China Meheco Group Co (SHSE:600056) Price-to-Tangible-Book : 1.75 (As of May. 03, 2024)

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What is China Meheco Group Co Price-to-Tangible-Book?

As of today (2024-05-03), China Meheco Group Co's share price is ¥11.12. China Meheco Group Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥6.36. Hence, China Meheco Group Co's Price to Tangible Book Ratio of today is 1.75.

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

SHSE:600056' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.45 Med: 2.62 Max: 5.16
Current: 1.75

During the past 13 years, China Meheco Group Co's highest Price to Tangible Book Ratio was 5.16. The lowest was 1.45. And the median was 2.62.

SHSE:600056's Price-to-Tangible-Book is ranked worse than
57.32% of 82 companies
in the Medical Distribution industry
Industry Median: 1.505 vs SHSE:600056: 1.75

A closely related ratio is called PB Ratio. As of today, China Meheco Group Co's share price is ¥11.12. China Meheco Group Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥7.83. Hence, China Meheco Group Co's P/B Ratio of today is 1.42.

China Meheco Group Co Price-to-Tangible-Book Historical Data

The historical data trend for China Meheco Group 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.

China Meheco Group Co Price-to-Tangible-Book Chart

China Meheco Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.03

1.93

1.55

2.93

1.77

China Meheco Group 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															2.27	2.14	2.04	1.77	1.73

Competitive Comparison of China Meheco Group Co's Price-to-Tangible-Book

For the Medical Distribution subindustry, China Meheco Group 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.

China Meheco Group Co's Price-to-Tangible-Book Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China Meheco Group Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Meheco Group Co's Price-to-Tangible-Book falls into.

China Meheco Group Co Price-to-Tangible-Book Calculation

China Meheco Group 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 )
	=	11.12	/	6.364
	=	1.75

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.

China Meheco Group Co Price-to-Tangible-Book Related Terms

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China Meheco Group Co (SHSE:600056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China Meheco Group Co Ltd (SHSE:600056) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Guangming Zhongjie, Dongcheng District, Beijing, CHN, 100061

Website

http://www.meheco.com

China Meheco Group Co Ltd is engaged in the distribution and trading of botanical medicines, medical instruments, and pharmaceuticals. It offers botanic medicines and herbal products, as well as exports of natural medicines, including herbs, spices, plant extracts, bee products, Chinese traditional medicines. The company's business scope covers the whole industry chain, from research and development, cultivation and processing, manufacturing, distribution, logistics to international trading, academic promotion and technical service. The corporation provides trading services for customers in the pharmaceutical and chemical field, covering APIs, preparations, biologicals, blood products and others.

China Meheco Group Co (SHSE:600056) Headlines

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