Cryofocus Medtech (Shanghai) Co (HKSE:06922) Price-to-Tangible-Book : 7.23 (As of May. 25, 2024)

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What is Cryofocus Medtech (Shanghai) Co Price-to-Tangible-Book?

As of today (2024-05-25), Cryofocus Medtech (Shanghai) Co's share price is HK$6.80. Cryofocus Medtech (Shanghai) Co's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was HK$0.94. Hence, Cryofocus Medtech (Shanghai) Co's Price to Tangible Book Ratio of today is 7.23.

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

HKSE:06922' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 8.11 Med: 17.36 Max: 18.91
Current: 9.19

During the past 4 years, Cryofocus Medtech (Shanghai) Co's highest Price to Tangible Book Ratio was 18.91. The lowest was 8.11. And the median was 17.36.

HKSE:06922's Price-to-Tangible-Book is ranked worse than
84.21% of 703 companies
in the Medical Devices & Instruments industry
Industry Median: 2.7 vs HKSE:06922: 9.19

A closely related ratio is called PB Ratio. As of today, Cryofocus Medtech (Shanghai) Co's share price is HK$6.80. Cryofocus Medtech (Shanghai) Co's Book Value per Sharefor the quarter that ended in Jun. 2023 was HK$0.94. Hence, Cryofocus Medtech (Shanghai) Co's P/B Ratio of today is 7.23.

Cryofocus Medtech (Shanghai) Co Price-to-Tangible-Book Historical Data

The historical data trend for Cryofocus Medtech (Shanghai) 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.

Cryofocus Medtech (Shanghai) Co Price-to-Tangible-Book Chart

Cryofocus Medtech (Shanghai) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

15.81

25.47

Cryofocus Medtech (Shanghai) Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	15.81	18.91	25.47

Competitive Comparison of Cryofocus Medtech (Shanghai) Co's Price-to-Tangible-Book

For the Medical Devices subindustry, Cryofocus Medtech (Shanghai) 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.

Cryofocus Medtech (Shanghai) Co's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Cryofocus Medtech (Shanghai) Co's Price-to-Tangible-Book falls into.

Cryofocus Medtech (Shanghai) Co Price-to-Tangible-Book Calculation

Cryofocus Medtech (Shanghai) Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	6.80	/	0.94
	=	7.23

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.

Cryofocus Medtech (Shanghai) Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Cryofocus Medtech (Shanghai) Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Cryofocus Medtech (Shanghai) Co (HKSE:06922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Cryofocus Medtech (Shanghai) Co Ltd (HKSE:06922) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 15, Lane 3399, Kangxin Road, Pudong New Area, Shanghai, CHN, 200120

Website

https://www.cryofocus.com

Cryofocus Medtech (Shanghai) Co Ltd is a medical device company engaged in the research and development, manufacture and sale of cryoablation minimally-invasive interventional treatment technology and related medical products. It has two Core Products, the Bladder Cryoablation System and the Endoscopic Clip for Anastomosis. The Bladder Cryoablation System is a cryotherapy device designed for the treatment of bladder cancer. The Endoscopic Clip for Anastomosis is an anastomotic device for the closure of soft tissue in the digestive tract, which is one of the over-the-scope clips. Geographically company's key revenue is generated from China.

Executives

Wu Jianhui	2101 Beneficial owner
Li Hui	2202 Interest of your spouse
Lv Shiwen	2103 Interests held jointly with another person
Sun Xiaolu	2201 Interest of corporation controlled by you
Zhang Qian
Hang Zhou Bi Lin Xing Chuang Xin Tou Zi He Huo Qi Ye You Xian He Huo
Shang Hai Shi Di Sheng Wu Ke Ji You Xian Gong Si
Shang Hai Bi Lin Xing Zi Chan Guan Li You Xian Gong Si
Hang Zhou Bi Lin Xing Chuang Xin Tou Zi Guan Li He Huo Qi Ye You Xian He Huo
Ning Bo Lin Feng Sheng Wu Ke Ji You Xian Gong Si
Shang Hai Shi Di Shi Ye Fa Zhan You Xian Gong Si
Sheng Shan Zi Chan Guan Li Shang Hai You Xian Gong Si
Gan Shi Xiong
Su Zhou Gong Ye Yuan Qu Zhi Nuo Shang Wu Xin Xi Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Su Zhou Gong Ye Yuan Qu Xin Jian Yuan Er Qi Chuang Ye Tou Zi Qi Ye You Xian He Huo	2101 Beneficial owner

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