Gotion High-tech Co (SZSE:002074) Price-to-Tangible-Book : 1.80 (As of May. 14, 2024)

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What is Gotion High-tech Co Price-to-Tangible-Book?

As of today (2024-05-14), Gotion High-tech Co's share price is ¥18.93. Gotion High-tech Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥10.53. Hence, Gotion High-tech Co's Price to Tangible Book Ratio of today is 1.80.

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

SZSE:002074' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.69 Med: 3.7 Max: 47.64
Current: 1.8

During the past 13 years, Gotion High-tech Co's highest Price to Tangible Book Ratio was 47.64. The lowest was 1.69. And the median was 3.70.

SZSE:002074's Price-to-Tangible-Book is ranked better than
59.21% of 2829 companies
in the Industrial Products industry
Industry Median: 2.13 vs SZSE:002074: 1.80

A closely related ratio is called PB Ratio. As of today, Gotion High-tech Co's share price is ¥18.93. Gotion High-tech Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥13.72. Hence, Gotion High-tech Co's P/B Ratio of today is 1.38.

Gotion High-tech Co Price-to-Tangible-Book Historical Data

The historical data trend for Gotion High-tech 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.

Gotion High-tech Co Price-to-Tangible-Book Chart

Gotion High-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.10

5.32

5.22

2.63

1.97

Gotion High-tech 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															2.72	2.51	2.17	1.97	1.92

Competitive Comparison of Gotion High-tech Co's Price-to-Tangible-Book

For the Electrical Equipment & Parts subindustry, Gotion High-tech 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.

Gotion High-tech Co's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gotion High-tech Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Gotion High-tech Co's Price-to-Tangible-Book falls into.

Gotion High-tech Co Price-to-Tangible-Book Calculation

Gotion High-tech 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 )
	=	18.93	/	10.532
	=	1.80

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.

Gotion High-tech Co Price-to-Tangible-Book Related Terms

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

Gotion High-tech Co (SZSE:002074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gotion High-tech Co Ltd (SZSE:002074) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

No. 599 Daihe Road, Xinzhan District, Hefei, CHN, 230012

Website

http://www.gotion.com.cn

Established in 2006 in Hefei, Anhui province, Gotion High-tech, is one of the first enterprises engaged in research, production, and sales of rechargeable lithium-ion batteries for NEVs in China. Its main products include lithium iron phosphate materials and batteries, ternary batteries, battery packs, and energy storage batteries. The products are widely used in new energy passenger vehicles, commercial vehicles, energy storage power plants, communication base stations, and so on. Gotion ranked eighth among global EV battery companies with 3% market share in 2022 in terms of installed capacity, and fourth in China with 5% market share. The company is 25%-owned by Volkswagen Group with Chairman Li Zhen holding around 7%.

Gotion High-tech Co (SZSE:002074) Headlines

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