Adicon Holdings (HKSE:09860) PB Ratio : 3.49 (As of May. 17, 2024)

View and export this data going back to 2023. Start your Free Trial

What is Adicon Holdings 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 (2024-05-17), Adicon Holdings's share price is HK$8.96. Adicon Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was HK$2.57. Hence, Adicon Holdings's PB Ratio of today is 3.49.

Good Sign:

Adicon Holdings Ltd stock PB Ratio (=3.43) is close to 1-year low of 3.43

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

HKSE:09860' s PB Ratio Range Over the Past 10 Years
Min: 3.34 Med: 13.48 Max: 21.04
Current: 3.49

During the past 4 years, Adicon Holdings's highest PB Ratio was 21.04. The lowest was 3.34. And the median was 13.48.

HKSE:09860's PB Ratio is ranked worse than
75.12% of 205 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.15 vs HKSE:09860: 3.49

During the past 12 months, Adicon Holdings's average Book Value Per Share Growth Rate was 225.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 15.30% per year.

During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Adicon Holdings was 15.30% per year. The lowest was 15.30% per year. And the median was 15.30% per year.

Back to Basics: PB Ratio

Adicon Holdings PB Ratio Historical Data

The historical data trend for Adicon Holdings'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.

Adicon Holdings PB Ratio Chart

Adicon Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

PB Ratio

5.08

Adicon Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial			-	-	-	6.69	5.08

Competitive Comparison of Adicon Holdings's PB Ratio

For the Diagnostics & Research subindustry, Adicon Holdings'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.

Adicon Holdings's PB Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Adicon Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Adicon Holdings's PB Ratio falls into.

Adicon Holdings 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.

Adicon Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	8.96	/	2.569
	=	3.49

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.

Adicon Holdings (HKSE:09860) 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.

Adicon Holdings PB Ratio Related Terms

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

Adicon Holdings (HKSE:09860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Adicon Holdings Ltd (HKSE:09860) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

ADCNF:USA

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.

Adicon Holdings (HKSE:09860) Headlines

No Headlines