Paranovus Entertainment Technology (Paranovus Entertainment Technology) Price-to-Tangible-Book : 1.77 (As of May. 17, 2024)

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What is Paranovus Entertainment Technology Price-to-Tangible-Book?

As of today (2024-05-17), Paranovus Entertainment Technology's share price is $0.92. Paranovus Entertainment Technology's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $0.52. Hence, Paranovus Entertainment Technology's Price to Tangible Book Ratio of today is 1.77.

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

PAVS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.33 Med: 0.53 Max: 6.17
Current: 1.77

During the past 7 years, Paranovus Entertainment Technology's highest Price to Tangible Book Ratio was 6.17. The lowest was 0.33. And the median was 0.53.

PAVS's Price-to-Tangible-Book is ranked worse than
50.79% of 1707 companies
in the Consumer Packaged Goods industry
Industry Median: 1.73 vs PAVS: 1.77

A closely related ratio is called PB Ratio. As of today, Paranovus Entertainment Technology's share price is $0.92. Paranovus Entertainment Technology's Book Value per Sharefor the quarter that ended in Sep. 2023 was $1.46. Hence, Paranovus Entertainment Technology's P/B Ratio of today is 0.63.

Paranovus Entertainment Technology Price-to-Tangible-Book Historical Data

The historical data trend for Paranovus Entertainment Technology'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.

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Paranovus Entertainment Technology Price-to-Tangible-Book Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.00

0.66

0.40

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial									0.35	0.40	0.33	-	6.17

Competitive Comparison of Paranovus Entertainment Technology's Price-to-Tangible-Book

For the Packaged Foods subindustry, Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology's Price-to-Tangible-Book Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Paranovus Entertainment Technology's Price-to-Tangible-Book falls into.

Paranovus Entertainment Technology Price-to-Tangible-Book Calculation

Paranovus Entertainment Technology's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.92	/	0.52
	=	1.77

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.

Paranovus Entertainment Technology Price-to-Tangible-Book Related Terms

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

Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.