GoFintech Innovation (HKSE:00290) Price-to-Tangible-Book : 9.33 (As of Jun. 20, 2024)

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What is GoFintech Innovation Price-to-Tangible-Book?

As of today (2024-06-20), GoFintech Innovation's share price is HK$0.97. GoFintech Innovation's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was HK$0.10. Hence, GoFintech Innovation's Price to Tangible Book Ratio of today is 9.33.

The historical rank and industry rank for GoFintech Innovation's Price-to-Tangible-Book or its related term are showing as below:

HKSE:00290' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.54 Med: 1.74 Max: 9.7
Current: 9.7

During the past 13 years, GoFintech Innovation's highest Price to Tangible Book Ratio was 9.70. The lowest was 0.54. And the median was 1.74.

HKSE:00290's Price-to-Tangible-Book is ranked worse than
91.56% of 474 companies
in the Diversified Financial Services industry
Industry Median: 1.805 vs HKSE:00290: 9.70

A closely related ratio is called PB Ratio. As of today, GoFintech Innovation's share price is HK$0.97. GoFintech Innovation's Book Value per Sharefor the quarter that ended in Sep. 2023 was HK$0.10. Hence, GoFintech Innovation's P/B Ratio of today is 9.33.

GoFintech Innovation Price-to-Tangible-Book Historical Data

The historical data trend for GoFintech Innovation'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.

* Premium members only.

GoFintech Innovation Price-to-Tangible-Book Chart

GoFintech Innovation Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

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1.61

1.43

1.17

0.68

1.04

GoFintech Innovation Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.85	0.68	0.94	1.04	0.54

Competitive Comparison of GoFintech Innovation's Price-to-Tangible-Book

For the Financial Conglomerates subindustry, GoFintech Innovation'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.

GoFintech Innovation's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, GoFintech Innovation's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where GoFintech Innovation's Price-to-Tangible-Book falls into.

GoFintech Innovation Price-to-Tangible-Book Calculation

GoFintech Innovation's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.97	/	0.104
	=	9.33

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Be Aware

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.

GoFintech Innovation Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of GoFintech Innovation's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

GoFintech Innovation (HKSE:00290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GoFintech Innovation Ltd (HKSE:00290) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, 41st Floor COSCO Tower, Units No. 4102-06, Hong Kong, HKG

Website

https://www.290.com.hk

GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong and relying on the mainland. Its main business includes Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and insurance brokerage, Asset management, and Equity investment. The majority of the revenue derives from the Asset management segment.

Executives

Liu Zhiwei	2101 Beneficial owner
Wang Tao	2101 Beneficial owner
Star Banner Development Company Limited	2101 Beneficial owner
Yu Dongge	2101 Beneficial owner
Riverhead Capital (international) Management Co., Ltd.	2101 Beneficial owner
Sun Zhuyin	2202 Interest of your spouse
Xie Zhichun	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Santo Limited	2101 Beneficial owner
Jadehero Limited	2101 Beneficial owner
Southlead Limited	2201 Interest of corporation controlled by you
Liberal Expansion Limited	2201 Interest of corporation controlled by you
Whole Advance Limited	2201 Interest of corporation controlled by you
Zhao Xu Guang	2201 Interest of corporation controlled by you

GoFintech Innovation (HKSE:00290) Headlines

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