Guanze Medical Information Industry (Holding) Co (HKSE:02427) Price-to-Tangible-Book : 2.56 (As of Jun. 24, 2024)

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What is Guanze Medical Information Industry (Holding) Co Price-to-Tangible-Book?

As of today (2024-06-24), Guanze Medical Information Industry (Holding) Co's share price is HK$0.78. Guanze Medical Information Industry (Holding) Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.31. Hence, Guanze Medical Information Industry (Holding) Co's Price to Tangible Book Ratio of today is 2.56.

The historical rank and industry rank for Guanze Medical Information Industry (Holding) Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:02427' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.32 Med: 3.74 Max: 5.15
Current: 2.52

During the past 5 years, Guanze Medical Information Industry (Holding) Co's highest Price to Tangible Book Ratio was 5.15. The lowest was 2.32. And the median was 3.74.

HKSE:02427's Price-to-Tangible-Book is ranked worse than
51.52% of 165 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.47 vs HKSE:02427: 2.52

A closely related ratio is called PB Ratio. As of today, Guanze Medical Information Industry (Holding) Co's share price is HK$0.78. Guanze Medical Information Industry (Holding) Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.31. Hence, Guanze Medical Information Industry (Holding) Co's P/B Ratio of today is 2.52.

Guanze Medical Information Industry (Holding) Co Price-to-Tangible-Book Historical Data

The historical data trend for Guanze Medical Information Industry (Holding) Co'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.

Guanze Medical Information Industry (Holding) Co Price-to-Tangible-Book Chart

Guanze Medical Information Industry (Holding) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

5.15

2.33

Guanze Medical Information Industry (Holding) Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	5.15	1.48	2.33

Competitive Comparison of Guanze Medical Information Industry (Holding) Co's Price-to-Tangible-Book

For the Diagnostics & Research subindustry, Guanze Medical Information Industry (Holding) Co'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.

Guanze Medical Information Industry (Holding) Co's Price-to-Tangible-Book Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Guanze Medical Information Industry (Holding) Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Guanze Medical Information Industry (Holding) Co's Price-to-Tangible-Book falls into.

Guanze Medical Information Industry (Holding) Co Price-to-Tangible-Book Calculation

Guanze Medical Information Industry (Holding) Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.78	/	0.305
	=	2.56

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.

Guanze Medical Information Industry (Holding) Co Price-to-Tangible-Book Related Terms

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Guanze Medical Information Industry (Holding) Co (HKSE:02427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Guanze Medical Information Industry (Holding) Co Ltd (HKSE:02427) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2966 Chunhui Road, Room 501-A, Block 10 Strategic Emerging Industry Base, High-tech Zone, Shandong Province, Jinan, CHN

Website

https://www.guanzegroup.com

Guanze Medical Information Industry (Holding) Co Ltd is a medical imaging solutions provider, principally engaged in providing medical imaging film products and medical imaging cloud services in Shandong Province.

Executives

Meng A Capital Limited	2101 Beneficial owner
Meng Xianzhen	2201 Interest of corporation controlled by you
Yang Duanling	2202 Interest of your spouse

Guanze Medical Information Industry (Holding) Co (HKSE:02427) Headlines

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