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Adicon Holdings (Adicon Holdings) Price-to-Tangible-Book : 5.21 (As of May. 26, 2024)


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What is Adicon Holdings Price-to-Tangible-Book?

As of today (2024-05-26), Adicon Holdings's share price is $1.48. Adicon Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.28. Hence, Adicon Holdings's Price to Tangible Book Ratio of today is 5.21.

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

ADCNF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4   Med: 5.87   Max: 5.87
Current: 4

During the past 4 years, Adicon Holdings's highest Price to Tangible Book Ratio was 5.87. The lowest was 4.00. And the median was 5.87.

ADCNF's Price-to-Tangible-Book is ranked worse than
63.25% of 166 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.47 vs ADCNF: 4.00

A closely related ratio is called PB Ratio. As of today, Adicon Holdings's share price is $1.48. Adicon Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.33. Hence, Adicon Holdings's P/B Ratio of today is 4.50.

Adicon Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Adicon Holdings'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.

Adicon Holdings Price-to-Tangible-Book Chart

Adicon Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
- - - -

Adicon Holdings Quarterly Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial - - - - -

Competitive Comparison of Adicon Holdings's Price-to-Tangible-Book

For the Diagnostics & Research subindustry, Adicon Holdings'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.

Adicon Holdings's Price-to-Tangible-Book Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Adicon Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Adicon Holdings's Price-to-Tangible-Book falls into.


Adicon Holdings Price-to-Tangible-Book Calculation

Adicon Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=1.48/0.284
=5.21

* 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:

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.

Adicon Holdings Price-to-Tangible-Book Related Terms

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

Adicon Holdings (Adicon Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Adicon Holdings Ltd (OTCPK:ADCNF) » Definitions » Price-to-Tangible-Book
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Traded in Other Exchanges
09860:Hong Kong
Address
No. 208, Zhenzhong Road, West Lake, Zhejiang, Hangzhou, CHN
Website
https://www.adicon.com.cn
Adicon Holdings Ltd is one of the top three independent clinical laboratory or ICL, service providers in China. The company offers comprehensive and best-in-class testing services primarily to hospitals and health check centers through an integrated network of 33 self-operated laboratories across China. The high quality of its services is backed by its strong performance in terms of international accreditation and comprehensive testing menu. Its testing portfolio consists of over 4,000 medical diagnostic tests, including over 1,700 routine tests and over 2,300 esoteric tests. It has three major service platforms. Among them, the inspection service platform consists of clinical, pathology, reproductive genetic, genetic, and mass spectrometry laboratories.

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