Shanghai Conant Optical Co (HKSE:02276) Price-to-Tangible-Book : 3.10 (As of Jun. 01, 2024)

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What is Shanghai Conant Optical Co Price-to-Tangible-Book?

As of today (2024-06-01), Shanghai Conant Optical Co's share price is HK$11.10. Shanghai Conant Optical Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$3.58. Hence, Shanghai Conant Optical Co's Price to Tangible Book Ratio of today is 3.10.

The historical rank and industry rank for Shanghai Conant Optical Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:02276' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.57 Med: 1.66 Max: 3.1
Current: 3.1

During the past 6 years, Shanghai Conant Optical Co's highest Price to Tangible Book Ratio was 3.10. The lowest was 1.57. And the median was 1.66.

HKSE:02276's Price-to-Tangible-Book is ranked worse than
54.91% of 703 companies
in the Medical Devices & Instruments industry
Industry Median: 2.68 vs HKSE:02276: 3.10

A closely related ratio is called PB Ratio. As of today, Shanghai Conant Optical Co's share price is HK$11.10. Shanghai Conant Optical Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$3.58. Hence, Shanghai Conant Optical Co's P/B Ratio of today is 3.10.

Shanghai Conant Optical Co Price-to-Tangible-Book Historical Data

The historical data trend for Shanghai Conant Optical Co'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.

Shanghai Conant Optical Co Price-to-Tangible-Book Chart

Shanghai Conant Optical Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.66

1.57

1.97

Shanghai Conant Optical Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				1.66	1.61	1.57	1.67	1.97

Competitive Comparison of Shanghai Conant Optical Co's Price-to-Tangible-Book

For the Medical Instruments & Supplies subindustry, Shanghai Conant Optical Co'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.

Shanghai Conant Optical Co's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai Conant Optical Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Shanghai Conant Optical Co's Price-to-Tangible-Book falls into.

Shanghai Conant Optical Co Price-to-Tangible-Book Calculation

Shanghai Conant Optical Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	11.10	/	3.576
	=	3.10

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.

Shanghai Conant Optical Co Price-to-Tangible-Book Related Terms

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Shanghai Conant Optical Co (HKSE:02276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Conant Optical Co Ltd (HKSE:02276) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 83, Hongxiang North Road, 1st Floor, Building 36, No. 1-42, Lin-gang Special Area, Pilot Free Trade Zone, Shanghai, CHN

Website

http://www.conantoptical.com.cn

Shanghai Conant Optical Co Ltd is a resin spectacle lens manufacturer in China. The company offers a wide range of resin spectacle lenses to its customers including standardized lenses and customized lenses. The products are mainly resin spectacle lenses with the refractive index of 1.499, 1.56, 1.60, 1.67, and 1.74. The spectacle lenses is also be tinted or coated or cast with various films or coatings for added functionality, such as polarised, photochromic, blue-ray blocking, anti-scratch, anti-reflection and anti-smudge.

Executives

Fei Zhengxiang

2101 Beneficial owner

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