Spine Asia Co (ROCO:6758) Price-to-Tangible-Book : 2.01 (As of May. 05, 2024)

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What is Spine Asia Co Price-to-Tangible-Book?

As of today (2024-05-05), Spine Asia Co's share price is NT$40.50. Spine Asia Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was NT$20.18. Hence, Spine Asia Co's Price to Tangible Book Ratio of today is 2.01.

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

ROCO:6758' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.86 Med: 2.07 Max: 2.63
Current: 2.01

During the past 8 years, Spine Asia Co's highest Price to Tangible Book Ratio was 2.63. The lowest was 1.86. And the median was 2.07.

ROCO:6758's Price-to-Tangible-Book is ranked better than
60.8% of 699 companies
in the Medical Devices & Instruments industry
Industry Median: 2.7 vs ROCO:6758: 2.01

A closely related ratio is called PB Ratio. As of today, Spine Asia Co's share price is NT$40.50. Spine Asia Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was NT$20.34. Hence, Spine Asia Co's P/B Ratio of today is 1.99.

Spine Asia Co Price-to-Tangible-Book Historical Data

The historical data trend for Spine Asia 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.

Spine Asia Co Price-to-Tangible-Book Chart

Spine Asia Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.63

2.20

1.86

1.93

Spine Asia Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial									2.20	2.01	1.86	1.99	1.93

Competitive Comparison of Spine Asia Co's Price-to-Tangible-Book

For the Medical Devices subindustry, Spine Asia 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.

Spine Asia Co's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Spine Asia Co's Price-to-Tangible-Book distribution charts can be found below:

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

Spine Asia Co Price-to-Tangible-Book Calculation

Spine Asia 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 )
	=	40.50	/	20.183
	=	2.01

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.

Spine Asia Co Price-to-Tangible-Book Related Terms

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

Spine Asia Co (ROCO:6758) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Spine Asia Co Ltd (ROCO:6758) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chenggong Road, Yonghe District, 20th Floor, No. 80, Section 1, New Taipei, TWN

Website

http://www.aspine.com.tw

Spine Asia Co Ltd is a medical device company. It is engaged in research, development, manufacturing and marketing of spinal, implants and instruments. The company offers products such as vigor lumbar peek cage, remond polymer cervical cage, combo cervical disc cage.

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