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GRG Metrology & Test Group Co (SZSE:002967) Price-to-Tangible-Book : 2.67 (As of May. 06, 2024)


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What is GRG Metrology & Test Group Co Price-to-Tangible-Book?

As of today (2024-05-06), GRG Metrology & Test Group Co's share price is ¥15.04. GRG Metrology & Test Group Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥5.64. Hence, GRG Metrology & Test Group Co's Price to Tangible Book Ratio of today is 2.67.

The historical rank and industry rank for GRG Metrology & Test Group Co's Price-to-Tangible-Book or its related term are showing as below:

SZSE:002967' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.6   Med: 4.5   Max: 14.3
Current: 2.67

During the past 12 years, GRG Metrology & Test Group Co's highest Price to Tangible Book Ratio was 14.30. The lowest was 2.60. And the median was 4.50.

SZSE:002967's Price-to-Tangible-Book is ranked worse than
57.49% of 868 companies
in the Business Services industry
Industry Median: 2.065 vs SZSE:002967: 2.67

A closely related ratio is called PB Ratio. As of today, GRG Metrology & Test Group Co's share price is ¥15.04. GRG Metrology & Test Group Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥6.25. Hence, GRG Metrology & Test Group Co's P/B Ratio of today is 2.41.


GRG Metrology & Test Group Co Price-to-Tangible-Book Historical Data

The historical data trend for GRG Metrology & Test Group 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.

GRG Metrology & Test Group Co Price-to-Tangible-Book Chart

GRG Metrology & Test Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.21 13.36 5.12 3.13 2.67

GRG Metrology & Test Group 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 3.78 3.78 2.74 2.67 2.73

Competitive Comparison of GRG Metrology & Test Group Co's Price-to-Tangible-Book

For the Consulting Services subindustry, GRG Metrology & Test Group 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.


GRG Metrology & Test Group Co's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GRG Metrology & Test Group Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where GRG Metrology & Test Group Co's Price-to-Tangible-Book falls into.



GRG Metrology & Test Group Co Price-to-Tangible-Book Calculation

GRG Metrology & Test Group 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 )
=15.04/5.635
=2.67

* 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.


GRG Metrology & Test Group Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of GRG Metrology & Test Group Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.


GRG Metrology & Test Group Co (SZSE:002967) Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Qishan Road, Room 150, Shiqi Town, Panyu District, Guangdong Province, Guangzhou, CHN, 510656
GRG Metrology & Test Group Co Ltd is devoted to standards compiling, product testing and certification, analysis and assessment, consulting and training, test equipment and software research and development, providing state of the art services to various industries including automotive, traffic and rail, communication and electric power and others.

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