GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Forehope Electronic (Ningbo) Co Ltd (SHSE:688362) » Definitions » PB Ratio

Forehope Electronic (Ningbo) Co (SHSE:688362) PB Ratio : 3.56 (As of May. 28, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Forehope Electronic (Ningbo) Co 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 (2024-05-28), Forehope Electronic (Ningbo) Co's share price is ¥20.83. Forehope Electronic (Ningbo) Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥5.85. Hence, Forehope Electronic (Ningbo) Co's PB Ratio of today is 3.56.

Good Sign:

Forehope Electronic (Ningbo) Co Ltd stock PB Ratio (=3.32) is close to 2-year low of 3.01

The historical rank and industry rank for Forehope Electronic (Ningbo) Co's PB Ratio or its related term are showing as below:

SHSE:688362' s PB Ratio Range Over the Past 10 Years
Min: 3.01   Med: 4.9   Max: 7.57
Current: 3.56

During the past 6 years, Forehope Electronic (Ningbo) Co's highest PB Ratio was 7.57. The lowest was 3.01. And the median was 4.90.

SHSE:688362's PB Ratio is ranked worse than
68.49% of 971 companies
in the Semiconductors industry
Industry Median: 2.44 vs SHSE:688362: 3.56

During the past 12 months, Forehope Electronic (Ningbo) Co's average Book Value Per Share Growth Rate was -4.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 91.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 64.00% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Forehope Electronic (Ningbo) Co was 91.90% per year. The lowest was 68.70% per year. And the median was 91.20% per year.

Back to Basics: PB Ratio


Forehope Electronic (Ningbo) Co PB Ratio Historical Data

The historical data trend for Forehope Electronic (Ningbo) Co'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.

Forehope Electronic (Ningbo) Co PB Ratio Chart

Forehope Electronic (Ningbo) Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial - - - 3.48 4.36

Forehope Electronic (Ningbo) Co Quarterly Data
Dec18 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.06 5.57 4.96 4.36 3.43

Competitive Comparison of Forehope Electronic (Ningbo) Co's PB Ratio

For the Semiconductors subindustry, Forehope Electronic (Ningbo) Co'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.


Forehope Electronic (Ningbo) Co's PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Forehope Electronic (Ningbo) Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Forehope Electronic (Ningbo) Co's PB Ratio falls into.



Forehope Electronic (Ningbo) Co 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.

Forehope Electronic (Ningbo) Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=20.83/5.851
=3.56

* 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.


Forehope Electronic (Ningbo) Co  (SHSE:688362) 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.


Forehope Electronic (Ningbo) Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Forehope Electronic (Ningbo) Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Forehope Electronic (Ningbo) Co (SHSE:688362) Business Description

Traded in Other Exchanges
N/A
Address
No. 22, Xingshun Road, Zhongyi Ningbo Ecological Park, Zhejiang Province, Yuyao, CHN, 315400
Forehope Electronic (Ningbo) Co Ltd is engaged in the packaging and testing of integrated circuits.

Forehope Electronic (Ningbo) Co (SHSE:688362) Headlines

No Headlines