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TRSG (Tungray Technologies) PB Ratio : 2.21 (As of Oct. 31, 2024)


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What is Tungray Technologies 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 (2024-10-31), Tungray Technologies's share price is $2.225. Tungray Technologies's Book Value per Share for the quarter that ended in Dec. 2023 was $1.01. Hence, Tungray Technologies's PB Ratio of today is 2.21.

Good Sign:

Tungray Technologies Inc stock PB Ratio (=2.32) is close to 1-year low of 2.32

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

TRSG' s PB Ratio Range Over the Past 10 Years
Min: 2.32   Med: 2.98   Max: 7.21
Current: 2.32

During the past 4 years, Tungray Technologies's highest PB Ratio was 7.21. The lowest was 2.32. And the median was 2.98.

TRSG's PB Ratio is ranked worse than
55.67% of 2930 companies
in the Industrial Products industry
Industry Median: 2.04 vs TRSG: 2.32

During the past 12 months, Tungray Technologies's average Book Value Per Share Growth Rate was -14.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 16.30% per year.

During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Tungray Technologies was 16.30% per year. The lowest was 16.30% per year. And the median was 16.30% per year.

Back to Basics: PB Ratio


Tungray Technologies PB Ratio Historical Data

The historical data trend for Tungray Technologies'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.

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Tungray Technologies PB Ratio Chart

Tungray Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
PB Ratio
- - - -

Tungray Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
PB Ratio Get a 7-Day Free Trial - - - - -

Competitive Comparison of Tungray Technologies's PB Ratio

For the Metal Fabrication subindustry, Tungray Technologies'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.


Tungray Technologies's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tungray Technologies's PB Ratio distribution charts can be found below:

* The bar in red indicates where Tungray Technologies's PB Ratio falls into.



Tungray Technologies 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.

Tungray Technologies's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=2.225/1.005
=2.21

* 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.

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

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.


Tungray Technologies  (NAS:TRSG) 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.


Tungray Technologies PB Ratio Related Terms

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Tungray Technologies Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933
Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics, and home appliance industries. It predominantly generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment. Geographically, the company generates a majority of its revenue from Singapore and the rest from China.