IVD Medical Holding (HKSE:01931) Price-to-Tangible-Book : 1.15 (As of May. 16, 2024)

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What is IVD Medical Holding Price-to-Tangible-Book?

As of today (2024-05-16), IVD Medical Holding's share price is HK$1.59. IVD Medical Holding's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$1.38. Hence, IVD Medical Holding's Price to Tangible Book Ratio of today is 1.15.

The historical rank and industry rank for IVD Medical Holding's Price-to-Tangible-Book or its related term are showing as below:

HKSE:01931' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.05 Med: 1.98 Max: 3.15
Current: 1.15

During the past 8 years, IVD Medical Holding's highest Price to Tangible Book Ratio was 3.15. The lowest was 1.05. And the median was 1.98.

HKSE:01931's Price-to-Tangible-Book is ranked better than
67.07% of 82 companies
in the Medical Distribution industry
Industry Median: 1.475 vs HKSE:01931: 1.15

A closely related ratio is called PB Ratio. As of today, IVD Medical Holding's share price is HK$1.59. IVD Medical Holding's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$2.70. Hence, IVD Medical Holding's P/B Ratio of today is 0.59.

IVD Medical Holding Price-to-Tangible-Book Historical Data

The historical data trend for IVD Medical Holding'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.

IVD Medical Holding Price-to-Tangible-Book Chart

IVD Medical Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

3.15

1.98

2.69

1.57

1.34

IVD Medical Holding Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial									2.69	2.02	1.57	1.06	1.34

Competitive Comparison of IVD Medical Holding's Price-to-Tangible-Book

For the Medical Distribution subindustry, IVD Medical Holding'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.

IVD Medical Holding's Price-to-Tangible-Book Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, IVD Medical Holding's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where IVD Medical Holding's Price-to-Tangible-Book falls into.

IVD Medical Holding Price-to-Tangible-Book Calculation

IVD Medical Holding's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.59	/	1.38
	=	1.15

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.

IVD Medical Holding Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of IVD Medical Holding's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

IVD Medical Holding (HKSE:01931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » IVD Medical Holding Ltd (HKSE:01931) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299, Bisheng Road, Room 602, Building 6, Zhangjiang Hi-Tech Park, Pudong New Area District, Shanghai, CHN

Website

http://www.ivdholding.com

IVD Medical Holding Ltd is principally engaged in the sale and manufacture of medical equipment and consumables and the provision of consultancy and maintenance services related to medical equipment. It has three segments. The distribution business, which is the key revenue driver, involves the trading of IVD analysers, reagents, and other consumables to customers such as distributors, hospitals and healthcare institutions, and logistics providers. The After-sales Services provided by Vastec include maintenance and repair services, installation services and end-customer training. Its Self-branded Products Business, distributes its self-developed IVD products under its own brand which includes IVD analysers and reagents under the IVD testing category of Point-of-care testing.

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