Weiqiao Textile Co (Weiqiao Textile Co) Price-to-Tangible-Book : 0.07 (As of May. 25, 2024)

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What is Weiqiao Textile Co Price-to-Tangible-Book?

As of today (2024-05-25), Weiqiao Textile Co's share price is $0.14. Weiqiao Textile Co's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was $1.97. Hence, Weiqiao Textile Co's Price to Tangible Book Ratio of today is 0.07.

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

WQTEF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.08 Med: 0.18 Max: 0.36
Current: 0.23

During the past 13 years, Weiqiao Textile Co's highest Price to Tangible Book Ratio was 0.36. The lowest was 0.08. And the median was 0.18.

WQTEF's Price-to-Tangible-Book is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 1.33 vs WQTEF: 0.23

A closely related ratio is called PB Ratio. As of today, Weiqiao Textile Co's share price is $0.14. Weiqiao Textile Co's Book Value per Sharefor the quarter that ended in Jun. 2023 was $1.97. Hence, Weiqiao Textile Co's P/B Ratio of today is 0.07.

Weiqiao Textile Co Price-to-Tangible-Book Historical Data

The historical data trend for Weiqiao Textile 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.

Weiqiao Textile Co Price-to-Tangible-Book Chart

Weiqiao Textile Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

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0.15

0.14

0.11

0.14

0.08

Weiqiao Textile Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.11	0.14	0.12	0.08	0.10

Competitive Comparison of Weiqiao Textile Co's Price-to-Tangible-Book

For the Textile Manufacturing subindustry, Weiqiao Textile 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.

Weiqiao Textile Co's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Weiqiao Textile Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Weiqiao Textile Co's Price-to-Tangible-Book falls into.

Weiqiao Textile Co Price-to-Tangible-Book Calculation

Weiqiao Textile Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	0.14	/	1.965
	=	0.07

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.

Weiqiao Textile Co Price-to-Tangible-Book Related Terms

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Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (OTCPK:WQTEF) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

02698:Hong Kong WEZ:Germany

Address

No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200

Website

http://www.wqfz.com

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

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