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Beijing Balance Medical Technology Co (SHSE:688198) Price-to-Tangible-Book : 13.64 (As of May. 17, 2024)


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What is Beijing Balance Medical Technology Co Price-to-Tangible-Book?

As of today (2024-05-17), Beijing Balance Medical Technology Co's share price is ¥109.78. Beijing Balance Medical Technology Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥8.05. Hence, Beijing Balance Medical Technology Co's Price to Tangible Book Ratio of today is 13.64.

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

SHSE:688198' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.01   Med: 15.51   Max: 26.3
Current: 13.64

During the past 8 years, Beijing Balance Medical Technology Co's highest Price to Tangible Book Ratio was 26.30. The lowest was 5.01. And the median was 15.51.

SHSE:688198's Price-to-Tangible-Book is ranked worse than
90.71% of 700 companies
in the Medical Devices & Instruments industry
Industry Median: 2.75 vs SHSE:688198: 13.64

A closely related ratio is called PB Ratio. As of today, Beijing Balance Medical Technology Co's share price is ¥109.78. Beijing Balance Medical Technology Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥8.84. Hence, Beijing Balance Medical Technology Co's P/B Ratio of today is 12.42.


Beijing Balance Medical Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for Beijing Balance Medical 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 Balance Medical Technology Co Price-to-Tangible-Book Chart

Beijing Balance Medical Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial 5.01 8.46 24.55 15.78 14.95

Beijing Balance Medical 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 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 15.66 13.59 17.43 14.95 13.64

Competitive Comparison of Beijing Balance Medical Technology Co's Price-to-Tangible-Book

For the Medical Devices subindustry, Beijing Balance Medical 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 Balance Medical Technology Co's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Beijing Balance Medical Technology Co's Price-to-Tangible-Book distribution charts can be found below:

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



Beijing Balance Medical Technology Co Price-to-Tangible-Book Calculation

Beijing Balance Medical 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 )
=109.78/8.046
=13.64

* 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.


Beijing Balance Medical Technology Co Price-to-Tangible-Book Related Terms

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Beijing Balance Medical Technology Co (SHSE:688198) Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Huachang Road, East District, Science Park, Changping District, Beijing, CHN, 102200
Beijing Balance Medical Technology Co Ltd is engaged in the research and development and production of animal-derived implantable medical devices. The company's products are used in heart valve replacement and repair, congenital heart disease implant intervention and surgical soft tissue repair.

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