17 Education & Technology Group (17 Education & Technology Group) Price-to-Tangible-Book : 0.28 (As of May. 12, 2024)

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What is 17 Education & Technology Group Price-to-Tangible-Book?

As of today (2024-05-12), 17 Education & Technology Group's share price is $2.51. 17 Education & Technology Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $8.94. Hence, 17 Education & Technology Group's Price to Tangible Book Ratio of today is 0.28.

The historical rank and industry rank for 17 Education & Technology Group's Price-to-Tangible-Book or its related term are showing as below:

YQ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.23 Med: 0.71 Max: 7.79
Current: 0.28

During the past 6 years, 17 Education & Technology Group's highest Price to Tangible Book Ratio was 7.79. The lowest was 0.23. And the median was 0.71.

YQ's Price-to-Tangible-Book is ranked better than
95.83% of 216 companies
in the Education industry
Industry Median: 1.935 vs YQ: 0.28

A closely related ratio is called PB Ratio. As of today, 17 Education & Technology Group's share price is $2.51. 17 Education & Technology Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $8.94. Hence, 17 Education & Technology Group's P/B Ratio of today is 0.28.

17 Education & Technology Group Price-to-Tangible-Book Historical Data

The historical data trend for 17 Education & Technology Group'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.

17 Education & Technology Group Price-to-Tangible-Book Chart

17 Education & Technology Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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7.79

0.51

0.91

0.23

17 Education & Technology Group Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial														0.91	0.49	0.49	0.46	0.23

Competitive Comparison of 17 Education & Technology Group's Price-to-Tangible-Book

For the Education & Training Services subindustry, 17 Education & Technology Group'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.

17 Education & Technology Group's Price-to-Tangible-Book Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, 17 Education & Technology Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where 17 Education & Technology Group's Price-to-Tangible-Book falls into.

17 Education & Technology Group Price-to-Tangible-Book Calculation

17 Education & Technology Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.51	/	8.935
	=	0.28

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.

17 Education & Technology Group Price-to-Tangible-Book Related Terms

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17 Education & Technology Group (17 Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 17 Education & Technology Group Inc (NAS:YQ) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjing Greenland Center, 16th Floor, Block B, Chaoyang District, Beijing, CHN, 100102

Website

https://ucenter.17zuoye.com

17 Education & Technology Group Inc is an education technology company in China. It offers to assist students, teachers, schoolmasters, and educational authorities across China to achieve data-driven teaching, learning, and assessment. Geographically group operates in China.