Bright Future Technology Holdings (HKSE:01351) Price-to-Tangible-Book : 0.71 (As of Jun. 22, 2024)

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What is Bright Future Technology Holdings Price-to-Tangible-Book?

As of today (2024-06-22), Bright Future Technology Holdings's share price is HK$0.226. Bright Future Technology Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.32. Hence, Bright Future Technology Holdings's Price to Tangible Book Ratio of today is 0.71.

The historical rank and industry rank for Bright Future Technology Holdings's Price-to-Tangible-Book or its related term are showing as below:

HKSE:01351' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.67 Med: 1.12 Max: 2.91
Current: 0.71

During the past 7 years, Bright Future Technology Holdings's highest Price to Tangible Book Ratio was 2.91. The lowest was 0.67. And the median was 1.12.

HKSE:01351's Price-to-Tangible-Book is ranked better than
80.36% of 774 companies
in the Media - Diversified industry
Industry Median: 1.81 vs HKSE:01351: 0.71

A closely related ratio is called PB Ratio. As of today, Bright Future Technology Holdings's share price is HK$0.226. Bright Future Technology Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.32. Hence, Bright Future Technology Holdings's P/B Ratio of today is 0.70.

Bright Future Technology Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Bright Future Technology 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.

* Premium members only.

Bright Future Technology Holdings Price-to-Tangible-Book Chart

Bright Future Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.91

1.06

1.17

0.81

Bright Future Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial						1.06	0.97	1.17	0.95	0.81

Competitive Comparison of Bright Future Technology Holdings's Price-to-Tangible-Book

For the Advertising Agencies subindustry, Bright Future Technology 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.

Bright Future Technology Holdings's Price-to-Tangible-Book Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Bright Future Technology Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Bright Future Technology Holdings's Price-to-Tangible-Book falls into.

Bright Future Technology Holdings Price-to-Tangible-Book Calculation

Bright Future Technology Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.226	/	0.32
	=	0.71

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.

Bright Future Technology Holdings Price-to-Tangible-Book Related Terms

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

Bright Future Technology Holdings (HKSE:01351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Bright Future Technology Holdings Ltd (HKSE:01351) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinghai Mingcheng Community, Rooms 201-02 & 201-03, Phase 7, Nantou Jiedao Nanshan District, Shenzhen, CHN

Website

http://www.btomorrow.cn

Bright Future Technology Holdings Ltd is a mobile advertising company offering one-stop and tailor-made advertising services to customers in China. It is engaged in the provision of intelligent marketing solutions services in the PRC. It offers customers comprehensive mobile advertising services from promotion planning, advertisement production, and placement to post-publication monitoring to optimize the promotional effectiveness for customers. Its customers have advertising needs at mobile internet media, either for maximizing exposure of their products through advertising or to achieve specific advertising results.

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Bright Future Technology Holdings (HKSE:01351) Headlines

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