Beijing Piesat Information Technology Co (SHSE:688066) Price-to-Tangible-Book : 2.83 (As of May. 13, 2024)

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What is Beijing Piesat Information Technology Co Price-to-Tangible-Book?

As of today (2024-05-13), Beijing Piesat Information Technology Co's share price is ¥22.48. Beijing Piesat Information Technology Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥7.94. Hence, Beijing Piesat Information Technology Co's Price to Tangible Book Ratio of today is 2.83.

The historical rank and industry rank for Beijing Piesat Information Technology Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:688066' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.83 Med: 5.82 Max: 7.25
Current: 2.83

During the past 8 years, Beijing Piesat Information Technology Co's highest Price to Tangible Book Ratio was 7.25. The lowest was 2.83. And the median was 5.82.

SHSE:688066's Price-to-Tangible-Book is ranked better than
56.66% of 2088 companies
in the Software industry
Industry Median: 3.61 vs SHSE:688066: 2.83

A closely related ratio is called PB Ratio. As of today, Beijing Piesat Information Technology Co's share price is ¥22.48. Beijing Piesat Information Technology Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥8.18. Hence, Beijing Piesat Information Technology Co's P/B Ratio of today is 2.75.

Beijing Piesat Information Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for Beijing Piesat Information Technology 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.

Beijing Piesat Information Technology Co Price-to-Tangible-Book Chart

Beijing Piesat Information Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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5.35

5.41

6.03

6.01

4.94

Beijing Piesat Information Technology 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															6.90	5.98	5.11	4.94	3.52

Competitive Comparison of Beijing Piesat Information Technology Co's Price-to-Tangible-Book

For the Software - Infrastructure subindustry, Beijing Piesat Information Technology 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.

Beijing Piesat Information Technology Co's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Beijing Piesat Information Technology Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Beijing Piesat Information Technology Co's Price-to-Tangible-Book falls into.

Beijing Piesat Information Technology Co Price-to-Tangible-Book Calculation

Beijing Piesat Information Technology 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 )
	=	22.48	/	7.943
	=	2.83

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.

Beijing Piesat Information Technology Co Price-to-Tangible-Book Related Terms

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Beijing Piesat Information Technology Co (SHSE:688066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Piesat Information Technology Co Ltd (SHSE:688066) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

Xingshikou Road, Room 301, 3rd Floor, Building 5, 4th District, Haidian District, Beijing, CHN, 100195

Website

http://www.piesat.com.cn

Beijing Piesat Information Technology Co Ltd is a satellite application service provider in China. It is one of the first platform companies in china to engage in satellite applications and spatiotemporal big data empowerment industries. Its business model of digitization and information services, which is a domestic and internationally advanced smart earth spatio-temporal big data service provider. The company provides a full range of products and services which is based on multi-source remote sensing big data that is developed based on the independent intellectual property PIE-Engine remote sensing cloud service platform.

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