Beijing Paratera Tech (BJSE:839493) Price-to-Tangible-Book : 7.77 (As of May. 25, 2024)

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What is Beijing Paratera Tech Price-to-Tangible-Book?

As of today (2024-05-25), Beijing Paratera Tech's share price is ¥44.01. Beijing Paratera Tech's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥5.66. Hence, Beijing Paratera Tech's Price to Tangible Book Ratio of today is 7.77.

The historical rank and industry rank for Beijing Paratera Tech's Price-to-Tangible-Book or its related term are showing as below:

BJSE:839493' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 7.61 Med: 9.55 Max: 10.11
Current: 7.78

During the past 10 years, Beijing Paratera Tech's highest Price to Tangible Book Ratio was 10.11. The lowest was 7.61. And the median was 9.55.

BJSE:839493's Price-to-Tangible-Book is ranked worse than
72.66% of 2085 companies
in the Software industry
Industry Median: 3.55 vs BJSE:839493: 7.78

A closely related ratio is called PB Ratio. As of today, Beijing Paratera Tech's share price is ¥44.01. Beijing Paratera Tech's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥5.86. Hence, Beijing Paratera Tech's P/B Ratio of today is 7.51.

Beijing Paratera Tech Price-to-Tangible-Book Historical Data

The historical data trend for Beijing Paratera Tech's Price-to-Tangible-Book 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.

Beijing Paratera Tech Price-to-Tangible-Book Chart

Beijing Paratera Tech Annual Data

Trend

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Dec23

Price-to-Tangible-Book

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10.11

Beijing Paratera Tech Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	-	10.11	8.98

Competitive Comparison of Beijing Paratera Tech's Price-to-Tangible-Book

For the Software - Infrastructure subindustry, Beijing Paratera Tech's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Beijing Paratera Tech's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Beijing Paratera Tech's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Beijing Paratera Tech's Price-to-Tangible-Book falls into.

Beijing Paratera Tech Price-to-Tangible-Book Calculation

Beijing Paratera Tech's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	44.01	/	5.661
	=	7.77

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Beijing Paratera Tech Price-to-Tangible-Book Related Terms

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Beijing Paratera Tech (BJSE:839493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Paratera Tech Corp Ltd (BJSE:839493) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

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Address

No. 10 Xibeiwang East Road, Room 101-301, Building 21,3rd Floor, Haidian, Beijing, CHN, 100094

Website

https://www.paratera.com

Beijing Paratera Tech Corp Ltd is a leading domestic supercomputing cloud service and operation service provider, providing supercomputing cloud, industry cloud, intelligence Computing cloud, design simulation cloud and computing resource construction and operation services. As China's national grid service company, a domestic high-tech enterprise, and a dual-software enterprise, Parallel Technology aggregates the computing resources of major supercomputing centers across the country, targeting enterprises and institutions and scientific research institutions in energy, manufacturing, meteorology, scientific research and education, telecommunications, finance, animation, etc. The institute provides supercomputing cloud services.

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