Gaush Meditech (HKSE:02407) Price-to-Tangible-Book : 5.69 (As of May. 26, 2024)

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What is Gaush Meditech Price-to-Tangible-Book?

As of today (2024-05-26), Gaush Meditech's share price is HK$18.90. Gaush Meditech's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$3.32. Hence, Gaush Meditech's Price to Tangible Book Ratio of today is 5.69.

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

HKSE:02407' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.66 Med: 17.73 Max: 24.07
Current: 5.69

During the past 5 years, Gaush Meditech's highest Price to Tangible Book Ratio was 24.07. The lowest was 5.66. And the median was 17.73.

HKSE:02407's Price-to-Tangible-Book is ranked worse than
74.4% of 703 companies
in the Medical Devices & Instruments industry
Industry Median: 2.7 vs HKSE:02407: 5.69

A closely related ratio is called PB Ratio. As of today, Gaush Meditech's share price is HK$18.90. Gaush Meditech's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$12.42. Hence, Gaush Meditech's P/B Ratio of today is 1.52.

Gaush Meditech Price-to-Tangible-Book Historical Data

The historical data trend for Gaush Meditech'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.

Gaush Meditech Price-to-Tangible-Book Chart

Gaush Meditech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

24.07

11.38

Gaush Meditech Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	24.07	17.18	11.38

Competitive Comparison of Gaush Meditech's Price-to-Tangible-Book

For the Medical Devices subindustry, Gaush Meditech'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.

Gaush Meditech's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Gaush Meditech's Price-to-Tangible-Book falls into.

Gaush Meditech Price-to-Tangible-Book Calculation

Gaush Meditech's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	18.90	/	3.321
	=	5.69

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.

Gaush Meditech Price-to-Tangible-Book Related Terms

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

Gaush Meditech (HKSE:02407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Gaush Meditech Ltd (HKSE:02407) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Dongzhimen South Avenue, Room 1901, Building A, Zhonghui Plaza, Dongcheng District, Beijing, CHN

Website

https://www.gaush.com

Gaush Meditech Ltd is a provider of a broad spectrum of ophthalmic medical devices. The segments of the company include 1) Proprietary products segment develops and produces surgical equipment and related supporting software, intra-optical lens, ophthalmic disease diagnosis and treatment equipment and related supporting consumables independently; 2) Distribution products segment sells multi-function diagnostic equipment, ocular fundus diagnosis, surgical and treatment equipment and related supporting consumables produced by ophthalmic medical equipment manufacturers; 3) Technical services segment provides warranty services, maintenance services and after-sales services related consumables; and 4) Others segment.

Executives

Orbimed Advisors Iii Limited	2102 Investment manager
Orbimed Asia Gp Iii, L.p.	2102 Investment manager
Orbimed Asia Partners Iii, L.p.	2102 Investment manager
Gao Tieta	2201 Interest of corporation controlled by you
Gaush Holding Ltd	2101 Beneficial owner
Cuprite Gem Investments Ltd	2101 Beneficial owner
Warburg Pincus (bermuda) Private Equity Gp Ltd.	2201 Interest of corporation controlled by you
Warburg Pincus (cayman) China-southeast Asia Ii Gp Llc	2201 Interest of corporation controlled by you
Warburg Pincus (cayman) China-southeast Asia Ii Gp, L.p.	2201 Interest of corporation controlled by you
Warburg Pincus China-southeast Asia Ii (cayman), L.p.	2201 Interest of corporation controlled by you
Warburg Pincus Partners Ii (cayman), L.p.	2201 Interest of corporation controlled by you

Gaush Meditech (HKSE:02407) Headlines

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