MGI Tech CoSHSE:688114 -1.51%61 Price-to-Tangible-Book is 3.16 as of Jun. 24, 2026, which is 17% below its 10-year median of 3.80. GuruFocus rates SHSE:688114 with a GF Score™ of 61/100 and a GF Value™ of ¥66.62 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 700 Medical Devices & Instruments companies, MGI Tech Co ranks worse than 55.29% on this metric.
As of today (2026-06-24), MGI Tech Co's share price is ¥49.56. MGI Tech Co's Tangible Book per Share of Mar. 2026 for the quarter that ended in Mar. 2026 was ¥15.67. Hence, MGI Tech Co's Price to Tangible Book Ratio of today is 3.16.
The historical rank and industry rank for MGI Tech Co's Price-to-Tangible-Book or its related term are showing as below:
SHSE:688114'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.62 Med: 3.8 Max: 5.28
Current: 3.16
During the past 9 years, MGI Tech Co's highest Price to Tangible Book Ratio was 5.28. The lowest was 2.62. And the median was 3.80.
SHSE:688114's Price-to-Tangible-Book is ranked worse than 55.29% of 700
companies
in the Medical Devices & Instruments industry
Industry Median: 2.6
vs SHSE:688114: 3.16
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.
MGI Tech Co Price-to-Tangible-Book Related Terms
MGI Tech Co Price-to-Tangible-Book Historical Data
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The historical data trend for MGI Tech 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.
SHSE:688114 vs ABT, SYK, MDT: Price-to-Tangible-Book Comparison
For the Medical Devices subindustry, MGI Tech 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.
MGI Tech Co Price-to-Tangible-Book vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, MGI Tech Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where MGI Tech 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.
MGI Tech Co (SHSE:688114) has a Price-to-Tangible-Book of 3.16 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 MGI Tech Co and its competitors. This is 17% below median its historical median of 3.80. Over the past decade, MGI Tech Co's Price-to-Tangible-Book has ranged from 2.62 to 5.28. According to the industry distribution chart, MGI Tech Co ranks #387 out of 700 companies in the Medical Devices & Instruments industry, placing it in the top 55.3%.
Is MGI Tech Co's Price-to-Tangible-Book too high?
MGI Tech Co's current Price-to-Tangible-Book of 3.16 is 17% below median its 10-year median of 3.80. Over the past 10 years, this metric has ranged from a low of 2.62 to a high of 5.28. The Medical Devices & Instruments industry median Price-to-Tangible-Book is 2.60. MGI Tech Co's value of 3.16 is 21.5% above this industry median. Based on the distribution chart, MGI Tech Co ranks #387 out of 700 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, MGI Tech Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MGI Tech Co's Price-to-Tangible-Book compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, MGI Tech Co ranks #387 out of 700 companies for Price-to-Tangible-Book. This places MGI Tech Co in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.60. MGI Tech Co's value of 3.16 is 21.5% above this benchmark. Historically, MGI Tech Co's own Price-to-Tangible-Book has ranged from 2.62 to 5.28 over the past decade. While the company's 10-year median is 3.80 vs. the industry median of 2.60, MGI Tech 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. MGI Tech Co's current Price-to-Tangible-Book of 3.16 is 21.5% 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 MGI Tech 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. MGI Tech Co's current Price-to-Tangible-Book is 3.16, which is 17% below median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGI Tech Co stock overvalued right now?
Based on GuruFocus' analysis, MGI Tech Co (SHSE:688114) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥66.62, compared to a current price of ¥49.56 — trading 25.6% below its estimated fair value. The current Price-to-Tangible-Book is 3.16, which is 17% below median its 10-year median of 3.80 and 21.5% above the Medical Devices & Instruments industry median of 2.60. MGI Tech Co's overall GF Score™ is 61/100 with 3 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 MGI Tech Co (SHSE:688114), the current Price-to-Tangible-Book is 3.16 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 MGI Tech Co (SHSE:688114) Overvalued in 2026?
Based on GuruFocus' analysis, MGI Tech Co stock appears to be undervalued.
The current stock price of ¥49.56 is trading 25.6% below its estimated GF Value™ of ¥66.62.
GuruFocus considers MGI Tech Co to be Modestly Undervalued.
Key valuation signals for SHSE:688114:
Price-to-Tangible-Book: 3.16 (17% below median its 10-year median of 3.80)
GF Value™: ¥66.62 vs. price of ¥49.56 (25.6% below fair value)
Industry Position: 21.5% above the Medical Devices & Instruments median (#387 of 700)
No single metric tells the full story. See the SHSE:688114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare, and other relevant industries.
61GF Score
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