Qifu Technology (Qifu Technology) PB Ratio : 1.02 (As of May. 07, 2024)

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What is Qifu 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 (2024-05-07), Qifu Technology's share price is $19.87. Qifu Technology's Book Value per Share for the quarter that ended in Dec. 2023 was $19.49. Hence, Qifu Technology's PB Ratio of today is 1.02.

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

QFIN' s PB Ratio Range Over the Past 10 Years
Min: 0.62 Med: 1.37 Max: 7.86
Current: 1.02

During the past 8 years, Qifu Technology's highest PB Ratio was 7.86. The lowest was 0.62. And the median was 1.37.

QFIN's PB Ratio is ranked better than
51.75% of 514 companies
in the Credit Services industry
Industry Median: 1.035 vs QFIN: 1.02

During the past 12 months, Qifu Technology's average Book Value Per Share Growth Rate was 16.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 27.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 34.80% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Qifu Technology was 139.50% per year. The lowest was 27.00% per year. And the median was 42.25% per year.

Back to Basics: PB Ratio

Qifu Technology PB Ratio Historical Data

The historical data trend for Qifu 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.

Qifu Technology PB Ratio Chart

Qifu Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

Get a 7-Day Free Trial

1.39

1.24

1.49

1.22

0.81

Qifu Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.22	1.10	0.96	0.84	0.81

Competitive Comparison of Qifu Technology's PB Ratio

For the Credit Services subindustry, Qifu 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.

Qifu Technology's PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Qifu Technology's PB Ratio distribution charts can be found below:

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

Qifu 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	19.87	/	19.493
	=	1.02

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.

Qifu Technology (NAS:QFIN) 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.

Qifu Technology PB Ratio Related Terms

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Qifu Technology (Qifu Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qifu Technology Inc (NAS:QFIN) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

03660:Hong Kong

Address

No. 1217 Dongfang Road, 7th Floor Lujiazui Finance Plaza, Pudong New Area, Shanghai, CHN, 200122

Website

https://www.qifu.tech

Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.