Zhejiang Gongdong Medical Technology CoSHSE:605369 +7.44%75 Price-to-Tangible-Book is 2.86 as of Jun. 24, 2026, which is 39% below its 10-year median of 4.71. GuruFocus rates SHSE:605369 with a GF Score™ of 75/100 and a GF Value™ of ¥25.45 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 700 Medical Devices & Instruments companies, Zhejiang Gongdong Medical Technology Co ranks worse than 53.29% on this metric.
SHSE:605369'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.32 Med: 4.71 Max: 12.35
Current: 2.86
During the past 10 years, Zhejiang Gongdong Medical Technology Co's highest Price to Tangible Book Ratio was 12.35. The lowest was 2.32. And the median was 4.71.
SHSE:605369's Price-to-Tangible-Book is ranked worse than 53.29% of 700
companies
in the Medical Devices & Instruments industry
Industry Median: 2.6
vs SHSE:605369: 2.86
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.
Zhejiang Gongdong Medical Technology Co Price-to-Tangible-Book Related Terms
Zhejiang Gongdong Medical Technology Co Price-to-Tangible-Book Historical Data
* 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.
Zhejiang Gongdong Medical Technology Co Price-to-Tangible-Book Chart
Zhejiang Gongdong Medical Technology Co Annual Data
SHSE:605369 vs ISRG, BDX, MDLN: Price-to-Tangible-Book Comparison
For the Medical Instruments & Supplies subindustry, Zhejiang Gongdong Medical Technology 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.
Zhejiang Gongdong Medical Technology Co Price-to-Tangible-Book vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Zhejiang Gongdong Medical Technology Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Zhejiang Gongdong Medical Technology Co's Price-to-Tangible-Book falls into.
* 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.
Zhejiang Gongdong Medical Technology Co (SHSE:605369) has a Price-to-Tangible-Book of 2.86 as of Jun. 24, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Zhejiang Gongdong Medical Technology Co and its competitors. This is 39% below median its historical median of 4.71. Over the past decade, Zhejiang Gongdong Medical Technology Co's Price-to-Tangible-Book has ranged from 2.32 to 12.35. According to the industry distribution chart, Zhejiang Gongdong Medical Technology Co ranks #373 out of 700 companies in the Medical Devices & Instruments industry, placing it in the top 53.3%.
Is Zhejiang Gongdong Medical Technology Co's Price-to-Tangible-Book too high?
Zhejiang Gongdong Medical Technology Co's current Price-to-Tangible-Book of 2.86 is 39% below median its 10-year median of 4.71. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 12.35. The Medical Devices & Instruments industry median Price-to-Tangible-Book is 2.60. Zhejiang Gongdong Medical Technology Co's value of 2.86 is 10% above this industry median. Based on the distribution chart, Zhejiang Gongdong Medical Technology Co ranks #373 out of 700 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Zhejiang Gongdong Medical Technology Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Gongdong Medical Technology Co's Price-to-Tangible-Book compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Zhejiang Gongdong Medical Technology Co ranks #373 out of 700 companies for Price-to-Tangible-Book. This places Zhejiang Gongdong Medical Technology Co in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.60. Zhejiang Gongdong Medical Technology Co's value of 2.86 is 10% above this benchmark. Historically, Zhejiang Gongdong Medical Technology Co's own Price-to-Tangible-Book has ranged from 2.32 to 12.35 over the past decade. While the company's 10-year median is 4.71 vs. the industry median of 2.60, Zhejiang Gongdong Medical Technology Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Medical Devices & Instruments company?
The median Price-to-Tangible-Book among Medical Devices & Instruments companies is 2.60, based on 700 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zhejiang Gongdong Medical Technology Co's current Price-to-Tangible-Book of 2.86 is 10% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Zhejiang Gongdong Medical Technology Co and its competitors. For the Medical Devices & Instruments industry, the median Price-to-Tangible-Book is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Gongdong Medical Technology Co's current Price-to-Tangible-Book is 2.86, which is 39% below median its own 10-year median of 4.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Gongdong Medical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Gongdong Medical Technology Co (SHSE:605369) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥25.45, compared to a current price of ¥18.20 — trading 28.5% below its estimated fair value. The current Price-to-Tangible-Book is 2.86, which is 39% below median its 10-year median of 4.71 and 10% above the Medical Devices & Instruments industry median of 2.60. Zhejiang Gongdong Medical Technology Co's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Zhejiang Gongdong Medical Technology Co (SHSE:605369), the current Price-to-Tangible-Book is 2.86 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zhejiang Gongdong Medical Technology Co (SHSE:605369) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Gongdong Medical Technology Co stock appears to be undervalued.
The current stock price of ¥18.20 is trading 28.5% below its estimated GF Value™ of ¥25.45.
GuruFocus considers Zhejiang Gongdong Medical Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:605369:
Price-to-Tangible-Book: 2.86 (39% below median its 10-year median of 4.71)
GF Value™: ¥25.45 vs. price of ¥18.20 (28.5% below fair value)
Industry Position: 10% above the Medical Devices & Instruments median (#373 of 700)
No single metric tells the full story. See the SHSE:605369 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Gongdong Medical Technology Co Business Description
Zhejiang Gongdong Medical Technology Co Ltd is engaged in production and sales of disposable medical devices, and medical testing supplies. The company's products include Vacuum Blood collection system; Specimen Collection system; Petri Dish Family; Centrifugation Tube; Vaginal Speculum; Surgical Supplies; Pipette tip; Transfer Pipette; Test Tube; Test Tube Racks; and Colorimetric Cup.
75GF Score
Get the complete analysis for SHSE:605369
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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