Ostin Technology Group Co (Ostin Technology Group Co) Price-to-Tangible-Book : 0.75 (As of May. 16, 2024)

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What is Ostin Technology Group Co Price-to-Tangible-Book?

As of today (2024-05-16), Ostin Technology Group Co's share price is $0.4025. Ostin Technology Group Co's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $0.54. Hence, Ostin Technology Group Co's Price to Tangible Book Ratio of today is 0.75.

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

OST' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.75 Med: 1.03 Max: 1.3
Current: 0.75

During the past 5 years, Ostin Technology Group Co's highest Price to Tangible Book Ratio was 1.30. The lowest was 0.75. And the median was 1.03.

OST's Price-to-Tangible-Book is ranked better than
85.8% of 2303 companies
in the Hardware industry
Industry Median: 2.05 vs OST: 0.75

A closely related ratio is called PB Ratio. As of today, Ostin Technology Group Co's share price is $0.4025. Ostin Technology Group Co's Book Value per Sharefor the quarter that ended in Sep. 2023 was $1.00. Hence, Ostin Technology Group Co's P/B Ratio of today is 0.40.

Ostin Technology Group Co Price-to-Tangible-Book Historical Data

The historical data trend for Ostin Technology Group 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.

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Ostin Technology Group Co Price-to-Tangible-Book Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Price-to-Tangible-Book

0.76

1.30

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial				-	-	0.76	0.83	1.30

Competitive Comparison of Ostin Technology Group Co's Price-to-Tangible-Book

For the Electronic Components subindustry, Ostin Technology Group 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.

Ostin Technology Group Co's Price-to-Tangible-Book Distribution in the Hardware Industry

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

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

Ostin Technology Group Co Price-to-Tangible-Book Calculation

Ostin Technology Group Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.4025	/	0.535
	=	0.75

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.

Ostin Technology Group Co Price-to-Tangible-Book Related Terms

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Ostin Technology Group Co (Ostin Technology Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ostin Technology Group Co Ltd (NAS:OST) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Nanjing, CHN, 210046

Website

http://www.austinelec.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel.