Acrobiosystems Co (SZSE:301080) Price-to-Tangible-Book : 1.90 (As of May. 19, 2024)

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What is Acrobiosystems Co Price-to-Tangible-Book?

As of today (2024-05-19), Acrobiosystems Co's share price is ¥40.98. Acrobiosystems Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥21.55. Hence, Acrobiosystems Co's Price to Tangible Book Ratio of today is 1.90.

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

SZSE:301080' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.89 Med: 3.35 Max: 6.85
Current: 1.9

During the past 7 years, Acrobiosystems Co's highest Price to Tangible Book Ratio was 6.85. The lowest was 1.89. And the median was 3.35.

SZSE:301080's Price-to-Tangible-Book is ranked better than
67.15% of 1230 companies
in the Biotechnology industry
Industry Median: 2.81 vs SZSE:301080: 1.90

A closely related ratio is called PB Ratio. As of today, Acrobiosystems Co's share price is ¥40.98. Acrobiosystems Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥21.86. Hence, Acrobiosystems Co's P/B Ratio of today is 1.87.

Acrobiosystems Co Price-to-Tangible-Book Historical Data

The historical data trend for Acrobiosystems 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.

Acrobiosystems Co Price-to-Tangible-Book Chart

Acrobiosystems Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

6.85

3.22

2.77

Acrobiosystems Co Quarterly Data
	Dec18	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															3.41	2.98	3.28	2.77	1.89

Competitive Comparison of Acrobiosystems Co's Price-to-Tangible-Book

For the Biotechnology subindustry, Acrobiosystems 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.

Acrobiosystems Co's Price-to-Tangible-Book Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Acrobiosystems Co's Price-to-Tangible-Book distribution charts can be found below:

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

Acrobiosystems Co Price-to-Tangible-Book Calculation

Acrobiosystems 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 )
	=	40.98	/	21.549
	=	1.90

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.

Acrobiosystems Co Price-to-Tangible-Book Related Terms

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

Acrobiosystems Co (SZSE:301080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Acrobiosystems Co Ltd (SZSE:301080) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Hongda North Road, 4th Floor, Building 4, Beijing Economic and Technological Development Zon, Beijing, CHN, 100176

Website

https://www.acrobiosystems.cn

Acrobiosystems Co Ltd is a global brand focusing on protein technology, products and services in the development of biological drugs. It is committed to providing target antigens and other key reagents and related services required in the development of targeted therapeutic drugs.

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