Precision Tsugami (China) (HKSE:01651) PB Ratio : 1.31 (As of May. 13, 2024)

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What is Precision Tsugami (China) 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 (2024-05-13), Precision Tsugami (China)'s share price is HK$9.65. Precision Tsugami (China)'s Book Value per Share for the quarter that ended in Sep. 2023 was HK$7.35. Hence, Precision Tsugami (China)'s PB Ratio of today is 1.31.

The historical rank and industry rank for Precision Tsugami (China)'s PB Ratio or its related term are showing as below:

HKSE:01651' s PB Ratio Range Over the Past 10 Years
Min: 0.96 Med: 1.68 Max: 6.78
Current: 1.31

During the past 9 years, Precision Tsugami (China)'s highest PB Ratio was 6.78. The lowest was 0.96. And the median was 1.68.

HKSE:01651's PB Ratio is ranked better than
70.01% of 2928 companies
in the Industrial Products industry
Industry Median: 1.94 vs HKSE:01651: 1.31

During the past 12 months, Precision Tsugami (China)'s average Book Value Per Share Growth Rate was 4.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 21.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 16.10% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Precision Tsugami (China) was 57.70% per year. The lowest was 13.30% per year. And the median was 24.45% per year.

Back to Basics: PB Ratio

Precision Tsugami (China) PB Ratio Historical Data

The historical data trend for Precision Tsugami (China)'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.

Precision Tsugami (China) PB Ratio Chart

Precision Tsugami (China) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

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2.10

1.42

1.68

1.25

1.05

Precision Tsugami (China) Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
PB Ratio	Get a 7-Day Free Trial												1.59	1.25	1.11	1.05	1.09

Competitive Comparison of Precision Tsugami (China)'s PB Ratio

For the Tools & Accessories subindustry, Precision Tsugami (China)'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.

Precision Tsugami (China)'s PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Precision Tsugami (China)'s PB Ratio distribution charts can be found below:

* The bar in red indicates where Precision Tsugami (China)'s PB Ratio falls into.

Precision Tsugami (China) 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.

Precision Tsugami (China)'s PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	9.65	/	7.352
	=	1.31

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.

Precision Tsugami (China) (HKSE:01651) 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.

Precision Tsugami (China) PB Ratio Related Terms

Thank you for viewing the detailed overview of Precision Tsugami (China)'s PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Precision Tsugami (China) (HKSE:01651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Precision Tsugami (China) Corp Ltd (HKSE:01651) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2001 Pingcheng Road, Pinghu Economic-Technological Development Zone, Zhejiang Province, Pinghu, CHN, 314200

Website

https://www.tsugami.com.cn

Precision Tsugami (China) Corp Ltd is engaged in the manufacturing and distribution of computer numerical control (CNC) high precision machine tools; and the provision of commercial consultation services. It manufactures and sells CNC machine tools including Precision lathes, Precision machining centres, Precision thread and form rolling machines and Precision grinding machines under the TSUGAMI brand. The company only has one reportable operating segment which is the manufacture and sale of high precision CNC machine tools. Its products are mainly for the Chinese market and are also sold to Japan, Europe, the US, Southeast Asia and other countries.

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