Hangzhou Arcvideo Technology Co (SHSE:688039) Price-to-Tangible-Book : 2.35 (As of May. 22, 2024)

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What is Hangzhou Arcvideo Technology Co Price-to-Tangible-Book?

As of today (2024-05-22), Hangzhou Arcvideo Technology Co's share price is ¥24.83. Hangzhou Arcvideo Technology Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥10.58. Hence, Hangzhou Arcvideo Technology Co's Price to Tangible Book Ratio of today is 2.35.

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

SHSE:688039' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.19 Med: 3.36 Max: 5.5
Current: 2.35

During the past 8 years, Hangzhou Arcvideo Technology Co's highest Price to Tangible Book Ratio was 5.50. The lowest was 2.19. And the median was 3.36.

SHSE:688039's Price-to-Tangible-Book is ranked better than
66.62% of 2088 companies
in the Software industry
Industry Median: 3.63 vs SHSE:688039: 2.35

A closely related ratio is called PB Ratio. As of today, Hangzhou Arcvideo Technology Co's share price is ¥24.83. Hangzhou Arcvideo Technology Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥10.99. Hence, Hangzhou Arcvideo Technology Co's P/B Ratio of today is 2.26.

Hangzhou Arcvideo Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for Hangzhou Arcvideo Technology 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.

Hangzhou Arcvideo Technology Co Price-to-Tangible-Book Chart

Hangzhou Arcvideo Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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4.82

3.34

4.20

2.31

3.37

Hangzhou Arcvideo Technology 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															5.37	3.13	2.88	3.37	2.80

Competitive Comparison of Hangzhou Arcvideo Technology Co's Price-to-Tangible-Book

For the Information Technology Services subindustry, Hangzhou Arcvideo 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.

Hangzhou Arcvideo Technology Co's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Hangzhou Arcvideo Technology Co's Price-to-Tangible-Book distribution charts can be found below:

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

Hangzhou Arcvideo Technology Co Price-to-Tangible-Book Calculation

Hangzhou Arcvideo Technology 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 )
	=	24.83	/	10.583
	=	2.35

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.

Hangzhou Arcvideo Technology Co Price-to-Tangible-Book Related Terms

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

Hangzhou Arcvideo Technology Co (SHSE:688039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Arcvideo Technology Co Ltd (SHSE:688039) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

3 Xidoumen Road, Building A, 16th Floor, Building E, Paradise Software Park, Hangzhou, CHN, 310012

Website

http://www.arcvideo.cn

Hangzhou Arcvideo Technology Co Ltd is engaged in providing large video and intelligent video solutions and video cloud services. The company offers video transcoding, intelligent portrait recognition, full terminal playback, and low-latency video communication And other core algorithm research and application, in China for radio and television media, Internet video, education, public security, justice, social security, government and other large video industries.

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