Impro Precision Industries (HKSE:01286) Price-to-Tangible-Book : 0.94 (As of May. 02, 2024)

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What is Impro Precision Industries Price-to-Tangible-Book?

As of today (2024-05-02), Impro Precision Industries's share price is HK$2.21. Impro Precision Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$2.35. Hence, Impro Precision Industries's Price to Tangible Book Ratio of today is 0.94.

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

HKSE:01286' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.81 Med: 1.07 Max: 1.72
Current: 0.94

During the past 8 years, Impro Precision Industries's highest Price to Tangible Book Ratio was 1.72. The lowest was 0.81. And the median was 1.07.

HKSE:01286's Price-to-Tangible-Book is ranked better than
83.84% of 2822 companies
in the Industrial Products industry
Industry Median: 2.115 vs HKSE:01286: 0.94

A closely related ratio is called PB Ratio. As of today, Impro Precision Industries's share price is HK$2.21. Impro Precision Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$2.59. Hence, Impro Precision Industries's P/B Ratio of today is 0.85.

Impro Precision Industries Price-to-Tangible-Book Historical Data

The historical data trend for Impro Precision Industries'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.

Impro Precision Industries Price-to-Tangible-Book Chart

Impro Precision Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.72

1.20

0.81

1.07

1.02

Impro Precision Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial									0.81	0.95	1.07	1.13	1.02

Competitive Comparison of Impro Precision Industries's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, Impro Precision Industries'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.

Impro Precision Industries's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Impro Precision Industries's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Impro Precision Industries's Price-to-Tangible-Book falls into.

Impro Precision Industries Price-to-Tangible-Book Calculation

Impro Precision Industries's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.21	/	2.352
	=	0.94

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.

Impro Precision Industries Price-to-Tangible-Book Related Terms

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

Impro Precision Industries (HKSE:01286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Impro Precision Industries Ltd (HKSE:01286) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

7IP:Germany

Address

6-8 Harbour Road, Unit 803, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.improprecision.com

Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. Its geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

Impro Precision Industries (HKSE:01286) Headlines

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