Niutech Group (NGM:NIUTEC) Price-to-Tangible-Book : 36.16 (As of Jun. 20, 2024)

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What is Niutech Group Price-to-Tangible-Book?

As of today (2024-06-20), Niutech Group's share price is kr6.40. Niutech Group's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was kr0.18. Hence, Niutech Group's Price to Tangible Book Ratio of today is 36.16.

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

NGM:NIUTEC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.6 Med: 5.08 Max: 39.77
Current: 35.56

During the past 4 years, Niutech Group's highest Price to Tangible Book Ratio was 39.77. The lowest was 2.60. And the median was 5.08.

NGM:NIUTEC's Price-to-Tangible-Book is ranked worse than
97.68% of 947 companies
in the Semiconductors industry
Industry Median: 2.77 vs NGM:NIUTEC: 35.56

A closely related ratio is called PB Ratio. As of today, Niutech Group's share price is kr6.40. Niutech Group's Book Value per Sharefor the quarter that ended in Mar. 2024 was kr5.31. Hence, Niutech Group's P/B Ratio of today is 1.21.

Niutech Group Price-to-Tangible-Book Historical Data

The historical data trend for Niutech Group'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.

Niutech Group Price-to-Tangible-Book Chart

Niutech Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

5.79

5.52

5.84

Niutech Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial									2.80	2.96	2.60	5.84	39.77

Competitive Comparison of Niutech Group's Price-to-Tangible-Book

For the Solar subindustry, Niutech Group'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.

Niutech Group's Price-to-Tangible-Book Distribution in the Semiconductors Industry

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

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

Niutech Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	6.40	/	0.177
	=	36.16

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.

Niutech Group Price-to-Tangible-Book Related Terms

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

Niutech Group (NGM:NIUTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Niutech Group (NGM:NIUTEC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

Skjutbanevagen 11, Orebro, SWE, 703 69

Website

https://www.sun4energy.se

Sun4Energy Group AB is engaged in designing, installing, and commissioning solar cell systems and electric car chargers, both AC and DC chargers for private individuals, companies, and municipalities. The company's goal is to contribute solutions that accelerate the transition to efficient and fossil-free energy solutions.

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