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Ways Electron Co (SHSE:605218) Price-to-Tangible-Book : 2.85 (As of Jun. 22, 2024)


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What is Ways Electron Co Price-to-Tangible-Book?

As of today (2024-06-22), Ways Electron Co's share price is ¥16.68. Ways Electron Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥5.86. Hence, Ways Electron Co's Price to Tangible Book Ratio of today is 2.85.

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

SHSE:605218' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.01   Med: 2.74   Max: 4.51
Current: 2.85

During the past 8 years, Ways Electron Co's highest Price to Tangible Book Ratio was 4.51. The lowest was 2.01. And the median was 2.74.

SHSE:605218's Price-to-Tangible-Book is ranked worse than
65.52% of 2303 companies
in the Hardware industry
Industry Median: 2.07 vs SHSE:605218: 2.85

A closely related ratio is called PB Ratio. As of today, Ways Electron Co's share price is ¥16.68. Ways Electron Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥6.02. Hence, Ways Electron Co's P/B Ratio of today is 2.77.


Ways Electron Co Price-to-Tangible-Book Historical Data

The historical data trend for Ways Electron 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.

Ways Electron Co Price-to-Tangible-Book Chart

Ways Electron Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial - 2.76 3.08 2.46 4.51

Ways Electron Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.87 2.79 2.58 4.51 3.47

Competitive Comparison of Ways Electron Co's Price-to-Tangible-Book

For the Electronic Components subindustry, Ways Electron 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.


Ways Electron Co's Price-to-Tangible-Book Distribution in the Hardware Industry

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

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



Ways Electron Co Price-to-Tangible-Book Calculation

Ways Electron Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=16.68/5.855
=2.85

* 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.

It can also be calculated from the numbers for the whole company:

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.


Ways Electron Co Price-to-Tangible-Book Related Terms

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


Ways Electron Co (SHSE:605218) Business Description

Traded in Other Exchanges
N/A
Address
299 Yunque Road, Precision Machinery Industrial Park, Kunshan Development Zone, Jiangsu Province, Kunshan, CHN, 215300
Ways Electron Co Ltd is engaged in production and sales of backlight display modules, liquid crystal display modules and other products. The company specializes in the research & development, designing, manufacturing and sales area which focus on the products such as Backlight module, Liquid crystal module, Touch screen, related hardware parts and Rubber rollers of OA equipment such as printer.
Executives
Director

Ways Electron Co (SHSE:605218) Headlines

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