Ming Yuan Cloud Group Holdings (HKSE:00909) Price-to-Tangible-Book : 1.07 (As of May. 21, 2024)

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What is Ming Yuan Cloud Group Holdings Price-to-Tangible-Book?

As of today (2024-05-21), Ming Yuan Cloud Group Holdings's share price is HK$2.87. Ming Yuan Cloud Group Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$2.68. Hence, Ming Yuan Cloud Group Holdings's Price to Tangible Book Ratio of today is 1.07.

The historical rank and industry rank for Ming Yuan Cloud Group Holdings's Price-to-Tangible-Book or its related term are showing as below:

HKSE:00909' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.07 Med: 3.48 Max: 11.39
Current: 1.07

During the past 7 years, Ming Yuan Cloud Group Holdings's highest Price to Tangible Book Ratio was 11.39. The lowest was 1.07. And the median was 3.48.

HKSE:00909's Price-to-Tangible-Book is ranked better than
90.36% of 2086 companies
in the Software industry
Industry Median: 3.645 vs HKSE:00909: 1.07

A closely related ratio is called PB Ratio. As of today, Ming Yuan Cloud Group Holdings's share price is HK$2.87. Ming Yuan Cloud Group Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$2.78. Hence, Ming Yuan Cloud Group Holdings's P/B Ratio of today is 1.03.

Ming Yuan Cloud Group Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Ming Yuan Cloud Group Holdings'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.

Ming Yuan Cloud Group Holdings Price-to-Tangible-Book Chart

Ming Yuan Cloud Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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11.39

4.63

2.33

1.08

Ming Yuan Cloud Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial							4.63	3.78	2.33	1.19	1.08

Competitive Comparison of Ming Yuan Cloud Group Holdings's Price-to-Tangible-Book

For the Software - Application subindustry, Ming Yuan Cloud Group Holdings'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.

Ming Yuan Cloud Group Holdings's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Ming Yuan Cloud Group Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Ming Yuan Cloud Group Holdings's Price-to-Tangible-Book falls into.

Ming Yuan Cloud Group Holdings Price-to-Tangible-Book Calculation

Ming Yuan Cloud Group Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.87	/	2.676
	=	1.07

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.

Ming Yuan Cloud Group Holdings Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Ming Yuan Cloud Group Holdings's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Ming Yuan Cloud Group Holdings (HKSE:00909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ming Yuan Cloud Group Holdings Ltd (HKSE:00909) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

18 Gaoxin South 4th Road, 501-509, East Block, Nanshan District, Skyworth Semiconductor Design Building, Gaoxin Community, Yuehai Subdistrict, Shenzhen, CHN

Website

https://www.mingyuanyun.com

Ming Yuan Cloud Group Holdings Ltd is a provider of enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. The company's ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalize their business operations. It generates maximum revenue from the SaaS products segment.

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