Techno Medical PCL (BKK:TM) PB Ratio : 1.42 (As of May. 17, 2024)

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What is Techno Medical PCL PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-17), Techno Medical PCL's share price is ฿1.90. Techno Medical PCL's Book Value per Share for the quarter that ended in Dec. 2023 was ฿1.34. Hence, Techno Medical PCL's PB Ratio of today is 1.42.

Good Sign:

Techno Medical PCL stock PB Ratio (=1.42) is close to 10-year low of 1.4

The historical rank and industry rank for Techno Medical PCL's PB Ratio or its related term are showing as below:

BKK:TM' s PB Ratio Range Over the Past 10 Years
Min: 1.4 Med: 1.85 Max: 3.42
Current: 1.42

During the past 9 years, Techno Medical PCL's highest PB Ratio was 3.42. The lowest was 1.40. And the median was 1.85.

BKK:TM's PB Ratio is ranked better than
50% of 92 companies
in the Medical Distribution industry
Industry Median: 1.43 vs BKK:TM: 1.42

During the past 12 months, Techno Medical PCL's average Book Value Per Share Growth Rate was -4.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -2.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Techno Medical PCL was 7.80% per year. The lowest was -24.90% per year. And the median was 0.75% per year.

Back to Basics: PB Ratio

Techno Medical PCL PB Ratio Historical Data

The historical data trend for Techno Medical PCL's PB Ratio 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.

Techno Medical PCL PB Ratio Chart

Techno Medical PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.72

1.69

2.47

1.91

1.50

Techno Medical PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.91	1.76	1.77	1.70	1.50

Competitive Comparison of Techno Medical PCL's PB Ratio

For the Medical Distribution subindustry, Techno Medical PCL's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Techno Medical PCL's PB Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Techno Medical PCL's PB Ratio distribution charts can be found below:

* The bar in red indicates where Techno Medical PCL's PB Ratio falls into.

Techno Medical PCL PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Techno Medical PCL's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.90	/	1.337
	=	1.42

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Techno Medical PCL (BKK:TM) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Techno Medical PCL PB Ratio Related Terms

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Techno Medical PCL (BKK:TM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Techno Medical PCL (BKK:TM) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Soi Latphrao 92, Phlap Phla sub-district, Wang Thong Lang district, Bangkok, THA, 10310

Website

https://www.technomedical.co.th

Techno Medical PCL is a Thailand-based company engaged in the trading business of medical supplies, tools, and equipment. The business activity of the group is import and distribution of operating instruments and disposable supplies, central sterile supply department products, instrument and supply used in laboratory and blood bank, and equipment and tools for heart surgery. Its segments consist of Disposable Equipment and Supplies and Medical Equipment and Instrument. Substantial revenue is derived from Disposable Equipment and Supplies segment.