Bairong (HKSE:06608) Price-to-Tangible-Book : 0.98 (As of Jun. 17, 2024)

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What is Bairong Price-to-Tangible-Book?

As of today (2024-06-17), Bairong's share price is HK$9.32. Bairong's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$9.55. Hence, Bairong's Price to Tangible Book Ratio of today is 0.98.

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

HKSE:06608' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.96 Med: 1.22 Max: 1.42
Current: 0.98

During the past 7 years, Bairong's highest Price to Tangible Book Ratio was 1.42. The lowest was 0.96. And the median was 1.22.

HKSE:06608's Price-to-Tangible-Book is ranked better than
91.93% of 2083 companies
in the Software industry
Industry Median: 3.48 vs HKSE:06608: 0.98

A closely related ratio is called PB Ratio. As of today, Bairong's share price is HK$9.32. Bairong's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$9.93. Hence, Bairong's P/B Ratio of today is 0.94.

Bairong Price-to-Tangible-Book Historical Data

The historical data trend for Bairong'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.

Bairong Price-to-Tangible-Book Chart

Bairong Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.07

1.22

1.42

Bairong Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial						1.07	1.08	1.22	1.03	1.42

Competitive Comparison of Bairong's Price-to-Tangible-Book

For the Software - Infrastructure subindustry, Bairong'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.

Bairong's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Bairong's Price-to-Tangible-Book distribution charts can be found below:

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

Bairong Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	9.32	/	9.553
	=	0.98

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.

Bairong Price-to-Tangible-Book Related Terms

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

Bairong (HKSE:06608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bairong Inc (HKSE:06608) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

6B5:Germany

Address

No.10 Furong Street, 1-3/F, Tower A, Chaoyang District, Beijing, CHN

Website

https://www.brgroup.com

Bairong Inc is an independent AI-powered technology platform in China serving the financial services industry. It is driven by science and technology, and continuously explores the scenarios and applications of cutting-edge technologies such as artificial intelligence, cloud computing, and blockchain in the financial field, empowering financial institutions to innovate and transform digitally, and help financial inclusion.

Executives

Hong Jing	2201 Interest of corporation controlled by you
Zhang Shaofeng	2101 Beneficial owner
Genisage Tech Inc.	2101 Beneficial owner
Genisage Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhuhai Gaoling Tiancheng Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Tianjin Gltc Enterprise Management Consultation, L.p.	2201 Interest of corporation controlled by you
Hh Br-i Holdings Limited	2101 Beneficial owner
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Shanghai Zhexuan Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Beijing Sequoia Xinyuan Equity Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Max Elegant Limited	2101 Beneficial owner
Sequoia Capital Equity Investment Management (tianjin) Limited	2201 Interest of corporation controlled by you
Tianjin Sequoia Huanrong Enterprise Management Consulting Center L.p.	2201 Interest of corporation controlled by you
Zhou Kui	2201 Interest of corporation controlled by you

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