Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
CleanSpace HoldingsASX:CSX -2.30%39 Price-to-Tangible-Book is 1.82 as of Sep. 08, 2026. GuruFocus rates ASX:CSX with a GF Score™ of 39/100 and a GF Value™ of A$0.52 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 701 Medical Devices & Instruments companies, CleanSpace Holdings ranks better than 62.77% on this metric.
The historical rank and industry rank for CleanSpace Holdings's Price-to-Tangible-Book or its related term are showing as below:
ASX:CSX'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.7 Med: 1.82 Max: 2.91
Current: 1.85
During the past 7 years, CleanSpace Holdings's highest Price to Tangible Book Ratio was 2.91. The lowest was 0.70. And the median was 1.82.
ASX:CSX's Price-to-Tangible-Book is ranked better than 62.77% of 701
companies
in the Medical Devices & Instruments industry
Industry Median: 2.62
vs ASX:CSX: 1.85
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
CleanSpace Holdings Price-to-Tangible-Book Related Terms
CleanSpace Holdings Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for CleanSpace Holdings's Price-to-Tangible-Book 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.
ASX:CSX vs ABT, SYK, MDT: Price-to-Tangible-Book Comparison
For the Medical Devices subindustry, CleanSpace Holdings's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
CleanSpace Holdings Price-to-Tangible-Book vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, CleanSpace Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where CleanSpace Holdings's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
CleanSpace Holdings (ASX:CSX) has a Price-to-Tangible-Book of 1.82 as of Sep. 08, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on CleanSpace Holdings and its competitors. According to the industry distribution chart, CleanSpace Holdings ranks #261 out of 701 companies in the Medical Devices & Instruments industry, placing it in the top 37.2%.
Is CleanSpace Holdings' Price-to-Tangible-Book too high?
CleanSpace Holdings' current Price-to-Tangible-Book is 1.82. The Medical Devices & Instruments industry median Price-to-Tangible-Book is 2.62. CleanSpace Holdings' value of 1.82 is 30.5% below this industry median. Based on the distribution chart, CleanSpace Holdings ranks #261 out of 701 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, CleanSpace Holdings has a GF Score™ of 39/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CleanSpace Holdings' Price-to-Tangible-Book compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, CleanSpace Holdings ranks #261 out of 701 companies for Price-to-Tangible-Book. This puts CleanSpace Holdings in the upper half of its industry. The industry median Price-to-Tangible-Book is 2.62. CleanSpace Holdings' value of 1.82 is 30.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Medical Devices & Instruments company?
The median Price-to-Tangible-Book among Medical Devices & Instruments companies is 2.62, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CleanSpace Holdings's current Price-to-Tangible-Book of 1.82 is 30.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on CleanSpace Holdings and its competitors. For the Medical Devices & Instruments industry, the median Price-to-Tangible-Book is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CleanSpace Holdings's current Price-to-Tangible-Book is 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CleanSpace Holdings stock overvalued right now?
Based on GuruFocus' analysis, CleanSpace Holdings (ASX:CSX) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.52, compared to a current price of A$0.43 — trading 18.3% below its estimated fair value. The current Price-to-Tangible-Book is 1.82 and 30.5% below the Medical Devices & Instruments industry median of 2.62. CleanSpace Holdings' overall GF Score™ is 39/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For CleanSpace Holdings (ASX:CSX), the current Price-to-Tangible-Book is 1.82 as of Sep. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CleanSpace Holdings (ASX:CSX) Overvalued in 2026?
Based on GuruFocus' analysis, CleanSpace Holdings stock appears to be undervalued.
The current stock price of A$0.43 is trading 18.3% below its estimated GF Value™ of A$0.52.
GuruFocus considers CleanSpace Holdings to be Modestly Undervalued.
Key valuation signals for ASX:CSX:
Price-to-Tangible-Book: 1.82
GF Value™: A$0.52 vs. price of A$0.43 (18.3% below fair value)
Industry Position: 30.5% below the Medical Devices & Instruments median (#261 of 701)
No single metric tells the full story. See the ASX:CSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CleanSpace Holdings Ltd manufactures and sells respirators and related products and services. Its products include Compare, CleanSpace HALO, CleanSpace ULTRA, Masks, Filters, and Compatible Products. The company's operating segment is based on regions that include, Europe, Asia, and North America, and the majority of its revenue is generated from Europe.
39GF Score
Get the complete analysis for ASX:CSX
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:CSX has been successfully added to your 
