TJK Machinery (Tianjin) Co (SZSE:300823) Price-to-Tangible-Book : 2.07 (As of May. 16, 2024)

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What is TJK Machinery (Tianjin) Co Price-to-Tangible-Book?

As of today (2024-05-16), TJK Machinery (Tianjin) Co's share price is ¥19.65. TJK Machinery (Tianjin) Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥9.49. Hence, TJK Machinery (Tianjin) Co's Price to Tangible Book Ratio of today is 2.07.

The historical rank and industry rank for TJK Machinery (Tianjin) Co's Price-to-Tangible-Book or its related term are showing as below:

SZSE:300823' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.74 Med: 2.52 Max: 3.77
Current: 2.07

During the past 12 years, TJK Machinery (Tianjin) Co's highest Price to Tangible Book Ratio was 3.77. The lowest was 1.74. And the median was 2.52.

SZSE:300823's Price-to-Tangible-Book is ranked better than
51.62% of 2832 companies
in the Industrial Products industry
Industry Median: 2.12 vs SZSE:300823: 2.07

A closely related ratio is called PB Ratio. As of today, TJK Machinery (Tianjin) Co's share price is ¥19.65. TJK Machinery (Tianjin) Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥10.53. Hence, TJK Machinery (Tianjin) Co's P/B Ratio of today is 1.87.

TJK Machinery (Tianjin) Co Price-to-Tangible-Book Historical Data

The historical data trend for TJK Machinery (Tianjin) 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.

TJK Machinery (Tianjin) Co Price-to-Tangible-Book Chart

TJK Machinery (Tianjin) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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3.30

2.44

1.74

2.30

TJK Machinery (Tianjin) 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															1.88	2.29	2.89	2.30	1.86

Competitive Comparison of TJK Machinery (Tianjin) Co's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, TJK Machinery (Tianjin) 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.

TJK Machinery (Tianjin) Co's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TJK Machinery (Tianjin) Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where TJK Machinery (Tianjin) Co's Price-to-Tangible-Book falls into.

TJK Machinery (Tianjin) Co Price-to-Tangible-Book Calculation

TJK Machinery (Tianjin) 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 )
	=	19.65	/	9.486
	=	2.07

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.

TJK Machinery (Tianjin) Co Price-to-Tangible-Book Related Terms

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

TJK Machinery (Tianjin) Co (SZSE:300823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Machinery (Tianjin) Co Ltd (SZSE:300823) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Wuwei Road, Lugang Logistics Equipment Industrial Park, Beichen District, Tianjin, CHN, 300408

Website

https://www.tjkmachinery.com

TJK Machinery (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.

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