Impro Precision Industries (HKSE:01286) PB Ratio : 0.85 (As of May. 02, 2024)

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What is Impro Precision Industries 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 (2024-05-02), Impro Precision Industries's share price is HK$2.21. Impro Precision Industries's Book Value per Share for the quarter that ended in Dec. 2023 was HK$2.59. Hence, Impro Precision Industries's PB Ratio of today is 0.85.

Good Sign:

Impro Precision Industries Ltd stock PB Ratio (=0.81) is close to 5-year low of 0.78

The historical rank and industry rank for Impro Precision Industries's PB Ratio or its related term are showing as below:

HKSE:01286' s PB Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.13 Max: 2.72
Current: 0.85

During the past 8 years, Impro Precision Industries's highest PB Ratio was 2.72. The lowest was 0.78. And the median was 1.13.

HKSE:01286's PB Ratio is ranked better than
83.72% of 2924 companies
in the Industrial Products industry
Industry Median: 1.92 vs HKSE:01286: 0.85

During the past 12 months, Impro Precision Industries's average Book Value Per Share Growth Rate was 11.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.60% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Impro Precision Industries was 25.40% per year. The lowest was 2.90% per year. And the median was 15.80% per year.

Back to Basics: PB Ratio

Impro Precision Industries PB Ratio Historical Data

The historical data trend for Impro Precision Industries'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.

Impro Precision Industries PB Ratio Chart

Impro Precision Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.50

1.18

0.80

0.96

0.93

Impro Precision Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial									0.80	0.94	0.96	1.02	0.93

Competitive Comparison of Impro Precision Industries's PB Ratio

For the Specialty Industrial Machinery subindustry, Impro Precision Industries'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.

Impro Precision Industries's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Impro Precision Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Impro Precision Industries's PB Ratio falls into.

Impro Precision Industries 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.

Impro Precision Industries's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	2.21	/	2.586
	=	0.85

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.

Impro Precision Industries (HKSE:01286) 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.

Impro Precision Industries PB Ratio Related Terms

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Impro Precision Industries (HKSE:01286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Impro Precision Industries Ltd (HKSE:01286) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

7IP:Germany

Address

6-8 Harbour Road, Unit 803, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.improprecision.com

Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. Its geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

Impro Precision Industries (HKSE:01286) Headlines

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