Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) PB Ratio : 0.12 (As of May. 12, 2024)

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What is Meihua International Medical Technologies Co 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 (2024-05-12), Meihua International Medical Technologies Co's share price is $0.7109. Meihua International Medical Technologies Co's Book Value per Share for the quarter that ended in Dec. 2023 was $6.11. Hence, Meihua International Medical Technologies Co's PB Ratio of today is 0.12.

The historical rank and industry rank for Meihua International Medical Technologies Co's PB Ratio or its related term are showing as below:

MHUA' s PB Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.83 Max: 6.2
Current: 0.12

During the past 5 years, Meihua International Medical Technologies Co's highest PB Ratio was 6.20. The lowest was 0.10. And the median was 0.83.

MHUA's PB Ratio is ranked better than
99.49% of 792 companies
in the Medical Devices & Instruments industry
Industry Median: 2.235 vs MHUA: 0.12

During the past 12 months, Meihua International Medical Technologies Co's average Book Value Per Share Growth Rate was 5.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 19.40% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Meihua International Medical Technologies Co was 31.70% per year. The lowest was 19.40% per year. And the median was 25.55% per year.

Back to Basics: PB Ratio

Meihua International Medical Technologies Co PB Ratio Historical Data

The historical data trend for Meihua International Medical Technologies Co'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.

Meihua International Medical Technologies Co PB Ratio Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

1.44

0.24

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial				-	0.89	1.44	0.49	0.24

Competitive Comparison of Meihua International Medical Technologies Co's PB Ratio

For the Medical Instruments & Supplies subindustry, Meihua International Medical Technologies Co'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.

Meihua International Medical Technologies Co's PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's PB Ratio falls into.

Meihua International Medical Technologies Co 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.

Meihua International Medical Technologies Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.7109	/	6.112
	=	0.12

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.

Meihua International Medical Technologies Co (NAS:MHUA) 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.

Meihua International Medical Technologies Co PB Ratio Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.