Changzhou Fusion New Material Co (SHSE:688503) Price-to-Tangible-Book : 1.94 (As of May. 21, 2024)

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What is Changzhou Fusion New Material Co Price-to-Tangible-Book?

As of today (2024-05-21), Changzhou Fusion New Material Co's share price is ¥53.09. Changzhou Fusion New Material Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥27.42. Hence, Changzhou Fusion New Material Co's Price to Tangible Book Ratio of today is 1.94.

The historical rank and industry rank for Changzhou Fusion New Material Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:688503' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.86 Med: 2.88 Max: 3.77
Current: 1.94

During the past 6 years, Changzhou Fusion New Material Co's highest Price to Tangible Book Ratio was 3.77. The lowest was 1.86. And the median was 2.88.

SHSE:688503's Price-to-Tangible-Book is ranked better than
65.16% of 950 companies
in the Semiconductors industry
Industry Median: 2.68 vs SHSE:688503: 1.94

A closely related ratio is called PB Ratio. As of today, Changzhou Fusion New Material Co's share price is ¥53.09. Changzhou Fusion New Material Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥28.39. Hence, Changzhou Fusion New Material Co's P/B Ratio of today is 1.87.

Changzhou Fusion New Material Co Price-to-Tangible-Book Historical Data

The historical data trend for Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co Price-to-Tangible-Book Chart

Changzhou Fusion New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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3.77

1.86

Changzhou Fusion New Material Co Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial											3.14	3.55	2.61	1.86	2.10

Competitive Comparison of Changzhou Fusion New Material Co's Price-to-Tangible-Book

For the Solar subindustry, Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co's Price-to-Tangible-Book Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Changzhou Fusion New Material Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Changzhou Fusion New Material Co's Price-to-Tangible-Book falls into.

Changzhou Fusion New Material Co Price-to-Tangible-Book Calculation

Changzhou Fusion New Material 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 )
	=	53.09	/	27.424
	=	1.94

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.

Changzhou Fusion New Material Co Price-to-Tangible-Book Related Terms

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Changzhou Fusion New Material Co (SHSE:688503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Fusion New Material Co Ltd (SHSE:688503) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.fusion-cz.com

Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.

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