Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Price-to-Tangible-Book : 0.12 (As of May. 12, 2024)

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What is Meihua International Medical Technologies Co Price-to-Tangible-Book?

As of today (2024-05-12), Meihua International Medical Technologies Co's share price is $0.7109. Meihua International Medical Technologies Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $5.95. Hence, Meihua International Medical Technologies Co's Price to Tangible Book Ratio of today is 0.12.

The historical rank and industry rank for Meihua International Medical Technologies Co's Price-to-Tangible-Book or its related term are showing as below:

MHUA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.12 Med: 0.85 Max: 1.44
Current: 0.12

During the past 5 years, Meihua International Medical Technologies Co's highest Price to Tangible Book Ratio was 1.44. The lowest was 0.12. And the median was 0.85.

MHUA's Price-to-Tangible-Book is ranked better than
99.57% of 697 companies
in the Medical Devices & Instruments industry
Industry Median: 2.77 vs MHUA: 0.12

A closely related ratio is called PB Ratio. As of today, Meihua International Medical Technologies Co's share price is $0.7109. Meihua International Medical Technologies Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was $6.11. Hence, Meihua International Medical Technologies Co's P/B Ratio of today is 0.12.

Meihua International Medical Technologies Co Price-to-Tangible-Book Historical Data

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

Meihua International Medical Technologies Co Price-to-Tangible-Book Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.44

0.25

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				-	0.90	1.44	0.51	0.25

Competitive Comparison of Meihua International Medical Technologies Co's Price-to-Tangible-Book

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

Meihua International Medical Technologies Co's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's Price-to-Tangible-Book falls into.

Meihua International Medical Technologies Co Price-to-Tangible-Book Calculation

Meihua International Medical Technologies Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.7109	/	5.949
	=	0.12

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.

Meihua International Medical Technologies Co Price-to-Tangible-Book 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 » Price-to-Tangible-Book

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.