MGI Tech Co (SHSE:688114) Price-to-Tangible-Book : 2.84 (As of Jun. 13, 2024)

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What is MGI Tech Co Price-to-Tangible-Book?

As of today (2024-06-13), MGI Tech Co's share price is ¥52.31. MGI Tech Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥18.44. Hence, MGI Tech Co's Price to Tangible Book Ratio of today is 2.84.

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: 2.56 Med: 4.48 Max: 5.28
Current: 2.84

During the past 7 years, MGI Tech Co's highest Price to Tangible Book Ratio was 5.28. The lowest was 2.56. And the median was 4.48.

SHSE:688114's Price-to-Tangible-Book is ranked worse than
51.07% of 701 companies
in the Medical Devices & Instruments industry
Industry Median: 2.76 vs SHSE:688114: 2.84

A closely related ratio is called PB Ratio. As of today, MGI Tech Co's share price is ¥52.31. MGI Tech Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥19.97. Hence, MGI Tech Co's P/B Ratio of today is 2.62.

MGI Tech Co Price-to-Tangible-Book Historical Data

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.

* Premium members only.

MGI Tech Co Price-to-Tangible-Book Chart

MGI Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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5.28

4.48

MGI Tech Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial													4.60	4.21	3.67	4.48	3.21

Competitive Comparison of MGI Tech Co's Price-to-Tangible-Book

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's Price-to-Tangible-Book Distribution in the 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.

MGI Tech Co Price-to-Tangible-Book Calculation

MGI Tech 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 )
	=	52.31	/	18.44
	=	2.84

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.

MGI Tech Co Price-to-Tangible-Book Related Terms

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

MGI Tech Co (SHSE:688114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MGI Tech Co Ltd (SHSE:688114) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

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Address

Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083

Website

http://www.mgi-tech.com

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.

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