratio : 2.29 (As of Apr. 25, 2024)

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What is Wuxi AppTec 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 (2024-04-25), Wuxi AppTec Co's share price is ¥42.61. Wuxi AppTec Co's Book Value per Share for the quarter that ended in Dec. 2023 was ¥18.57. Hence, Wuxi AppTec Co's PB Ratio of today is 2.29.

Good Sign:

Wuxi AppTec Co Ltd stock PB Ratio (=2.25) is close to 10-year low of 2.25

The historical rank and industry rank for Wuxi AppTec Co's PB Ratio or its related term are showing as below:

SHSE:603259' s PB Ratio Range Over the Past 10 Years
Min: 2.25 Med: 7.83 Max: 20.8
Current: 2.29

During the past 10 years, Wuxi AppTec Co's highest PB Ratio was 20.80. The lowest was 2.25. And the median was 7.83.

SHSE:603259's PB Ratio is ranked worse than
55.24% of 210 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.075 vs SHSE:603259: 2.29

During the past 12 months, Wuxi AppTec Co's average Book Value Per Share Growth Rate was 18.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 18.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 26.50% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Wuxi AppTec Co was 59.10% per year. The lowest was 18.70% per year. And the median was 35.20% per year.

Back to Basics: PB Ratio

Wuxi AppTec Co PB Ratio Historical Data

The historical data trend for Wuxi AppTec 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.

Wuxi AppTec Co PB Ratio Chart

Wuxi AppTec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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8.79

10.12

9.11

5.15

3.92

Wuxi AppTec Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															5.15	4.77	3.71	4.96	3.92

Competitive Comparison of Wuxi AppTec Co's PB Ratio

For the Diagnostics & Research subindustry, Wuxi AppTec 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.

Wuxi AppTec Co's PB Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Wuxi AppTec Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Wuxi AppTec Co's PB Ratio falls into.

Wuxi AppTec 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.

Wuxi AppTec Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	42.61	/	18.567
	=	2.29

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.

Wuxi AppTec Co (SHSE:603259) 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.

Wuxi AppTec Co PB Ratio Related Terms

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

Wuxi AppTec Co (SHSE:603259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Wuxi AppTec Co Ltd (SHSE:603259) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

WUXIF:USA WUXAY:USA 02359:Hong Kong WX8:Germany

Address

288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, CHN, 200131

Website

https://www.wuxiapptec.com

Wuxi AppTec Co Ltd provides a portfolio of research and manufacturing services through the discovery, development, and manufacturing spectrum for small-molecule drugs, cell therapies, and gene therapies as well as providing testing services for medical devices. Its segments comprise China-based laboratory services; U.S.-based laboratory services; Clinical research and other CRO services; CDMO services; and Others. The majority of revenue gets derived from China-based laboratory services that include small molecules discovery, such as synthetic chemistry, medicinal chemistry, analytical chemistry, biology, drug metabolism and pharmacokinetics (DMPK)/absorption, distribution, metabolism, and excretion (ADME), toxicology and bioanalytical services.

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