Chongqing Xishan Science and Technology Co (SHSE:688576) Price-to-Tangible-Book : 1.53 (As of Jun. 21, 2024)

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What is Chongqing Xishan Science and Technology Co Price-to-Tangible-Book?

As of today (2024-06-21), Chongqing Xishan Science and Technology Co's share price is ¥60.84. Chongqing Xishan Science and Technology Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥39.76. Hence, Chongqing Xishan Science and Technology Co's Price to Tangible Book Ratio of today is 1.53.

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

SHSE:688576' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.52 Med: 2.42 Max: 3.41
Current: 1.53

During the past 7 years, Chongqing Xishan Science and Technology Co's highest Price to Tangible Book Ratio was 3.41. The lowest was 1.52. And the median was 2.42.

SHSE:688576's Price-to-Tangible-Book is ranked better than
70.61% of 701 companies
in the Medical Devices & Instruments industry
Industry Median: 2.67 vs SHSE:688576: 1.53

A closely related ratio is called PB Ratio. As of today, Chongqing Xishan Science and Technology Co's share price is ¥60.84. Chongqing Xishan Science and Technology Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥40.15. Hence, Chongqing Xishan Science and Technology Co's P/B Ratio of today is 1.52.

Chongqing Xishan Science and Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for Chongqing Xishan Science and 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.

Chongqing Xishan Science and Technology Co Price-to-Tangible-Book Chart

Chongqing Xishan Science and Technology Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.38

Chongqing Xishan Science and Technology Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial										-	3.41	2.46	2.38	1.81

Competitive Comparison of Chongqing Xishan Science and Technology Co's Price-to-Tangible-Book

For the Medical Instruments & Supplies subindustry, Chongqing Xishan Science and 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.

Chongqing Xishan Science and Technology Co's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Chongqing Xishan Science and Technology Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Chongqing Xishan Science and Technology Co's Price-to-Tangible-Book falls into.

Chongqing Xishan Science and Technology Co Price-to-Tangible-Book Calculation

Chongqing Xishan Science and 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 )
	=	60.84	/	39.761
	=	1.53

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.

Chongqing Xishan Science and Technology Co Price-to-Tangible-Book Related Terms

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Chongqing Xishan Science and Technology Co (SHSE:688576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Chongqing Xishan Science and Technology Co Ltd (SHSE:688576) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Middle Section of Huangshan Avenue, Jupiter Science and Technology Development Center, High-tech Park, North New District, Chongqing, CHN, 401121

Website

https://www.xishantech.com.cn

Chongqing Xishan Science and Technology Co Ltd focuses on surgical instruments, especially in the field of minimally invasive surgical instruments. It is mainly engaged in the research, development, production and sales of minimally invasive surgical instruments. Speculum, energy surgery equipment and other products, currently the products are mainly used in neurosurgery, ENT, orthopedics, breast surgery and other clinical departments. The company's main products are surgical power units, consumables and accessories, which are mainly used for cutting, grinding, planing, sawing, milling and trimming of bone tissue and soft tissue in surgical operations, especially minimally invasive surgical operations.

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