Shenzhen Inovance Technology Co (SZSE:300124) Price-to-Tangible-Book : 7.12 (As of May. 03, 2024)

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What is Shenzhen Inovance Technology Co Price-to-Tangible-Book?

As of today (2024-05-03), Shenzhen Inovance Technology Co's share price is ¥59.50. Shenzhen Inovance Technology Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥8.36. Hence, Shenzhen Inovance Technology Co's Price to Tangible Book Ratio of today is 7.12.

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

SZSE:300124' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.92 Med: 9.41 Max: 19.63
Current: 7.12

During the past 13 years, Shenzhen Inovance Technology Co's highest Price to Tangible Book Ratio was 19.63. The lowest was 5.92. And the median was 9.41.

SZSE:300124's Price-to-Tangible-Book is ranked worse than
87.37% of 2819 companies
in the Industrial Products industry
Industry Median: 2.11 vs SZSE:300124: 7.12

A closely related ratio is called PB Ratio. As of today, Shenzhen Inovance Technology Co's share price is ¥59.50. Shenzhen Inovance Technology Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥9.46. Hence, Shenzhen Inovance Technology Co's P/B Ratio of today is 6.29.

Shenzhen Inovance Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for Shenzhen Inovance Technology 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.

Shenzhen Inovance Technology Co Price-to-Tangible-Book Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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8.66

19.63

13.51

10.79

7.85

Shenzhen Inovance Technology 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															10.30	9.29	9.08	7.85	7.32

Competitive Comparison of Shenzhen Inovance Technology Co's Price-to-Tangible-Book

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance Technology 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.

Shenzhen Inovance Technology Co's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Inovance Technology Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Shenzhen Inovance Technology Co's Price-to-Tangible-Book falls into.

Shenzhen Inovance Technology Co Price-to-Tangible-Book Calculation

Shenzhen Inovance Technology 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 )
	=	59.50	/	8.362
	=	7.12

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.

Shenzhen Inovance Technology Co Price-to-Tangible-Book Related Terms

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Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

Shenzhen Inovance Technology Co (SZSE:300124) Headlines

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