Acotec Scientific Holdings (HKSE:06669) Price-to-Tangible-Book : 1.51 (As of May. 23, 2024)

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What is Acotec Scientific Holdings Price-to-Tangible-Book?

As of today (2024-05-23), Acotec Scientific Holdings's share price is HK$6.79. Acotec Scientific Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$4.51. Hence, Acotec Scientific Holdings's Price to Tangible Book Ratio of today is 1.51.

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

HKSE:06669' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.46 Med: 2.5 Max: 3.8
Current: 1.51

During the past 5 years, Acotec Scientific Holdings's highest Price to Tangible Book Ratio was 3.80. The lowest was 1.46. And the median was 2.50.

HKSE:06669's Price-to-Tangible-Book is ranked better than
74.36% of 702 companies
in the Medical Devices & Instruments industry
Industry Median: 2.69 vs HKSE:06669: 1.51

A closely related ratio is called PB Ratio. As of today, Acotec Scientific Holdings's share price is HK$6.79. Acotec Scientific Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$4.53. Hence, Acotec Scientific Holdings's P/B Ratio of today is 1.50.

Acotec Scientific Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Acotec Scientific 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.

Acotec Scientific Holdings Price-to-Tangible-Book Chart

Acotec Scientific Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.45

3.80

2.50

Acotec Scientific Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				2.45	1.86	3.80	2.82	2.50

Competitive Comparison of Acotec Scientific Holdings's Price-to-Tangible-Book

For the Medical Devices subindustry, Acotec Scientific 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.

Acotec Scientific Holdings's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Acotec Scientific Holdings's Price-to-Tangible-Book falls into.

Acotec Scientific Holdings Price-to-Tangible-Book Calculation

Acotec Scientific 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 )
	=	6.79	/	4.506
	=	1.51

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.

Acotec Scientific Holdings Price-to-Tangible-Book Related Terms

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

Acotec Scientific Holdings (HKSE:06669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Acotec Scientific Holdings Ltd (HKSE:06669) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

7W3:Germany

Address

16 North Hongda Road, 4-5th Floor, Building No. 1, Beijing Economic-Technological Development Area, Beijing, CHN

Website

http://www.acotec.cn

Acotec Scientific Holdings Ltd is a medical device company. The company is focused on providing leave nothing behind treatment solutions for vascular diseases. It has developed a suite of interventional medical devices featuring world- leading technologies, notably in the fields of drug-coated balloons and thrombus aspiration catheters. The company's commercialized product is Semi-compliant PTCA Balloon (YAN) is a product designed for dilation in coronary artery or coronary artery bypass vessels stenosis to improve myocardial perfusion. Geographically, the company operates from Mainland China, Europe and Other countries and regions. Majority of revenue is generated from Mainland China.

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