Hiwin Technologies (TPE:2049) PB Ratio : 2.37 (As of Apr. 29, 2024)

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What is Hiwin Technologies 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), Hiwin Technologies's share price is NT$234.00. Hiwin Technologies's Book Value per Share for the quarter that ended in Dec. 2023 was NT$98.92. Hence, Hiwin Technologies's PB Ratio of today is 2.37.

The historical rank and industry rank for Hiwin Technologies's PB Ratio or its related term are showing as below:

TPE:2049' s PB Ratio Range Over the Past 10 Years
Min: 1.62 Med: 3.6 Max: 7.98
Current: 2.37

During the past 13 years, Hiwin Technologies's highest PB Ratio was 7.98. The lowest was 1.62. And the median was 3.60.

TPE:2049's PB Ratio is ranked worse than
60.23% of 2927 companies
in the Industrial Products industry
Industry Median: 1.92 vs TPE:2049: 2.37

During the past 12 months, Hiwin Technologies's average Book Value Per Share Growth Rate was 0.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 7.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hiwin Technologies was 28.30% per year. The lowest was 6.70% per year. And the median was 11.85% per year.

Back to Basics: PB Ratio

Hiwin Technologies PB Ratio Historical Data

The historical data trend for Hiwin Technologies'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.

Hiwin Technologies PB Ratio Chart

Hiwin Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

Get a 7-Day Free Trial

3.66

4.62

3.45

1.86

2.38

Hiwin Technologies 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															1.86	2.65	2.47	2.07	2.38

Competitive Comparison of Hiwin Technologies's PB Ratio

For the Tools & Accessories subindustry, Hiwin Technologies'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.

Hiwin Technologies's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hiwin Technologies's PB Ratio distribution charts can be found below:

* The bar in red indicates where Hiwin Technologies's PB Ratio falls into.

Hiwin Technologies 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.

Hiwin Technologies's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	234.00	/	98.923
	=	2.37

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.

Hiwin Technologies (TPE:2049) 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.

Hiwin Technologies PB Ratio Related Terms

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

Hiwin Technologies (TPE:2049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hiwin Technologies Corp (TPE:2049) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Jingke Road, Taichung Precision Machinery Park, Taichung, TWN, 408225

Website

https://www.hiwin.tw

Hiwin Technologies Corp manufactures linear guideways used in precision positioning, guiding, and measuring applications. Other products include ball screws for industrial machinery, which turn rotary motion into linear motion, and linear actuators utilizing a gear system to transform motor-powered rotary movement into linear movement. The end market for Hiwin is Taiwan, followed by smaller markets in Germany, Japan, and the United States. The Group's reportable segments are linear guideways, ballscrews and others. Majority of revenue is generated from Linear guideways segment.

Hiwin Technologies (TPE:2049) Headlines

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