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Solareast Holdings Co (SHSE:603366) Price-to-Tangible-Book : 1.09 (As of May. 16, 2024)


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What is Solareast Holdings Co Price-to-Tangible-Book?

As of today (2024-05-16), Solareast Holdings Co's share price is ¥4.56. Solareast Holdings Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥4.19. Hence, Solareast Holdings Co's Price to Tangible Book Ratio of today is 1.09.

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

SHSE:603366' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.09   Med: 1.65   Max: 3.61
Current: 1.09

During the past 13 years, Solareast Holdings Co's highest Price to Tangible Book Ratio was 3.61. The lowest was 1.09. And the median was 1.65.

SHSE:603366's Price-to-Tangible-Book is ranked better than
85.88% of 949 companies
in the Semiconductors industry
Industry Median: 2.61 vs SHSE:603366: 1.09

A closely related ratio is called PB Ratio. As of today, Solareast Holdings Co's share price is ¥4.56. Solareast Holdings Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥4.83. Hence, Solareast Holdings Co's P/B Ratio of today is 0.94.


Solareast Holdings Co Price-to-Tangible-Book Historical Data

The historical data trend for Solareast Holdings 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.

Solareast Holdings Co Price-to-Tangible-Book Chart

Solareast Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 1.58 1.44 1.58 1.47

Solareast Holdings Co Quarterly Data
Jun19 Sep19 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 1.51 1.46 1.46 1.47 1.26

Competitive Comparison of Solareast Holdings Co's Price-to-Tangible-Book

For the Solar subindustry, Solareast Holdings 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.


Solareast Holdings Co's Price-to-Tangible-Book Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solareast Holdings Co's Price-to-Tangible-Book distribution charts can be found below:

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



Solareast Holdings Co Price-to-Tangible-Book Calculation

Solareast Holdings 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 )
=4.56/4.187
=1.09

* 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.


Solareast Holdings Co Price-to-Tangible-Book Related Terms

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


Solareast Holdings Co (SHSE:603366) Business Description

Traded in Other Exchanges
N/A
Address
Ninghai Industrial Zone, Lianyungang, Jiangsu Province, CHN, 222243
Solareast Holdings Co Ltd, formerly Jiangsu Sunrain Solar Energy Co Ltd operates in the solar energy industry. It is specialized in research and application of solar energy. The company's products are exported to more than 100 countries and regions all over the world. It provides solutions for healthy hot water and water purification system. The product range includes heat pipe collector R1, U pipe collector, domestic series heat pump, non-pressure solar water heater, pressurized pre-heated solar water heater and solar charger.

Solareast Holdings Co (SHSE:603366) Headlines

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