Guangzhou Newlife New Material Co (SZSE:301323) Price-to-Tangible-Book : 1.74 (As of Jun. 04, 2024)

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What is Guangzhou Newlife New Material Co Price-to-Tangible-Book?

As of today (2024-06-04), Guangzhou Newlife New Material Co's share price is ¥32.27. Guangzhou Newlife New Material Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥18.51. Hence, Guangzhou Newlife New Material Co's Price to Tangible Book Ratio of today is 1.74.

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

SZSE:301323' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.72 Med: 2.14 Max: 2.45
Current: 1.74

During the past 6 years, Guangzhou Newlife New Material Co's highest Price to Tangible Book Ratio was 2.45. The lowest was 1.72. And the median was 2.14.

SZSE:301323's Price-to-Tangible-Book is ranked better than
59.43% of 2297 companies
in the Hardware industry
Industry Median: 2.08 vs SZSE:301323: 1.74

A closely related ratio is called PB Ratio. As of today, Guangzhou Newlife New Material Co's share price is ¥32.27. Guangzhou Newlife New Material Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥19.10. Hence, Guangzhou Newlife New Material Co's P/B Ratio of today is 1.69.

Guangzhou Newlife New Material Co Price-to-Tangible-Book Historical Data

The historical data trend for Guangzhou Newlife 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.

Guangzhou Newlife New Material Co Price-to-Tangible-Book Chart

Guangzhou Newlife New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.00

Guangzhou Newlife New Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial										-	2.45	2.27	2.00	1.82

Competitive Comparison of Guangzhou Newlife New Material Co's Price-to-Tangible-Book

For the Electronic Components subindustry, Guangzhou Newlife 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.

Guangzhou Newlife New Material Co's Price-to-Tangible-Book Distribution in the Hardware Industry

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

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

Guangzhou Newlife New Material Co Price-to-Tangible-Book Calculation

Guangzhou Newlife 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 )
	=	32.27	/	18.51
	=	1.74

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.

Guangzhou Newlife New Material Co Price-to-Tangible-Book Related Terms

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Guangzhou Newlife New Material Co (SZSE:301323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Newlife New Material Co Ltd (SZSE:301323) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Canghai 4th Road, Guangzhou Economic and Technological Development Zone, Yonghe Economic Zone, Guangdong, Guangzhou, CHN, 511356

Website

http://www.kingmagnet.com

Guangzhou Newlife New Material Co Ltd is focused on the research and development and production of magnetic materials, electronic ceramic materials and devices. Its products are divided into two major product directions: civil and industrial. Industrial products mainly focus on the research and development and production of mobile phones and micro-motor peripheral products, including varistors, copper (high specific gravity alloys), thermistors (NTC), high-energy radiation protection materials, medical radiation shielding materials, nuclear radiation shielding materials, etc. Civilian products include magnetic glue materials, magnetic products, Jingyisi, magnetic advertising materials, soft magnetic coatings, etc.

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