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Cowealth Medical China Co (SHSE:603122) Price-to-Tangible-Book : 2.16 (As of May. 19, 2024)


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What is Cowealth Medical China Co Price-to-Tangible-Book?

As of today (2024-05-19), Cowealth Medical China Co's share price is ¥6.34. Cowealth Medical China Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥2.93. Hence, Cowealth Medical China Co's Price to Tangible Book Ratio of today is 2.16.

The historical rank and industry rank for Cowealth Medical China Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:603122' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.16   Med: 3.43   Max: 6.21
Current: 2.16

During the past 7 years, Cowealth Medical China Co's highest Price to Tangible Book Ratio was 6.21. The lowest was 2.16. And the median was 3.43.

SHSE:603122's Price-to-Tangible-Book is ranked better than
58.43% of 166 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.595 vs SHSE:603122: 2.16

A closely related ratio is called PB Ratio. As of today, Cowealth Medical China Co's share price is ¥6.34. Cowealth Medical China Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥2.95. Hence, Cowealth Medical China Co's P/B Ratio of today is 2.15.


Cowealth Medical China Co Price-to-Tangible-Book Historical Data

The historical data trend for Cowealth Medical China 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.

Cowealth Medical China Co Price-to-Tangible-Book Chart

Cowealth Medical China Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial - - - 3.79 2.77

Cowealth Medical China Co Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.43 2.83 2.87 2.77 2.37

Competitive Comparison of Cowealth Medical China Co's Price-to-Tangible-Book

For the Diagnostics & Research subindustry, Cowealth Medical China 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.


Cowealth Medical China Co's Price-to-Tangible-Book Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Cowealth Medical China Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Cowealth Medical China Co's Price-to-Tangible-Book falls into.



Cowealth Medical China Co Price-to-Tangible-Book Calculation

Cowealth Medical China Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=6.34/2.929
=2.16

* 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.

It can also be calculated from the numbers for the whole company:

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.


Cowealth Medical China Co Price-to-Tangible-Book Related Terms

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Cowealth Medical China Co (SHSE:603122) Business Description

Traded in Other Exchanges
N/A
Address
No. 1001 Qinzhou North Road, 21st Floor, Building 12, Xuhui District, Shanghai, CHN, 200131
Cowealth Medical China Co Ltd operates as a diagnostic clinical laboratory company. It has introduced radiation oncology technology into the market.

Cowealth Medical China Co (SHSE:603122) Headlines

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