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 (2024-05-11), MicroAlgo's share price is $2.26. MicroAlgo's Book Value per Share for the quarter that ended in Dec. 2023 was $8.79. Hence, MicroAlgo's PB Ratio of today is 0.26.
Good Sign:
MicroAlgo Inc stock PB Ratio (=0.28) is close to 2-year low of 0.27
The historical rank and industry rank for MicroAlgo's PB Ratio or its related term are showing as below:
MLGO'
s PB Ratio Range Over the Past 10 Years
Min: 0.27 Med: 1.36 Max: 3.42
Current: 0.28
During the past 4 years, MicroAlgo's highest PB Ratio was 3.42. The lowest was 0.27. And the median was 1.36.
MLGO's PB Ratio is ranked better than 97.83% of 2581
companies
in the Software industry
Industry Median: 2.68
vs MLGO: 0.28
During the past 12 months, MicroAlgo's average Book Value Per Share Growth Rate was -42.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -7.40% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of MicroAlgo was -7.40% per year. The lowest was -7.40% per year. And the median was -7.40% per year.
Back to Basics: PB Ratio
MicroAlgo PB Ratio Historical Data
The historical data trend for MicroAlgo'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.
For the Software - Infrastructure subindustry, MicroAlgo'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.
MicroAlgo's PB Ratio Distribution in the Software Industry
For the Software industry and Technology sector, MicroAlgo's PB Ratio distribution charts can be found below:
* The bar in red indicates where MicroAlgo's PB Ratio falls into.
MicroAlgo 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.
MicroAlgo's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
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.
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.
MicroAlgo PB Ratio Related Terms
Thank you for viewing the detailed overview of MicroAlgo's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Taoyuan Street, Unit 507, Building C, Long Jing High & New Technology Jingu Pioneer Park, Nanshan District, Shenzhen, CHN, 518052
Website
MicroAlgo Inc is divided into two segments Central processing algorithm services & Intelligent chips and services. The majority is from the Central processing algorithm services. which refer to a range of computing algorithms, analytical algorithms, recommendation algorithms, & acceleration algorithms. The businesses engaged in internet advertisement, game development, intelligent chip design, finance, retail, & logistics depend on the ability to process & analyze data with optimized computing software & hardware capable of handling the data workload. Intelligent chips & services revenues include revenues generated from the resale of intelligent chips. All of the Company's net revenues were generated in the PRC, Hong Kong, & Singapore, out of which the majority is from the PRC.
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