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Arctech Solar Holding Co (SHSE:688408) Price-to-Tangible-Book : 5.00 (As of May. 16, 2024)


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What is Arctech Solar Holding Co Price-to-Tangible-Book?

As of today (2024-05-16), Arctech Solar Holding Co's share price is ¥103.00. Arctech Solar Holding Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥20.59. Hence, Arctech Solar Holding Co's Price to Tangible Book Ratio of today is 5.00.

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

SHSE:688408' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.67   Med: 5.68   Max: 11.58
Current: 5

During the past 8 years, Arctech Solar Holding Co's highest Price to Tangible Book Ratio was 11.58. The lowest was 3.67. And the median was 5.68.

SHSE:688408's Price-to-Tangible-Book is ranked worse than
78.19% of 949 companies
in the Semiconductors industry
Industry Median: 2.61 vs SHSE:688408: 5.00

A closely related ratio is called PB Ratio. As of today, Arctech Solar Holding Co's share price is ¥103.00. Arctech Solar Holding Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥21.66. Hence, Arctech Solar Holding Co's P/B Ratio of today is 4.76.


Arctech Solar Holding Co Price-to-Tangible-Book Historical Data

The historical data trend for Arctech Solar Holding 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.

Arctech Solar Holding Co Price-to-Tangible-Book Chart

Arctech Solar Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial - 9.73 10.46 5.70 3.67

Arctech Solar Holding 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 4.66 4.69 4.03 3.67 4.36

Competitive Comparison of Arctech Solar Holding Co's Price-to-Tangible-Book

For the Solar subindustry, Arctech Solar Holding 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.


Arctech Solar Holding Co's Price-to-Tangible-Book Distribution in the Semiconductors Industry

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

* The bar in red indicates where Arctech Solar Holding Co's Price-to-Tangible-Book falls into.



Arctech Solar Holding Co Price-to-Tangible-Book Calculation

Arctech Solar Holding 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 )
=103.00/20.585
=5.00

* 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.


Arctech Solar Holding Co Price-to-Tangible-Book Related Terms

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Arctech Solar Holding Co (SHSE:688408) Business Description

Traded in Other Exchanges
N/A
Address
2388 Huangpujiang Middle Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331
Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.

Arctech Solar Holding Co (SHSE:688408) Headlines

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