Angelalign Technology (HKSE:06699) PB Ratio : 3.19 (As of May. 23, 2024)

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What is Angelalign Technology PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-23), Angelalign Technology's share price is HK$68.90. Angelalign Technology's Book Value per Share for the quarter that ended in Dec. 2023 was HK$21.61. Hence, Angelalign Technology's PB Ratio of today is 3.19.

The historical rank and industry rank for Angelalign Technology's PB Ratio or its related term are showing as below:

HKSE:06699' s PB Ratio Range Over the Past 10 Years
Min: 1.94 Med: 4.75 Max: 128.52
Current: 3.19

During the past 6 years, Angelalign Technology's highest PB Ratio was 128.52. The lowest was 1.94. And the median was 4.75.

HKSE:06699's PB Ratio is ranked worse than
64.73% of 791 companies
in the Medical Devices & Instruments industry
Industry Median: 2.23 vs HKSE:06699: 3.19

During the past 12 months, Angelalign Technology's average Book Value Per Share Growth Rate was -9.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 81.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 98.80% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Angelalign Technology was 176.60% per year. The lowest was 81.90% per year. And the median was 128.70% per year.

Back to Basics: PB Ratio

Angelalign Technology PB Ratio Historical Data

The historical data trend for Angelalign Technology's PB Ratio 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.

Angelalign Technology PB Ratio Chart

Angelalign Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

Get a 7-Day Free Trial

10.35

5.15

2.62

Angelalign Technology Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial					10.35	6.76	5.15	3.38	2.62

Competitive Comparison of Angelalign Technology's PB Ratio

For the Medical Instruments & Supplies subindustry, Angelalign Technology's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Angelalign Technology's PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Angelalign Technology's PB Ratio distribution charts can be found below:

* The bar in red indicates where Angelalign Technology's PB Ratio falls into.

Angelalign Technology PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Angelalign Technology's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	68.90	/	21.606
	=	3.19

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Angelalign Technology (HKSE:06699) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Angelalign Technology PB Ratio Related Terms

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Angelalign Technology (HKSE:06699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Angelalign Technology Inc (HKSE:06699) » Definitions » PB Ratio

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Traded in Other Exchanges

AGLFF:USA

Address

No. 500 Zhengli Road, 6th Floor - 7th Floor, Building No. 7, KIC Business Center, Yangpu District, Shanghai, CHN

Website

https://www.angelalign.com

Angelalign Technology Inc is an investment holding company. It is principally engaged in clear aligner treatment solutions including treatment planning services, manufacturing, and marketing of clear aligners. The company provides dental professionals with self-developed digital orthodontics solutions. The company's Angelalign clear aligner system facilitates dental professionals throughout the entire clear aligner treatment process, including digitally-assisted case assessment support and treatment planning services, provide dental professionals with digitally-assisted case assessment support and treatment planning services, and helps dental professionals design, review and modify treatment plans.

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